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Cyprus shuts banks through Thursday amid fears of widening crisis
ATHENS — Amid renewed fears of a widening economic crisis in Europe, Cyprus on Monday ordered its banks shut through Thursday, postponing for a second time in two days a crucial parliamentary debate on whether bank depositors on the Mediterranean...
Tags: Politics, Economy, Business and Finance, Vladimir Putin, European Union, Angela Merkel
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Cyprus deposit tax rattles markets throughout the world
LONDON (AP) — Stocks around the world fell sharply Monday as investors gave their initial verdict to a weekend plan to tax depositors in Cypriot banks as part of a bailout of the Mediterranean island nation. Though Cyprus only accounts for...
Tags: DAX, Hong Kong, Japan, Politics, Economy, Business and Finance
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U.S. economy grew late last year, but barely
WASHINGTON -- The U.S. economy barely grew late last year, thanks largely to a plunge in federal defense spending that in part was likely preparation for the budget cuts under the so-called sequestration. The nation's gross domestic product, or the...Tags: Petroleum Industry, Budgets and Budgeting, Economic Indicator, Budget Control Act of 2011, Government Debt
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Bernanke warns Congress that budget cuts pose danger [Updated]
This post has been updated, as indicated below.WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke warned Tuesday that the upcoming budget cuts under the so-called sequestration would create a "significant" burden on an economy that is growing only moderately. In his semi-annual economic report...Tags: Unemployment, Patrick J. Toomey, Money and Monetary Policy, Employment Opportunities, U.S. Senate Committee on Banking, Housing, and Urban Affairs
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Some sectors of Florida economy boom -- but others still languish
TALLAHASSEE -- It was a simple campaign mantra and the yardstick by which Gov. Rick Scott will be judged when he goes back before voters: 700,000 jobs in seven years. At the midpoint of his first term, the Republican political neophyte hasn't shied...
Tags: Tourism and Leisure, Justice System, Unemployment, Government, Litigation and Regulation
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Forecast for 2013 shows we’re worst cheerleaders ever
Blog-o-nomics - Orlando SentinelWe came out this week with the annual Central Florida Business Forecast, and we're taking it on the chin from some readers. They are displeased because the report suggests that 2013 may prove to be a better year for the economy than 2012. This... -
G-20 moves to allay fears of 'currency war'
WASHINGTON -- Top finance officials of the Group of 20 largest economies sought Saturday to allay fears of a currency war, pledging not to target exchange rates to gain a competitive advantage in trade. But the joint statement, issued at the end of a G-...
Tags: Brookings Institution, Japan, Barack Obama, Politics, Washington, DC
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MarksJarvis: S&P 500 closes in on all-time high
After turning squeamish early in the week, investors returned to the stock market and sent the Standard & Poor's 500 index to 1,517 Friday, the highest level since November 2007. It hasn't hit the all-time high of 1,565 of October 2007, but it was an...
Tags: Earnings Forecasts, Leveraged Buyouts, Italy, Companies and Corporations, Spain
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MarksJarvis: Investors nervous at peak but keep investing
It's not unusual to lose your balance while standing on a peak. And so it goes with the stock market. Investors suffered some fear of heights Monday and sent the Dow Jones industrial average tumbling. It was the worst day of this year, with a triple-...
Tags: Debt Market, Mario Draghi, Congressional Budget Office, Government, Barack Obama
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Germany will never let ECB shut Deutsche Bank
The first people to tell the public that the world's oldest bank was cooking its books weren't the bank's executives, its outside auditors at KPMG, its regulators at the Bank of Italy, or anyone else who had a duty to keep the place honest. They were...Tags: Accounting and Auditing, Bloomberg L.P., Mario Draghi, Government, Personal Service
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Investors say U.S. fiscal woes pose biggest risk to global economy
WASHINGTON -- Investors around the world say the fiscal woes of the U.S. -- highlighted by the ongoing fight over the debt limit -- pose the biggest risk to the global economy this year, according to poll results released Wednesday. More than a third of...
Tags: George W. Bush, Mario Draghi, China, Politics, Credit Ratings
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IMF sees modest 2013 improvement for world economy
WASHINGTON (AP) — The International Monetary Fund is projecting a modest rise in global economic growth for 2013, but also warning that problems in the eurozone and the United States could derail momentum. The report Wednesday, an update of the...
Tags: Japan, Barack Obama, Politics, International Organizations, International Monetary Fund
Mar 18, 2013
|Story| Los Angeles Times
Mar 18, 2013
|Story| Petoskey News
Feb 28, 2013
|Story| Los Angeles Times
Feb 26, 2013
|Story| Los Angeles Times
Dec 23, 2012
|Story| Orlando Sentinel
Jan 15, 2013
| Orlando Sentinel
Feb 16, 2013
|Story| Los Angeles Times
Feb 10, 2013
|Column| Chicago Tribune
Feb 6, 2013
|Column| Chicago Tribune
Feb 4, 2013
|Column| Allentown Morning Call
Jan 23, 2013
|Story| Los Angeles Times
Jan 23, 2013
|Story| Petoskey News
Original site for European Debt Crisis topic gallery.