Posts Tagged ‘growth’

A bipartisan Bernanke lovefest

Thursday, February 9th, 2012

Back in August, Texas Gov. Rick Perry — a man who appeared to have a serious chance at becoming the next president — was saying his state would treat Ben Bernanke “pretty ugly” if he didn’t stop printing money. But Bernanke’s reception in front of the Senate Budget Committee was quite a bit, well, prettier. “I believe when history has been written, you will be a critical figure,” enthused Sen. Bill Nelson (D-Fla.). “Your role has been prominent in preventing the complete collapse of the financial system. For that I am grateful.” And Nelson wasn’t alone. The hearing quickly turned into a total Bernanke lovefest. Read full article > >

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A bipartisan Bernanke lovefest

Emil Boc, Romanian Prime Minister, Resigns Amid Protests

Monday, February 6th, 2012

After weeks of protests, Emil Boc, Romania’s prime minister, resigned Monday, the latest European leader to fall victim to a mood of public outrage over austerity measures and stagnant growth.

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Emil Boc, Romanian Prime Minister, Resigns Amid Protests

Fed chief warns Congress against hampering growth while cutting debt

Thursday, February 2nd, 2012

Federal Reserve Chairman Ben S. Bernanke on Thursday cautioned lawmakers against taking any steps that would hurt economic growth as they work to cut the nation’s debt, and he defended the central bank’s recent actions to support the economy. Read full article > >

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Fed chief warns Congress against hampering growth while cutting debt

IMF issues austerity cuts warning

Saturday, January 28th, 2012

Inappropriate spending cuts could “strangle” growth, so austerity measures should be tailor-made by each country, the head of the IMF warns.

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IMF issues austerity cuts warning

Fed: Rates likely to remain near zero through 2014; inflation target set at 2%

Wednesday, January 25th, 2012

The Federal Reserve said Wednesday that it would keep interest rates near zero through 2014 or longer to help boost the economy and for the first time set an explicit inflation target of 2 percent, signaling that the central bank is frustrated with the weak pace of growth. Read full article > >

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Fed: Rates likely to remain near zero through 2014; inflation target set at 2%

Egypt’s New Path Complicated by Economic Problems

Wednesday, January 25th, 2012

With mounting debts, negligible growth and dwindling foreign reserves, Egypt’s military rulers and the new Islamist-led Parliament face a crisis that could undermine the political transition.

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Egypt’s New Path Complicated by Economic Problems

Dutasteride Is Seen to Curtail Cancer Left in Prostate

Tuesday, January 24th, 2012

A study suggests that dutasteride may slow or stop tumor growth in men who decide against surgery.

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Dutasteride Is Seen to Curtail Cancer Left in Prostate

Costco Wholesale drives deeper into Washington area

Sunday, January 22nd, 2012

Discount retailer Costco Wholesale is making greater inroads into the Washington area with plans for a new store on a 12-acre tract in Alexandria, one of three locations in the works in the region. Costco stands to gain grocery market share, albeit marginal, at a time when traditional players, like Food Lion and Superfresh, struggle to compete in a changing industry. Drug stores and big-box chains are muscling in on supermarkets with a wider selection of groceries. Value-oriented merchants, such as Costco, still hold a profitable stake in the industry and are finding room for growth. Read full article > >

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Costco Wholesale drives deeper into Washington area

VIDEO: Capitalism ‘nothing to do with responsibility’

Friday, January 20th, 2012

Capitalism is only concerned with growth and making profit, not responsibility, the Marxist historian Eric Hobsbawm tells Newsnight’s Jeremy Paxman.

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VIDEO: Capitalism ‘nothing to do with responsibility’

China’s December growth slowest in 2½ years

Tuesday, January 17th, 2012

BEIJING — China’s economy grew by 8.9 percent in the final quarter of last year, better than economists had predicted but still signaling that the world’s second largest economy is starting to cool. A steep year-end drop in exports and a cooling real estate market contributed to the slowdown. Read full article > >

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China’s December growth slowest in 2½ years

Chinese Economic Growth Slipped Again in 4th Quarter

Tuesday, January 17th, 2012

One analyst says that even with signs of cooling growth, “the basic structure of the economy is still O.K.”

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Chinese Economic Growth Slipped Again in 4th Quarter

Clegg plan for employee ownership

Monday, January 16th, 2012

Deputy Prime Minister Nick Clegg urges more firms to offer shares to their staff, saying it will improve productivity and boost growth.

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Clegg plan for employee ownership

After Downgrades, European Leaders Argue for Both Austerity and Stimulus

Saturday, January 14th, 2012

In Spain, the prime minister pledged spending cuts and a banking-system cleanup, while in Italy, the prime minister called for “efforts in favor of growth.”

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After Downgrades, European Leaders Argue for Both Austerity and Stimulus

Tesco festive trade ‘disappoints’

Thursday, January 12th, 2012

Tesco reports a fall in UK sales over Christmas and says it expects “minimal” profit growth in 2012, as other high profile retailers also report tough times.

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Tesco festive trade ‘disappoints’

News Analysis: Germany Resists Europe’s Pleas to Spend More

Sunday, January 8th, 2012

In Berlin, there is a deep consensus among policy makers and economists — bordering on orthodoxy — that austerity and growth are not enemies. They are comrades.

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News Analysis: Germany Resists Europe’s Pleas to Spend More