Obama: Ensuring A Fair Shot For Middle Class – Transcript
In this week’s address, President Obama told the American people that the United States succeeds when everyone gets a fair shot, does their fair share, and engages in fair play.This is why the President nominated Richard Cordray to lead a new consumer-watchdog agency designed to protect families...
Read MoreNepal: Ensuring Rapid Rate Of Terai’s Economic Growth – Analysis
By Hari Bansh JhaDuring the planning period beginning from 1956, investment by the government for the economic growth of the peripheral Terai region remained quite inadequate. Perhaps, this is one of the important factors responsible for the present economic crisis in the country in which extrem...
Read MoreAn Idiot’s Overview Of Why Western Capitalism Is Crashing – OpEd
The idiot of the headline is me in the sense that I am not an economist and have never had any formal association with study of the theory and practise of economics, but… I began to understand why what is today called Western capitalism was bound to crash way back in the early 1970′s when I was rese...
Read MoreEU Divided Over Latest Deal To Save Eurozone
By Lisa BryantStock markets and the value the euro currency rose after most members of the European Union agreed to a new deal Friday, increasing their economic ties to save the struggling eurozone. But reaction is mixed about the agreement, cobbled together after marathon talks among European l...
Read MoreAnother EU Summit Fiasco – OpEd
When the book is finally closed on this week’s EU summit, it’ll be interesting to see what people remember the most. Will it be the proposed changes to the Lisbon Treaty, the new steps towards fiscal integration or the disgraceful behavior of David Cameron?My money’s on Cameron. The UK’s brash P...
Read MoreThe Euro: That Procrustean Bed – OpEd
By Adrian SalbuchiEfforts by European leaders to shoe-horn a range of diverse countries into a rigid financial cage are doomed to fail. But that’s all part of a long-term plan for a global super-currency which can only bring more hardship to ordinary working people.A question that more and m...
Read MoreThe EU Summit: Failed Or Not?
By Chernitsa PolinaThe first day of the EU summit to approve a change in the Lisbon Treaty has brought no breakthrough as the bloc`s 27 members failed to agree on the issue. The reform was vetoed by Great Britain. Meanwhile, the participants have decided to form a new fiscal union. An initiative...
Read MoreAll EU Nations Except UK To Join New EU Budget Deal
The European Union said Friday, December 9, that 26 of its 27 member countries are open to joining a new treaty tying their finances together to solve the euro crisis. Only Britain remains opposed, creating a deep rift in the union.In marathon overnight talks, the 17 countries that use the euro ...
Read MoreEU Leaders Announce New Fiscal Agreement
By Svetla DimitrovaAfter failing to muster the needed unanimous support for changes to the EU treaties, European leaders agreed on a fiscal pact based on an intergovernmental treaty among at least 23 of all 27 members of the bloc."The euro area 17 members, plus six more, will conclude an in...
Read MoreEuropean Debt Crisis Summit Starts
European leaders have started a two-day summit in Brussels in the latest effort to resolve the continent's debt crisis and save the euro.Some officials have described the European summit as a moment of reckoning for the common currency, under siege by Europe's burgeoning debt crisis. But before...
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