In the (UK) Independent, Robert Fisk, who has wide contacts in the Middle East, reports on “secret meetings . . . by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on” an Arab scheme that “will mean that oil will no longer be priced in dollars.” In the most […]
Archive | Economy
Obama Administration Considering Tax Credits for New Hires
On the New York Times Caucus blog, John Harwood revealed that the Obama Administration is considering “a new package of tax cuts and other job creation measures.” Privately, Mr. Obama’s economic advisers are sifting options for a new package of tax cuts and other job creation measures to be unveiled in next year’s State of […]
Meredith Whitney: The Credit Crunch Continues
Bank Analyst Meredith Whitney in the Wall Street Journal: Anyone counting on a meaningful economic recovery will be greatly disappointed. How do I know? I follow credit, and credit is contracting. Access to credit is being denied at an accelerating pace. Large, well-capitalized companies have no problem finding credit. Small businesses, on the other hand, […]