WASHINGTON – Striving to gain the upper hand on a crucial political issue, President Barack Obama is faulting Republicans for refusing to help him turn around the sluggish economy or support some proposed new tax breaks for businesses that the GOP has backed in the past.
Before taking questions, Obama was to open the session with [...]
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UBS outshines Deutsche Bank
UBS (UBSN.VX) flagged a return to client inflows by year-end as strong equities and currency trading gains helped it outdo Deutsche Bank (DBKGn.DE) and other rivals, which were hit hard by the European sovereign debt crisis.
UBS’s (UBS.N) strong second quarter investment banking results stood out against a weak performance at U.S. banking [...]
Greece’s big debt denial
Will Greece be able to dig out of its debt crisis? Not even the oracle of Delphi knows for sure.
From recent headlines, the ancient muse would have reason to feel optimistic: Greece’s first ventures back into financial markets since May were successful, calming market jitters. With two short-term bond sales over a [...]
20% of Americans hit by major economic loss
A new study released Wednesday estimates that 20% of Americans suffered a significant economic loss last year – the highest level in the past 25 years.
The new Economic Security Index looks at the interaction of three key variables that have a direct bearing on a person’s economic security: [...]
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