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'Welcome To The Club': Trump Indictment Unprecedented In US. Abroad? Not At All
Saturday, April 1, 2023 - 7:46am | 558Former President Donald Trump said he felt like Elvis Presley after the song "Justice For All" — sung by imprisoned Jan. 6 insurrectionists — reached the top of the charts. But after his indictment, Trump may identify more with former French President Nicolas Sarkozy, ...
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French Voters to Favor Socialist Candidate?
Thursday, April 19, 2012 - 3:01pm | 510The French presidential campaign is entering its last and definitive leg as French citizens will cast their votes this coming Sunday, April 22 in a first round election that could see a first Socialist president in nearly 20 years. Socialist party candidate Francois Hollande and Conservative...
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Barron's Recap (4/14/12): Student-Loan Debt Drags on the Economy
Sunday, April 15, 2012 - 10:21am | 878This weekend in Barron's online: Student-loan debt drags on the economy, a look at Kohl's and Seagate Technology, and what America's top 100 financial advisors are recommending. Cover Story "What a Drag" by Jonathan R. Laing. Student-loan debt is compounding at an alarming rate. Last month the...
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European Central Bank Loans Euro Banks $712 Billion
Wednesday, February 29, 2012 - 9:18am | 852The European Central Bank provided euro zone area banks with another 530 billion euros ($712 Billion) in cheap loans on Wednesday. The European Central Bank (ECB) hopes that the low interest loans that it gave to 800 euro zone banks will give the euro zone economies a boost and lower the borrowing...
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French and German Economies Perform Better Than Expected
Wednesday, February 15, 2012 - 8:19am | 655For once there was good news coming out of Europe when France and Germany reported better than expected fourth quarter economic results. Although Germany's economy shrank by 0.2 percent, it was less than the 0.3 percent contraction that was widely expected. Germany also had its third quarter...
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ECB Not Printing Could be Best Option for Eurozone
Monday, December 12, 2011 - 1:43pm | 551US equity markets traded lower on Monday morning, as the US dollar index rallied roughly 1%. Commodities across the board showed weakness—gold dropped below $1670. The US dollar index is a measure of the dollar against a basket of other currencies. Perhaps contributing the most to the index's gain...
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How to Profit from United Kingdom's Veto of EU Treaty Changes
Monday, December 12, 2011 - 9:48am | 686British Prime Minister David Cameron has become the target of intense criticism over his veto of changes to the European Union treaty. Prime Minister Cameron said that he used his veto of the proposed EU changes at a meeting of European Union leaders on Friday in order to protect the interests of...
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Traders Guide to the European Politics: 4 Things You Need to Know
Thursday, December 8, 2011 - 3:59pm | 812European politics have been one of the main forces moving the U.S. markets in the past couple months. Traders have become accustomed to comments by politicians whose names are unpronounceable and daily rumors that can cause the Dow Jones Industrial Average to swing up and down hundreds of points...
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Germany vs the PIIGS
Wednesday, December 7, 2011 - 12:10pm | 475On Friday, Eurozone officials will meet at a summit to decide on possible treaty changes affecting the general makeup of the European Union. Market commentators and euro officials alike have built up expectations for the summit, and many may be anticipating a form of a grand bargain that would...
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Service Sector Suffering Due to Dollar Weakness?
Monday, December 5, 2011 - 12:37pm | 552On Monday, ISM Non-Manufacturing Composite for the month of November printed at 52.0, down from the prior reading of 52.9 and well below expectations of 53.8. The reading is a broad-based assessment of the state of the service sector in the US. Of its subcategories, the reading for employment...
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German Finance Minister Pushes for EU Treaty Changes
Monday, November 28, 2011 - 9:12am | 477German Finance Minister Wolfgang Schaeuble said the European Union needs to quickly enact treaty changes in order to better deal with the eurozone financial crisis. The German Finance Minister said that a treaty change was needed so that the European Union could have veto power over the budgets of...
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The Debt Dominoes Are Falling One By One
Tuesday, November 1, 2011 - 1:06pm | 932Back in July, I wrote about the debt dominoes starting to fall, but no one was caring that much. The article related to the problems in the U.S., where we eventually saw S&P downgrade U.S. debt. Yet, the issue of a debt domino is easily just as applicable to Europe as well. Last week, when...
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Why Europe Is Not Really Fixed
Thursday, October 27, 2011 - 11:15am | 1152Yesterday, it seemed as if all hope was lost in Europe, that the issues between the banks, Germany, France, and the ECB were too many to get a deal done. Then around 10 p.m. last night, the futures started to move higher, and we learned that Europe had reached an accord, at least for now. "The...
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The Great European Divide: Why Europe is a Lost Cause
Wednesday, October 26, 2011 - 12:12pm | 932We were "supposed" to get some kind of plan today out of Europe that would stabilize the financial markets, and have an actual concrete plan for saving the European Union from financial disaster. So much for that. Germany and France apparently still can not come to terms on a deal, and this mess...
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How to Profit From Second Threat to Downgrade France
Friday, October 21, 2011 - 7:36am | 865France was warned for the second time this week by a major credit rating agency that its valuable triple-A credit rating could be downgraded in the near future. Standard & Poor's was the latest credit rating agency to say that the eurozone's second biggest economy was in danger of being...