Sarkozy Calls For International Cap On Banking Bonuses
Ahead of next month’s G20 summit, French President Sarkozy said today that he will push for limits on bonuses for bank traders, in the context of his overall international campaign for greater regulation of the global finance.
President Obama Keeps Ben Bernanke As Fed Chairman For 2ND Term
Today, President Obama is expected to announce, from Martha’s Vineyard before the market opens at 9:00 AM, that he will keep Ben Bernanke as Federal Reserve Chairman. Bernanke was nominated at the Federal Reserve in 2005 by George W. Bush to replace Alan Greenspan after Greenspan’s 18 years tenure. Bernanke enjoys a fairly broad support […]
Is The Global Recession Over?
At least it is according to Olivier Blanchard, the International Monetary Fund’s chief economist. Today, Blanchard said that the global economic recovery has begun.
Is The Recession Over In Europe?
Today, some new economic data coming from Germany & France are showing signs that both economies have finally stopped contracting. Both France & Germany announced today a surprising GDP ( gross domestic product) growth of 0.3 percent for the 2ND quarter of 2009. Economists, in Germany & France, had predicted more contraction of their respective […]
Fannie Mae Gets $10 Billion More In Bailout Money
Taxpayers will fork over $10.7 billion more to Fannie Mae, bringing the company’s total bailout to $44.9 billion. Fannie’s twin Freddie Mac hasn’t reported its second quarter results yet, so we’ll have to wait a bit to get the new total for the two, which currently stands at $95.6 billion.
