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Zawya Dow Jones]--The Egyptian central bank's move to cut key rates signals commitment to jumpstart the economy, but is unwise, says Beltone Financial. Notes the rates cut of 50 basis points on Thursday, the third since August, was against its
Search Doug Wrenn Minimum wage fast food workers have recently garnered maximum news coverage this past week by supposedly walking out of their work places to strike and protest for a 100% increase in the minimum wage in many US cities. Come to find
In the speech, Summers said that before the financial crisis, the housing bubble was still not enough to create adequate demand. "Too easy money, too much borrowing, too much wealth," Summers said of the pre-crisis period. "Was there a great boom?...
Federal Reserve officials are closer to winding down their controversial $85 billionamonth bond-purchase program, possibly as early as December, in the wake of Friday's encouraging jobs report. /conga/story/misc/alerts_sixwide.html 239164 Fed
Photo / Thinkstock There's a guy with a shopping cart who stops by my apartment every day of the week. You can hear him shuffling down the street, opening and closing the big steel boxes that house the rubbish and recycling bins for every building on
He sells and services medical equipment, and does sterile drug compounding...For others, however, the economic slump from which the state is slowly recovering was just another in a series of challenges they have faced and conquered over the years.
Germany's nationwide minimum wage to be introduced by Chancellor Angela Merkel's third-term coalition risks killing jobs while failing to narrow income inequality, German economists say. The $11.55 per hour wage floor set in her governing pact with
After years of frustrating fits and starts after the financial crisis and the Great Recession, the US job market finally appears to be on a path of steady but sustainable improvement. The unemployment rate in November fell to its lowest level since
This is the fourth consecutive week when the country's reserves have jumped and logged one of the sharpest spikes in recent times. In the week ago period, the reserves had risen by $2.691 billion to $286.26 billion. FCAs, which form a major part of
When Marc Elrich, a county councilman in the northern Washington suburbs, sought to raise the minimum wage, businesses threatened to move across the Montgomery County line to pay workers less. So Mr. Elrich did something that experts say is