Not long ago, Lorena Dominguez looked forward to the future. She had a well-paid job at the Citroën automobile factory in Vigo, the town in northern Spain where she had grown up.
The Broken Hopes of a Spanish Generation
Tag Archives: financial
As Recession Puts Men Out of Work, Wives Feel the Impact
When Sarah Janosek drove to see her first patient in the early morning of Nov. 5, she knew her husband, a software engineer, could be one of the hundreds of Advanced Micro Devices employees laid off that day.
World leaders arrive for G-8 quake zone summit
Leaders of the world’s most powerful economies were Wednesday gathering in the center of an Italian earthquake zone for a summit that, despite an agenda tackling the financial crisis, world poverty and climate change, is not expected to produce seismic results. U.S.
Analysis: Who’s in charge as Obama visits Russia?
President Obama arrived in Moscow on Monday for a summit with Russian President Dmitry Medvedev aimed at trying to "reset" the U.S.-Russian relationship. But he also may have a less publicized goal: figuring out who’s really in charge here
Trying Times for Russia’s Nesting Dolls
Under the white walls and blue-and-gold cupolas of the Sergiyev Posad monastery, the row of vendors selling nesting dolls and other traditional Russian handicrafts is noticeably shorter this summer. Usually the cheap folding tables, set up in a double row outside the spiritual center of the Russian Orthodox Church, are surrounded by tourists snapping up the iconic egg-shaped souvenirs, made of smaller and smaller wooden dolls hidden one within the other. But on a recent Thursday afternoon, there were only about a dozen people looking to buy
When Benedict Meets Barack
When Pope Benedict XVI greets U.S. President Barack Obama at the Vatican on July 10, the symbolism and sheer star power of the encounter will keep the pundits chattering away. The photo op alone is worth a thousand words: The 82-year-old man in white, the world’s most recognizable religious leader and head of its largest single denomination comes face-to-face with the charismatic first black President of the world’s last superpower
In death, will Michael Jackson be more profitable?
Michael Jackson’s financial woes were well documented: Numerous lawsuits, loss of control of his beloved Neverland and reports that he was hundreds of millions of dollars in debt all point to a complex money mess that trailed the King of Pop as vigilantly as his most ardent fans. But might he find the financial success in death that eluded him in the last years of his life “A few years ago, a gentleman came along with the public company called CKX, and they purchased the intellectual property rights associated with Elvis Presley and that was in excess of $100 million,” said Mark Roesler, chairman and chief executive officer of CMG Worldwide, a business and marketing agent whose client roster boasts several deceased celebrities, including James Dean and Marilyn Monroe. “The most logical question is [whether Michael Jackson is] worth more than Elvis,” Roesler added.
Dumbing Down Regulation
If only our financial regulations were dumber! It’s not a cry you hear often. But phrased a little differently, it may be the most cogent criticism of the convoluted regulatory approach of recent decades–and one that applies to most of the Obama Administration’s financial-reform proposals. The argument goes like this: the biggest flaw in current financial regulation is not that there is too little of it or too much, but that it relies on regulators knowing best.
Michael Jackson Settles Out of Court with Sheik
Michael Jackson avoided a much-anticipated appearance in London’s High Court by reaching an out-of-court settlement with Sheik Abdulla bin Hamad Al Khalifa, the prince of Bahrain, who was suing him for $7 million. “As Mr. Jackson was about to board his plane to London, he was advised by his legal team to postpone his travels since the parties had concluded a settlement in principle,” Celina Aponte, Jackson’s London-based spokeswoman, said late on Sunday
Is the Stock Market Cheap or Expensive?
The great financial question confronting the American public lately has to do with their withered investment portfolios.