Reuters – The IMF’s chief economist, Olivier Blanchard, said on Monday it looks like the ‘haircut’ on Greek private debt will be “very large” as negotiations between bondholders and the government drag on to cut Greece’s debt burden.
Tuesday February 7th, 2012 10:27 IMF’s Blanchard sees "very large" Greek haircut (Reuters)
Tuesday February 7th, 2012 10:27 Gold falls as Greek debt crisis back in spotlight (AP)
AP – Gold prices fell Monday as the Greek debt crisis returned to the spotlight, renewing concerns about the impact that Europe’s financial troubles could have on the global economy.
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Tuesday February 7th, 2012 10:27 Report: Large charitable donations on the rise (AP)
AP – Money donated by the nation’s most chartable people is starting to catch up with pre-recession giving, thanks in part to some very large bequests from a few donors.
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Tuesday February 7th, 2012 10:27 90 DC workers face firing for unemployment fraud (AP)
AP – About 90 District of Columbia workers have been suspended and may be fired after officials determined they received unemployment checks while holding city jobs.
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Tuesday February 7th, 2012 10:27 Report: Casinos generated $125B spending in 2010 (AP)
AP – A new report shows U.S. casinos and the industries that depend on them made a $125 billion economic splash in 2010 — the equivalent of 1 percent of the total U.S. gross domestic product.
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Tuesday February 7th, 2012 10:27 No way China can sustain its growth: Biden (Reuters)
Reuters – Vice President Joe Biden warned on Monday that there is no way that China will be able to sustain its current level of economic growth because of what he called its “God-awful” one-child policy.
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Tuesday February 7th, 2012 10:27 Fed should raise rates in 2013, Bullard says (Reuters)
Reuters – The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that many years of near-zero rates will do little to return economic output to pre-recession levels and risks causing “disaster.”
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Tuesday February 7th, 2012 10:26 With economy improving, Obama would beat Romney: poll (Reuters)
Reuters – bolstered by a stronger economic outlook and recent job growth – would win in a match-up against the two leading Republican presidential candidates Mitt Romney and Newt Gingrich, a poll on Monday showed.
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Tuesday February 7th, 2012 10:26 Analysis: Euro zone strugglers lack innovative knack (Reuters)
Reuters – To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: per million inhabitants, they each filed fewer than eight applications with the European Patent Office in 2010.
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Tuesday February 7th, 2012 10:26 German industrial orders buoyed by global demand (AP)
AP – The German government says strong demand from outside the eurozone helped the country’s industrial orders rise a stronger-than-expected 1.7 percent in December.
