As Europe confronts another act in its Greek drama, many are watching and wondering, Is the U.S.
It’s All Greek to U.S.
Tag Archives: currency
Unrest in Libya: Gaddafi’s Security Forces Weaken Rebels’ NTC
“I have to close my restaurant when it gets dark,” complains Ahmad al-Dursi, 43, the owner of a small hamburger joint in Benghazi, the capital of what is called Free Libya.
After a Bombing, Belarus’ Tyrant Cracks Down on Everybody
On Monday night, after touring the site of the subway bombing that killed at least 12 people in the capital of Belarus, the country’s authoritarian president, Alexander Lukashenko, cast the net of suspicion as far and wide as he could.
Should You Put Your Savings in a Chinese Bank Account?
In January, The Bank of China quietly announced a startling new bank account available to U.S.
US hardens stance on Chinese currency
The Obama administration said on Thursday that it had “serious concerns” about the value of the renminbi, but stopped short of accusing China of manipulating its currency in a closely watched report to Congress. The Treasury toughened its language on China in its semi-annual report on exchange rate policies
Myanmar allows Suu Kyi to meet diplomats
Myanmar’s military junta allowed pro-democracy leader Aung San Suu Kyi to meet Friday with three diplomats — from the United States, Britain and Australia, according to her spokesman and a government official.
Geithner vs. the Regulators: A Time for Swearing
The expletive-laden rant Treasury Secretary Tim Geithner unleashed during a closed meeting with regulators on Friday, July 31, has players in Washington and on Wall Street wondering one thing: What got the usually mild-mannered Geithner so incensed? Establishing a new regulatory framework for the financial markets is not the kind of politically charged, life-or-death issue that should drive a normally discreet Cabinet member to go on a blue streak in front of dozens of officials. But Geithner and the Obama Administration have more at stake in getting reform pushed through Congress by the end of the year than it may seem.
The Pros and Cons of Reverse Mortgages
While the recession hasn’t spared any age group, it’s been particularly brutal for older Americans who were counting on their nest eggs to last through their retirement years. To supplement their stash, an increasing number of seniors are turning to reverse mortgages, which function essentially as a cash advance on their home equity, repaid only when they sell their home or die
Some communities are printing their own currency
Steve Carlotta’s family-owned camera store is struggling along with other mom and pop stores.