As President Barack Obama prepares for a big White House ceremony Thursday to sign the Jumpstart Our Business Startups Act, the pundit class is working hard to A) issue dire warnings that unsuspecting investors are going to get ripped off, or B) berate "liberal" critics for getting all Chicken Little on JOBS.
The Independent reports Finland warns of euro exit rather than pay debts of others
FINLAND would consider leaving the eurozone rather than paying the debts of other countries in the currency bloc, Finnish Finance Minister Jutta Urpilainen has said.
In a newspaper interview today she said she'd consider crashing her AAA-rated country out of the eurozone.
By Seth Mason:As I reported in a previous article, unemployment is a drain on consumer spending to the tune of $850 billion annually. As I argued in a follow-up piece, 8 million unemployed are set to exhaust their benefits by the end of next year, dragging down consumer spending by more than $1 trillion.
NEW YORK (Reuters) - Weakening business activity worldwide is hitting U.S. companies where it hurts, with more of them signaling disappointing results than at any time over the past decade. Many bellwether companies, including two Dow components, have come out in recent days with profit warnings, and the slowing in Europe has been cited as a major factor for those outlooks. For every company that has raised its second-quarter profit outlook, 3.6 have warned, the worst ratio since the third quarter of 2001, according to Thomson Reuters data. ...