Weeks after social issues dominated Democratic talking points in the 2012 campaign, President Barack Obama refocused his message on his and his Republican opponent's approaches to the economy in an Ohio speech on Thursday. Obama didn't announce any new economic policy at Cuyahoga Community College in Cleveland.
So the financial crisis, Europe's inability to act in a big way to address its fiscal issues, and endless partisan bickering in Washington between Democrats and Republicans have prompted you to swear off stocks? Well, one school of thought argues, "Panicking never made anyone a dime." Further, "reacting" rarely results in an improvement in investment returns, hence with the above as a preface.
Fear of an impending "fiscal cliff" and a potentially drawn-out debate about raising the federal government's debt ceiling plus uncertainty about November's presidential election will lead to a 0.8 percent fall in marketing spending in 2012, Pivotal Research Group said Thursday. Advertising spending is expected to grow 2.4 percent in 2012, excluding the impact of the Olympics on national TV and political advertising on local TV, according to Brian Wieser, CFA with Pivotal Research. However, advertising spending growth would have reached 3.2 percent in 2012 were it not for the "nervousness among marketers in the period leading up to fall elections will restrain expansion because of the looming 'fiscal cliff'." That phrase refers to the end of tax cuts and automatic spending reductions that are set to occur simultaneously at yearend.
Helicopter gunships aren't the only things Russia is giving Syria; now the Kremlin is printing money for the cash-strapped Damascus regime.
(Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon defended the intent of the portfolio behind the bank's recent multibillion-dollar trading loss, telling lawmakers it was a genuine hedge that would make the firm a lot of money if a credit crisis hit. Dimon, appearing before the Senate Banking Committee on Wednesday, said well-intentioned traders poorly executed the hedge, and the bank's senior management failed to police the London office behind the trades
Iran will not compromise on the West's demand to stop enriching uranium to 20 percent, said Fereydoon Abbasi Davani head of Iran's Atomic Energy Organization. One of the crucial demands the western powers put forth is that Iran should restrict its uranium enrichment to 20 percent. Iran made it clear that it is not going to compromise on this key issue.
Spanish lender Bankia announced plans to sell its stakes in International Consolidated Airlines Group ( IAG ), parent company of British Airways and Iberia, a move which is seen as an effort to raise capital. The embattled bank is also planning to sell its stake holdings in other companies to ease the pressure of its mounting debts. It holds 5.4 percent in Iberdrola, the energy group which owns Scottish Power in the UK.
Greece's conservatives have regained an opinion-poll lead that could foreshadow the formation of a pro-bailout government committed to keeping the country in the euro zone, a batch of new surveys showed on Saturday. Greece was forced to call repeat elections for June 17 after a May 6 vote left parliament divided evenly between groups of parties that support and oppose the austerity conditions attached to a €130 billion bailout agreed with the European Union and International Monetary Fund in March
GCC: Can The Arab Gulf States Form A Political And Economic Union To Rival The EU And Shut Out Iran?
Iran's long conflict with its Arab neighbors in the Persian Gulf region reached a new low recently over a controversial proposal by Saudi Arabia to form a “union” of sorts with Bahrain.
Moscow’s Airport Battle: How The Kremlin Is Moving To Wrest Control Of A $5 Billion Facility From Oligarchs
Photo: Andrey Belenko When Moscow was the capital of the Soviet Union, Domodedovo was its smaller, mostly domestic airport. The international flights of state megacarrier Aeroflot and of the few Western airlines that flew to Moscow took off from Sheremetyevo. Today the tables have turned