American Official To Lead Global Group On Finance ID Tag

American Official To Lead Global Group On Finance ID Tag

An American official will head a world-wide group given the task to launch a one-of-a-kind identifier for financial operators and banks, to provide regulators with a better picture of what their exposure is and ways to prevent a crisis. The chief counsel at the United States Office of Financial Research (OFR), Matthew Reed, would be […]

Ed Koch – Former Mayor Of New York Dies

Ed Koch – Former Mayor Of New York Dies

Ed Koch, the three-term mayor who assisted in bringing New York back from fiscal ruin during the 1970s and came to enthrall the city with his outspoken, wry style, died Friday Feb 1.  He was 88-years old. When Koch was mayor from 1978 to 1989, he was quick-witted, and  forceful with a trademark phrase, “How’m […]

European Debt Crisis Soro Says – “Euro Is Here To Stay”

European Debt Crisis Soro Says – “Euro Is Here To Stay”

George Soros, a highly outspoken critic of Germany’s proposed austerity policies to attempt to fix the European debt crises, said that the euro is here to say and will gain momentum while other nations try to devalue their currencies. Soros the man who made $1 billion US by shorting the British pound back in 1992, […]

Secret Transcripts – Show Lax Response To U.S. Financial Crisis

Secret Transcripts – Show Lax Response To U.S. Financial Crisis

Recently revealed 2007 documents unveil policymaker’s failure to grasp the severity of the 2008 recession. According to transcript’s recently American officials at the Federal Reserve, gravely underestimated the likelihood that the world economy would plunge into a financial crisis in 2007. On Friday, a series of transcripts from high-level meetings between policymakers  throughout 2007 was […]

Egypt’s Leader Predicts The Egyptian Pound Will Stabilize In Days

Egypt’s Leader Predicts The Egyptian Pound Will Stabilize In Days

The Egyptian pound fell to a record-low Monday as Egypt’s president advised that his government would let it depreciate slowly for a few more days to stop any drains on foreign reserves that have pounded down the economy into a crisis situation following the fall of Hosni Mubarak. Surged by a new round of political […]

Toyota Fined Again Because Of Safety Delays

Toyota Fined Again Because Of Safety Delays

The United States government has fined Toyota once again with a record US$17.4 million for delaying a safety recall and failing to report problems quickly to federal regulators. The National Highway Traffic Safety Administration, an agency that monitors vehicle safety in the United States fine is the maximum allowed by American law. It is the […]

Cow Deaths In Taranaki Caused By Urea Poisoning

Cow Deaths In Taranaki Caused By Urea Poisoning

It has been confirmed that Urea poisoning was the cause of last week’s deaths of 122 cows on a dairy farm in south Taranaki. The herd of 600 were owned by Catherine Cook, the 2007 Taranaki Sharemilkers of the Year. Stephen Hopkinson, the chief executive of the Taranaki Veterinary Centre, said that there were still […]

European Union Budget Talks Collapse After Riffs Over Funding Increase

European Union Budget Talks Collapse After Riffs Over Funding Increase

Following eight hours of negotiations in Brussels, talks ended in walkouts after MEPs refused to let go of demands for an additional £13.8 billion in European Union spending for 2012 and 2013. The break-down of the talks puts fresh doubts on if a major summit to agree to the European Union’s future funding from 2014 […]