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Italy’s goal of refinancing some 90 billion euros of long-term debt by the end of April is beginning to look within reach after months when the weight of its debt burdenlooked likely to tip the euro zone even deeper into crisis, Reuters reported. In spite of this month’s mass downgrade of most euro countries by credit [...]

BUDGET UNVEILED: Gov. Martin O’Malley yesterday morning released a $35.9 billion state operating budget that shifts $293 million to the counties to pay for teachers’ pensions, the Annapolis Capital’s Earl Kelly reports. The Gazette’s Steve Kelly looks at the highlights of O’Malley’s budget, focusing on all the new ways the governor plans to raise revenues. INCOME TAX HIKE: O’Malley said [...]

Robust growth in China helped stock markets rally strongly Tuesday, January 17 as investor fears of an abrupt slowdown in the world’s second-largest economy were eased. With Europe seemingly heading back into recession and the U.S. still to convince that it’s economy is improving, China is important to shore up the global economy as well as sentiment, [...]

It’s important to have one or more banking accounts with a reputable FDIC-backed bank or credit union. There are dozens of types of bank accounts to choose from, but if you’re trying to save money, there are a few types of accounts that can be particularly beneficial. Why Savings Accounts Are Important It should come as no [...]

Are you looking for investments that carry little risk? There are some choices available for you.  If you believe that investing in the stock market might not be for you, then you may be interested in considering some lower risk investments, such as a guaranteed investment certificate or GIC. A GIC is an investment that [...]

Top auditor PricewaterhouseCoopers has been fined a record 1.4 million pounds in Britain for wrongly telling local regulators for seven years that J.P. Morgan Securities was keeping client money safe.  The successful case brought by the Accountancy and Actuarial Discipline Board (AADB) is the latest sign of how regulators are taking a harder line on [...]

Eurozone banks deposited a record amount of overnight funds at the European Central Bank, official data showed Wednesday, Dec 28, as banks remain extremely wary of lending to each other. According to AFP, banks put 452.03 billion euros ($590.6 billion) on deposit for 24 hours at the European Central Bank, beating the previous record of [...]

By historical standards, our present economy is being driven by selling the “family jewels” rather than measured consumption commensurate with actual income. In recent years, income growth after inflation has been at or near zero percent. Contributions to economic growth have been largely limited to two factors: (1) rapid increases in asset prices (public equities [...]

Increasing exports has long been a campaigning point for the office of U.S. presidency. It is no secret that a sound trade policy must center on American-made goods hitting the shelves overseas. Every president of the last hundred years – Republican or Democrat – has understood this and searched for ways to boost exports. Recently [...]

If the United States were a business, it would be a dismal failure. Its stocks would be in the tank. The president and all of Congress would be fired. The stockholders (the American people) would have lost everything – all of their holdings. The doors would close, the workers would be laid off. The United [...]