3-13-2010 (Sat) Activities
- Greece debt: EU agrees bailout deal — Exclusive: Germany plays pivotal role in potential eurozone rescue package for Greek debts – Guardian.co.uk, Ian Traynor
- Germany’s Finance Ministry said on Saturday it was not aware of any agreement by euro zone members to bail out heavily indebted Greece, and the European Union’s executive said no such deal had been concluded – Reuters
- Greece Bailout Ping-Pong, No Deal Underway; Pension Promises Add To Greek Debt Woes; How Does Greece Compare To US? – Mike Shedlock
- Europe’s woes are WWII hangover — The Continent’s currency crisis is causing old rivalries to bubble up, pitting financially strong nations like Germany against some of the eurozone’s less disciplined members – MSN Money, Jon Markman
- Former European Commission President Romano Prodi tops a review of the week’s stories after saying that the worst of Greece’s financial crisis is over and other European nations won’t follow in its path - Bloomberg
- The Obama administration’s foreclosure prevention program eliminated 8.2 percent of the almost 1.1 million borrowers who arranged trial loan modifications through February, the Treasury Department reported. The program is short of the 3 million to 4 million at-risk homeowners Obama targeted when it was announced a year ago – Bloomberg
- An explosive report by a court-appointed examiner on the collapse of Lehman Brothers may prove to be a roadmap for prosecutors to bring criminal cases against the investment bank’s former executives, legal experts say – Reuters
- Washington events for March 15 – 19 – MarketWatch
- The week’s top videos – MarketWatch
- Top Videos of the Week – CNBC
- Yellen Is Spellin’ Future Inflation…….rather than excess money creation as the cause of rising prices, she focuses on the unemployment rate, the volume of new jobs being created, and the growth of the overall economy. For Ms. Yellen, inflation is caused by too many people working and too much economic prosperity – CNBC, Larry Kudlow
- >>>2010 Outlook: When Hope Turns to Fear: Part IV – SafeHaven, Ty Andros
- Google Inc. has drawn up detailed plans to shut its search engine in China and is “99.9 percent” certain of going ahead with the closure, the Financial Times reported today, citing a person it didn’t name. The company may make the decision very soon, while it will take time to carry out a closure to make sure staff don’t suffer reprisals from authorities – Bloomberg
- Plenty of new airports but few passengers in China –A construction spree brings flight service to some unlikely locales, and a hoped-for spurt in air traffic fails to materialize – LA Times, David Pierson
- The United States should rethink domestic and global financial regulation, Lawrence Summers, director of the White House’s National Economic Council, said on Friday, outlining six “imperatives.” – Reuters [imperatives listed]
- President Barack Obama, already battling for healthcare reform, jobs and financial regulation, said on Saturday he was also about to push forward on a major overhaul of U.S. education - Reuters
- Israel’s relationship with the United States, a defining feature of the troubled Middle East, was under severe strain as diplomats scrambled on Saturday to save newborn U.S.-brokered peace talks with the Palestinians – Reuters
- Is the Fed blowing bubbles? With interest rates hovering at historic lows, some economists and investors fear the Fed’s easy-money policy could create another asset bubble. But others don’t see a need to hit the panic button just yet – CNN Money, Chris Isidore
- REITs show rising prices but growing risks – Washington Post, Jeffrey R. Kosnett
- Most big employers plan to shift a larger share of health-care costs to their workers next year, according to a survey released Thursday – Washington Post, David S. Hilzenrath
- House Majority Leader Steny Hoyer said Friday that Democrats have not been able to broker a deal between pro-life and pro-choice Democrats on the abortion language in health care reform, and will move toward a final vote without resolving the issue - Politics Daily, Patricia Murphy
- [Marco Rubio] The Conscience of a Florida Conservative — The would-be senator on his own political rise and how the Republican Party can show it deserves to govern again – WSJ Opinion Interview, Collin Levy
- Oh, brother — Shining a harsh light on Lehman’s bankruptcy – Economist
