For Obama, veto isn't overriding concern

by -NO AUTHOR- -- (Washington Times) That yawn you heard was Congress reacting to another veto threat from President Obama. Mr. Obama threatened to veto the $633 billion defense authorization bill, which more…

Trade deficit on course for surplus

by -NO AUTHOR- -- (Washington Times) While Washington wrestles with the nation's burgeoning budget deficits, some good news has emerged on the other deficit front: The nation's bloated trade deficit appears to more…

Germany 'exporting' old, sick to foreign care homes

by -NO AUTHOR- -- (London Guardian) Growing numbers of elderly and sick Germans are being sent overseas for long-term care in retirement and rehabilitation centres because of rising costs and falling standards more…

U.S. Treasury warns of 'extraordinary measures'

by -NO AUTHOR- -- (London Guardian) US Treasury secretary Tim Geithner warned on Wednesday he would have to take "extraordinary measures" to avoid a default on the US's legal obligations as the more…

Bond-ratings cuts advance to fastest since '09

by -NO AUTHOR- -- (Bloomberg) Standard & Poor's and Moody's Investors Service are cutting corporate debt ratings at the fastest pace since 2009 as a global economic slowdown and record borrowing erode more…

Euro crisis hitting world like WWII

by -NO AUTHOR- -- (Hurriyet Daily News) The eurozone crisis cost compares with the financial consequences of the World War II for the globe, Deputy Prime Minister Ali Babacan has said. Join more…

Chilling economic report terrifies CEOs

by -NO AUTHOR- -- (Business Insider) Over an early-morning coffee with the chief executive of an FTSE 100 business last week, talk turned to the outlook for 2013. Where I had expected more…