Category: Economy
Belgium to Buy Dexia’s Local Consumer Bank for $5.4 Billion
Belgium agreed to buy the local consumer-lending unit of Dexia SA, ending a 15-year cross-border experiment with France after the European debt crisis deepened. The Belgiam federal government will pay 4 billion euros ($5.4 billion) for the division and guarantee 60 percent of a so-called bad bank to be set up for Dexia’s troubled assets, [...]
Unemployed? Check out these 9 hard to fill jobs
These days everyone is talking about the unemployment and how they are struggling to make ends meet. However, according to the latest CNNMoney report, there are a few jobs where employers are struggling to fill the positions and beware these are no low paying jobs either. Advanced Manufacturing Engineer Right now, GE is looking for [...]
787 Dreamliner becomes reality three years behind schedule
Boeing has delivered its first 787 Dreamliner to Japanese customer All Nippon Airways (ANA). Boeing says its carbon fibre design cuts fuel consumption by 20% and the plane gives passengers a more comfortable ride with better cabin air and large electronically dimmable windows. The first $200m plane arrived three years behind schedule after persistent delays [...]
Bernanke Backs More Stimulus, Citing `Weak’ Outlook
It seems another stimulus package is in the works. I am not sure if it would help the markets and we still have to see if the bailout package passed by the congress earlier has any effect on the economy.
McCain Offers Economic Plan
BLUE BELL, Pa. — Sen. John McCain today proposed $52 billion worth of tax breaks aimed at reducing the impact of stock market losses on the nation’s seniors, providing relief to the unemployed and encouraging savings. Under his plan, unveiled as he campaigned in a suburb of Philadelphia, seniors would pay lower taxes when they [...]
Bush to announce expanded bank bailout details
Bush administration plans to spend $250B of $700B bailout plan buying stock in private banks WASHINGTON (AP) — The Bush administration plans to spend an initial $250 billion of the $700 billion bailout buying stock in private banks, greatly expanding protections for the U.S. financial system out of deep concern for the faltering economy, industry [...]
What will the Candidates do with your money?
Even with the approval of the $700B bailout package for the US markets, the financial system is still not out of the woods. This package will shape every decision that future president makes with US economy as a whole and how it would change the way we manage our money and what we do with [...]
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