NEW YORK (CNNMoney) — European bond yields climbed Tuesday, with Italian yields surpassing a key threshold, setting off alarms in markets around the world as investors again worry about how the eurozone will solve its debt crisis. Italy’s 10-year bond yield exceeded 7%, a benchmark that makes traders nervous, since […]
Even as Bank of America and other major lenders back away from charging customers to use their debit cards, many banks have been quietly imposing other new fees. Need to replace a lost debit card? Bank of America now charges $5 — or $20 for rush delivery. Deposit money with […]
Courtesy / Source: NY Times ULYSSES, Kan. — Change can be unsettling in a small town. But not long ago in this quiet farming community, with its familiar skyline of grain elevators and church steeples, the owner of a new restaurant decided to acknowledge the community’s diversity by adding some […]
BERLIN — The window of opportunity to save the euro is rapidly closing, as the sovereign debt crisis erodes the solvency of Europe’s banks and drives up borrowing rates for even once rock-solid countries like France. On Saturday, the crisis swept away another leader, when Prime Minister Silvio Berlusconi resigned after 17 […]
Ron Paul is a presidential candiate from the republican party. Here is some of what he said yesterday on CBS during republican candidates debate.
SPARTANBURG, S.C. — Mitt Romney and Newt Gingrich said at the Republican presidential debate here Saturday night that they would be willing to go to war to keep Iran from attaining nuclear weapons if all other strategies failed. http://cnettv.cnet.com/av/video/cbsnews/atlantis2/cbsnews_player_embed.swf Romney said that if “crippling sanctions” and other strategies fail, military […]
By Rami G. Khouri, The Daily Star, Lebanon After an extended stay in the United States that allowed me to speak with Middle East specialists and interested citizens in many cities, I sense a new theme that broadly defines American attitudes to developments in the Middle East: perplexity. Of course, […]
PARIS — As the bets that European banks made on United States mortgage investments went bust a few years ago, bankers piled into what they saw as a safe refuge: bonds issued by countries in Europe’s seemingly ironclad monetary union. Now, the political and financial crisis engulfing the Continent has […]
Peter Thiel, founder of Clarium Capital and The Thiel Foundation, explains why young Americans need to be encouraged to take on more risk to spur innovation and why the cost of a U.S. education is hindering that. http://s.wsj.net/media/swf/VideoPlayerMain.swf
Source: Physics-World The US physicist Norman Ramsey, who shared the 1989 Nobel Prize for Physics, died on 4 November at the age of 96. Ramsey’s work on probing the structure of atoms to high precision was instrumental in the later development of the atomic clock, as well as in medical […]
The number of Americans filing applications for unemployment benefits fell to the lowest level in seven months, a sign the recovery may be encouraging companies to limit cuts in headcount. Jobless claims fell by 10,000 to 390,000 in the week ended Nov. 5, Labor Department figures showed today in Washington. […]
Source/Credit: Houston Chronicle By Bill King When the Sept. 11 attacks occurred, I knew exactly two Muslims. Both worked for me, and both were two of the most dedicated, kind […]
Source/Credit: Associated Press CHICAGO (AP) — Some gravely ill alcoholics who need a liver transplant shouldn’t have to prove they can stay sober for six months to get one, doctors say in a study that could intensify the debate over whether those who destroy their organs by drinking deserve new […]
Source / Courtesy: CNN Columbus, Mississippi (CNN) — In the Carpenter home, every meal begins with a prayer. Robin and his wife, Emily, are devout Christians. But they part ways with many other Christians over a measure that would expand the legal definition of human life. Their son, Luke, now […]
New census estimates show the number of Americans living in poverty has risen to almost 50 million — 16 percent of the U.S. population. That’s up from 46.2 million people reported in September. The new figure of 49.1 million takes into account higher prices for everyday costs and medical expenses. […]
WASHINGTON — When Citigroup agreed last month to pay $285 million to settle civil charges that it had defrauded customers during the housing bubble, the Securities and Exchange Commission wrested a typical pledge from the company: Citigroup would never violate one of the main antifraud provisions of the nation’s securities […]
By JIM LONEY | REUTERS BAGHDAD: The US military is vacating Saddam Hussein’s ornate palaces at its war headquarters in Baghdad and will turn the property over to Iraq next month, but Saddam’s prison toilet is leaving with the Americans. The stainless steel commode and a reinforced steel door have […]
NEW YORK (CNNMoney) — Italian bond yields hit record highs Monday, getting perilously close to the 7% mark, as faith wanes in Prime Minister Silvio Berlusconi. The yield for 10-year Italian bonds spiked to 6.5% Monday, easing back from earlier highs of 6.8%. Read more
Customers of MF Global Holdings Inc. whose money is still trapped at the futures broker almost a week after filing for bankruptcy protection say the safeguards meant to protect them failed as exchanges and regulators work to move client positions. CME Group Inc. (CME), the world’s largest futures exchange that’s […]