Samuelson: Irish Crisis Menaces Economic Recovery
… and why it menaces recovery.
Read more on Newsweek
US cable TV bleeds subscribers as online grows
The economic downturn has US cable television companies shedding subscribers in record numbers and Americans increasingly “cutting the cord” in favor of cheaper online options, new research shows.
Read more on Brisbane Times
Irish rescue talks enter the final hours
By Peter Graff and Lorraine Turner
Read more on Reuters via Yahoo! Singapore News
Thomas Cook chief Manny Fontenla-Novoa is looking east
‘We’ve done India. We’re doing Russia this year and we’ll probably look to do something in China in 2012′.
Read more on Daily Telegraph
Unsound Money in China
The Aussie market is bouncing – rather mildly – off multi week lows today. Funnily enough, it’s been all down hill for the ASX200 since Ben Bernanke announced part two of the Fed’s large-scale money printing program in early November. Since that announcement, the index has fallen around 4.4%.
Read more on The [...]
Reinforcements join crackdown on Rio drug gangs
Rio de Janeiro’s slums saw sporadic violence as hundreds of soldiers and police joined a widening crackdown on drug gangs that has killed at least 34 people in less than a week.
Read more on Brisbane Times
Ireland nears rescue, Portugal denies it next
By Dave Graham and Sergio Goncalves
Read more on Reuters via Yahoo! Singapore News
FOREX-Euro hits fresh 2-mth low as periphery worry grows
* Euro slides to fresh two-month low vs dlr
Read more on Reuters via Yahoo! Singapore News
Asia stocks rise on U.S. shopper hopes, dollar up
Asian stocks rose from 1-1/2-month lows on Thursday, with buying focused in the tech and retail sectors on hopes for a busy U.S. shopping season, though the falling Australian dollar was an indication of investors’ reduced willingness to take risks.
Read more on Reuters via Yahoo! News
Europe’s Robust Common Currency – Why The Euro Will Survive The Crisis
Europe is gripped by a sense of alarm, now that Ireland has become the second euro-zone country to ask for a bailout. Pessimists claim that the crisis means the euro is finished.
Read more on Free Internet Press