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House defies Obama on payroll tax bill

Posted in Economy on 13th December 2011

U.S. Rep. Jeff Landry (R-LA) holds a sign during U.S. President Barack Obama's address before a joint session of Congress inside the chamber of the House of Representatives on Capitol Hill in Washington September 8, 2011. Credit: Reuters/Larry Downing

China’s Deserted “Fake Disneyland”; Shanghai Prices Down 40% from Peak, Inventory Clogs Market; Pollyannas Proven Wrong; Implications for US Dollar

Posted in Hot News on 13th December 2011

About 45 minutes outside of Shanghai are the deserted ruins of what was supposed to be the world's greatest amusement park. Rather, farmers have reclaimed the land planting corn and digging wells next to spires modeled right after Disneyland.Please take into account China’s deserted fake Disneyland Along the road to one of China’s most well-known tourist ...

Lawmakers reach tentative deal to fund government

Posted in Economy on 12th December 2011
A woman walks past the U.S. Capitol dome, seen through a porthole in nearby brick-work, in Washington, August 2, 2011. REUTERS/Jonathan Ernst

Tweet Email Print Factbox Factbox: Congress scrambles to wrap up 2011 Fri, Dec 9 2011 Related News Tax fight brawl heads toward expected deal: aides Fri, Dec 9 2011 Obama, fellow Democrats push tax cut extension Mon, Dec 5 2011 Analysis & Opinion Reading the muni CDS tea leaves Republican fiscal conservatism is a myth A woman walks past the U.S. Capitol dome, seen through a ...

Will Sarkozy Survive the First Round in French Elections? Regardless, Sarkozy’s Replacement Will Be Worse; Socialist challenger François Hollande Would Renegotiate EU Deal; Bickering Before Ink is Dry

Posted in Hot News on 12th December 2011

French elections are done in two rounds. The top two candidates by popular vote square off in round two. Things do not appear excellent for French president Nicolas Sarkozy, particularly for round two. Nonetheless, he might not make it that far.Le Parisian has the results of the most recent French Election Polls.Round oneFrançois Hollande 31.five%Nicolas ...

Euro zone deal overlooks a major threat: lousy growth

Posted in Economy on 12th December 2011

By Steven C. Johnson NEW YORK | Fri Dec 9, 2011 5:20pm EST NEW YORK (Reuters) - Stricter budget discipline in the 17 countries that use the euro is all well and good, but investors fear it won't provide what the euro zone needs most of all: More economic growth. Money managers say that means Friday's ...

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