Former President Bill Clinton was in campaign mode at a Sunday fund-raiser with President Barack Obama to make the case for his re-election and double-team his likely Republican rival Mitt Romney.
The perpetual discussion about the ongoing battle between rich and poor, between the one percent and the ninety-nine percent, has generated a great deal of heat, but not much light. With The Great Divergence: America's Growing Inequality Crisis and What We Can Do About It , New Republic columnist Timothy Noah brings a well-reasoned array of high-wattage spotlights
Manufacturing activity indexes for April released Monday showed a further slowdown across the nation in a confirmation of a statistical trend seen in other data releases last week that points to weaker growth in April. Perhaps more worryingly, an index of business activity compiled by the Federal Reserve Bank of Dallas turned negative for the first time this year, weighed down by sharply more pessimistic views of growth potential in the future and a highly surprising drop in the number of hours worked by factory workers
If you thought metal prices -- and iron ore in particular -- were still all about China, you would be right. However, Brazilian monetary policy can make the difference between a profitable miner and one to avoid.
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Cairo has been one of the world's best-performing markets so far this year, even though a weak currency and even weaker central government have raised questions about Egypt's stability. [caption id="attachment_58275" align="alignright" width="300" caption="The landmark Cairo Citadel, Egypt"] [/caption] The Egypt fund ( EGPT , quote ) rebounded around the New Year, soared 48% in the first week of March and then gave back about half its gains as traders started worrying about weak growth and the prospect that political infighting would prevent the country from securing a key IMF loan package.
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Shares of Barnes & Noble ( BKS ) soared Monday morning after the book retailer announced that it would spin off its digital and college businesses into a new subsidiary. Microsoft ( MSFT ) will invest $300 million in the new division, giving it a 17.6 percent stake in the venture. The Daily Ticker's Daniel Gross and Henry Blodget discuss the deal in the accompanying video, and both are dubious that the new business will be successful.
China Eastern Airlines ( CEA , quote ) announced yesterday it will purchase 20 Boeing 777-300 extended-range aircraft ( BA , quote ) in a deal worth $5.94 billion. The purchase represents the latest coup for Boeing in sales to emerging market airlines over European rival Airbus. The Shanghai-based airline, China's second largest after Air China ( AIRYY , quote ), will complete the purchases in stages from 2014 to 2018 as it seeks to satisfy greater demand for long haul flights to and from China
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http://www.FT.com/ Amid the eurozone gloom, is Germany, the one bright spot, truly a model for others to follow?
http://www.FT.com/ Britons are about to elect 5,000 local councillors in a momentous mid-term test of sentiment towards the UK government's austerity programme.
After watching his parents struggle with their finances growing up, 23-year-old Zac Bissonnette has learned a great deal about how not to manage his money. In his new book, " How to be Richer, Smarter and Better Looking than Your Parents ," Bissonnette outlines the money "do's and don'ts" to help teens and young adults be financially savvy from the get-go