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World economy 27th June 2012

The consequences of the U.S. banks downgrade

NEW YORK | Last week 15 major banks, including the nation’s three largest institutions, JPMorgan Chase, Bank of America and Citigroup, which together have more than $6.4 trillion in assets, suffered credit ratings cuts by Moody’s. No matter their efforts to strengthen their operations since they received a warning in February, their core businesses still present structural weaknesses, the ratings agency said. Bank of America, which owns Merrill Lynch, and Citigroup,…

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World economy 26th June 2012

U.S. elections: the race to seduce Latinos

NEW YORK | Without Latinos the access to the White House in November is not guaranteed. They are 55 million Hispanic citizens in the U.S, according to the census, but they are more likely than other minorities to stay home on Election Day. Five months before the polls, both Republicans and Democrats are desperately struggling to seduce them. Despite the millions spent in TV and radio advertisement in Spanish, it…

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Markets 25th June 2012

BNP Paribas expects Spanish house prices lower than in audits’ base scenario

can you refinance mortgage with bad credit A drop of merely 10 percent in house prices between 2012 and 2014? BNP Paribas believes trends in Ireland and the US make the case for further value losses in Spain. Independent auditors of the Spanish banking sector Oliver Wyman and Roland Berger described their base scenario for the country's housing market in line with the International Monetary Fund's forecasts, and pointed at…

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aggregation line 23rd June 2012

Weekend link fest

A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions. Eurocrats, get your financial bazookas right now Markets are fast, but democracies slow –solving the euro crisis How investors can thrive as the eur ipad manual o zone burns Angela Merkel is drawing the…

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Spanish economy 21st June 2012

Too much government staff? Not in Spain

NEW YORK | In the debate over austerity and government spending some throw the question of 'oversized administrations'. Are there too many government workers in Europe? And in the U.S.? Should the numbers be reduced? The Spanish Secretary of State for public administration Antonio Beteta has apologized to the unions for suggesting last week that workers should “forget about having their morning coffee break and reading the newspaper.” It has…

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Interviews 21st June 2012

The art of deceiving the West without letting it to collapse

BEIJING | China is very good at persuading the international community. Current Chinese leaders had a great master: the strategist Sun Tzu who left a legacy on the art of seducing and wining. No matter what kind of cooperation Beijing has in mind, their main aim is to ensure that a win-win resolution is reached. Cooperating at the expenses of loosing some advantages is not an option. Therefore, one should not…

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World economy 19th June 2012

S&P: California’s aggressive austerity won’t solve its huge deficit

free advice on getting your ex girlfriend back NEW YORK | California's new fiscal year begins July 1 with a massive problem: a $16 billion hole, the biggest deficit of the 50 states. Without one budget in place, the Golden State would not be able to make certain payments to schools or pay salaries of officials and their staff. While part of Europe suffers from austerity, California's lawmakers are also…

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Markets 18th June 2012

US reax to “euro D-day” elections in Greece

ex gf goexback.com How to win back your ex NEW YORK | Hardly ever a small European country's parliamentary election has arisen that much attention in the U.S. Greece's vote on Sunday made the headlines in most American media, which have been following the european entangled crisis for the last months. The White House appeared to be sighing in relief. The worst case scenario for Washington (a quick and messy…

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Markets 15th June 2012

US financial firms will have to replace $800 billion by 2015

LONDON | US corporate borrowers have nearly $3 trillion in rated debt that will mature by year-end 2016, according to risk agency Standard & Poor's estimates. In its June report about refinancing needs in the US, S&P analysts said the overall issuance volume in the US is sufficient to refinance this term schedule, but there could be foreseen potential friction for two areas of the corporate credit market: the lowest rated…

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World economy 11th June 2012

IN DEPTH | Africans thriving for business, not development aid

make your ex gf come back NEW YORK | She has traveled from South Africa to New York, almost 8,000 miles (13,000 kilometers), to do some useful networking. Melanie Medell, who runs her own textile company in Cape Town, is one of the 47 African women from 37 countries participating in the third annual Africa Women Entrepreneurship Program (AWEP). During three weeks, they will engage in conferences and professional training…