ECB plan to buy sovereign bonds of euro nations under market attack marks significant shift in policy
Europe
Exclusive: Walt Disney Co. Considers Buyout of Struggling Disneyland Paris
Purchase of Euro Disney shares the company doesn’t already own would be first step in comprehensive turnaround strategy
Arthur Laffer’s Anti-Stimulus Curve Ball is a Foul
Economist Arthur Laffer, patron saint of tax cuts, is back, with an op-ed in the Wall Street Journal that he hopes will put the kibosh on future plans for government stimulus. Laffer, who had his heyday back in the Reagan years, …
9 Reasons Why This Economy Feels So Bad
The recent slump has been unusually painful, and the feeble recovery has been disappointing. But today’s economy seems even worse than it actually is
The Big New Idea for Saving the Euro
Giving Europe’s bailout fund a banking license would provide massive firepower to help flailing states, but proposal must first overcome deep German skepticism
Europe’s Debt Crisis Seems Bad? Look at Its Car Industry
Think the bleak news flowing from Europe’s debt crisis is depressing? Check out the region’s auto industry, whose tumbling sales and excess production capacities have many experts anticipating a spate of mass layoffs and …
Why a Euro-Zone Crisis Can’t Be Avoided Very Much Longer
Each postponement of financial disaster in the euro zone seems likely to last for a shorter time, and the U.S. won’t be able to escape the fallout indefinitely
Spain on Edge as Focus Shifts from Banks to State’s Finances
As Spanish antiausterity protesters take to the streets, financial markets switch focus from the nation’s messed-up banks to the wobbly state of its finances
LIBOR Rigging: What the Regulators Saw (but Didn’t Shut Down)
Why weren’t the first signs taken more seriously? Has there been a serious failure of regulation, or are there strong mitigating circumstances that could explain and justify the lack of resolute action?
Libor Manipulation: The Markets’ Worst-Kept Secret?
As fresh details continue to emerge about the Libor fixing scandal that has already claimed the head of Bob Diamond, the American chief executive of British bank Barclays, everybody, it seems, is shocked – shocked! – to …
U.S. Economy Adds Just 80,000 Jobs in June
The Labor Department released its monthly Employment Situation Report this morning, announcing that the economy added 80,000 new jobs in June – slightly less than what economists were predicting, and far too small a number to …
Has the European Slowdown Finally Hit the U.S.?
Many Americans are using the July 4 holiday as an opportunity to get away for the week, and there’s no better time to hide from dour headlines blanketing the financial press. Unemployment has hit a new record high in Europe, …