Daily News Channel
Tens of thousands of protesters marched on the streets of Spain’s capital Thursday to demand better protection for workers hit hard by the economic crisis. Dressed in funeral black to mourn the estimated four million jobless in Spain, demonstrators had a simple message for the government: Enough corporate bailouts; it’s time to focus on the workers
The state of the economy may be out of people’s hands, but their happiness isn’t, according to a group of researchers meeting at an international conference on happiness Thursday. Experts from fields ranging from neuroscience and philosophy to psychology and theology will gather to discuss the latest insights on living happier lives at the meeting in Sydney, Australia. Drawn to workshops with titles like The Architecture of Sustainable Happiness and Practical Tools for Positive Relationships, more than 2,000 participants are expected to attend the conference.
Here’s the not-so-bad news: We are nearing a bottom. Housing prices are falling, but not as rapidly.
The tears begin and her voice trembles as Ruth Martinez remembers the first few days of her new world. She would leave work, pick up her son Jacob at school and drive aimlessly, sometimes sneaking back to the office, “to watch TV there without my boss knowing.” Her husband had lost his job, and the stress drove them apart
May 1 marks five years since the European Union opened up to bring former eastern bloc countries into its fold, taking it to 27 members. But instead of fanfare and fireworks, the mood is muted in New Europe and among the E.U.’s veterans. The post-1989 boom in central and eastern Europe — when new E.U
As introductions go, it has been a fast-paced, fascinating first 100 days: an ambitious domestic agenda aimed at reinvigorating the economy and the government’s reach into its workings, and several provocative steps on the world stage that, like at home, signal a clear break from the previous administration.
Are Europe and the U.S.
The last time we realized the financial system had sold us out—this was way back in 2001/2002—one of the results was a half-a-billion-dollar settlement with Wall Street’s stock analysts. As you might recall, investment banks had a bad habit of issuing overly rosy opinions of companies, particularly the ones the banks were courting for other sorts of business. Twelve companies, including Merrill Lynch, Bear Stearns, Citigroup, Goldman Sachs, Lehman Brothers, J.P
London’s newest hotelier Mark Fuller is showing commendable bravado for someone about to open a luxury hotel during a global recession. “F*** the recession, let’s get on with it,” he says, while sitting on the roof terrace of the Sanctum Soho, a 30-room establishment dubbed the rock’n’roll hotel, as much for its “anything goes” service philosophy as the pedigree of its owners, which include the co-managers of heavy metal band Iron Maiden. “We do not recognize there is a credit crunch because we believe you should battle through it,” Fuller says, adding “If you get panicky and scary about things like this you’re no man at all.” Besides, he admits, three years ago when he started working on the concept of an ‘alluring haven of hedonism’ (as the hotel is described on its Web site), the credit crunch didn’t exist
The sudden death — an apparent suicide — of Freddie Mac’s acting chief financial officer David Kellermann is the latest shock to ripple through the federally backed housing agency. Since essentially being taken over by the government in September, it has been one hit after another for Freddie Mac — a private company that, with sister-agency Fannie Mae, holds or guarantees more than half of all U.S.