New Yorkers suffer Sandy… and occupy it
One week after Sandy, estimated costs have climbed to as much as $50 billion. Some New Yorkers start movement Occupy Sandy to help those in distress.
Articles by Ana Fuentes
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Ana Fuentes
Ana Fuentes
Japanese SoftBank grabs Sprint in $20 billion deal
US Sprint clients can now expect some innovations cellphone users in Japan and South Korean have enjoyed for some years, already. After its acquisition by Japan’s Softbank, they might be able to pay their subway trips with their iPhone.
U.S. elections debates: Biden levels playfield for Obama
Vice president Joe Biden’s performance was too aggressive, according to most analysts, but fared better among voters that a mild-mannered president Barack Obama. The second US election debate put pressure back on the Republicans’ team.
Fed’s meeting and ruling on ESM, crucial rendez-vous
Morning! There’s a lot of event risk this week. Among things investors will be looking up are the Federal Reserve’s meeting and German Constitutional Court ruling about the legality of the European Stability Mechanism. It’s not that the court will rule against the ESM, but it could attach conditions that would make it react slowlier. “Investors are likely to keep focusing on the ECB’s plan as a roadmap, which it’s…
ECB’s plan and upbeat jobs report cause Wall Street euphoria… and skepticism
Markets rallied on Thursday after the ECB’s highly anticipated unlimited bond-buying program to contain the euro zone debt crisis. In the U.S, an upbeat job report and news from Europe made all three Wall Street indexes close at multi-year highs. However, some experts remain skeptical on how long the euphoria will last. “I think the market generally takes these things far too seriously,” John “Jack” Bogle, Vanguard founder, told CNBC….
Banking union: the new battleground for Europe
As European financial crisis enters a critical stage, should the ECB have the power to supervise all euro zone banks as well as those in non-euro zone countries that choose to become part of a single mechanism or shall it focus on monitoring only the big, systemic banks instead? European commissioner for economic and monetary affairs Olli Rehn believes in the first approach; German Finance Minister Wolfgang Schaeuble has rejected…
Moody’s warn for Europe and Draghi’s new hint
From stable to negative. Moody’s new rating for Europe puts the continent on notice and made some European stock markets slip on Tuesday. According to the agency, Germany, France, the UK and the Netherlands could stop fulfilling their obligations to the EU if the crisis worsens. These four countries account for about 45% of the EU’s budget revenue. “The creditworthiness of these member states is highly correlated, as they are…
Drought’s billionaire impact
Food prices have spiked so high in August that many people around the developing world are having troubles to feed themselves. In the U.S. meat has become a luxury for many and the Department of Agriculture expects beef and veal prices to rise as much as 4.5 percent this year, and as much as 5 percent in 2013. Livestock farmers are hurting and the pork industry is losing millions. The…
How Americans use their free time
Having breakfast, going to the office, running some errands, fixing dinner… routine looks pretty much the same in all developed countries. In the U.S. there is an interesting study (the American Time Use Survey) conducted by the Bureau of Labor Statistics about what people do in their typical working day. It measures the amount of time people spend doing various activities, such as paid work, childcare, volunteering, and socializing. It’s…
Forget goalfing, start tweeting
To become an interesting CEO you can prove to be a rare wine specialist, go fishing or pepper witty comments about Merkel and the Eurocrisis. But do you tweet? Only 20 CEOs out of Fortune 500 companies do. And according to a McKinsey Global Institute (MGI) report called The social economy: Unlocking value and productivity through social technologies that is the best strategy. MGI has found out that 72 percent…