Plans to cut debt have failed nearly everywhere I look.
Greece is obvious enough and a government collapsed over it.
Spain is obvious enough and a government collapsed over it.
Italy is obvious enough and a government collapsed over it.
Portugal is obvious enough and a government collapsed over it.
US is obvious enough and the failure of the super-committee to come to agreement is proof enough
JP Morgan Chase & Co. (JPM), Bank of America Corp (BAC), Citigroup Inc. (C), and Wells Fargo & Co. (WFC), the four biggest banks in the US based on assets, are about to be subject to even tighter regulations from the Securities and Exchange Commission (SEC), according to The Wall Street Journal.
LONDON (AP) — Britain's unelected House of Lords on Monday dealt a strong defeat to the government of Prime Minister David Cameron by voting to delay a cut in tax credits.The 307 to 277 vote in favor of halting the cuts puts the House of Lords in a rare clash with the House of Commons, which backed the measure supported by Cameron and his ministers as part of the deficit reduction plan.
If an American strike on Syria does take place, it would be heavier than originally planned because Assad’s regime has been given time to disperse its forces, officials have briefed the U.S. press.
But British Foreign Secretary William Hague warned of an “alarming moment in the affairs of the world” on Sunday if no country is prepared to take military action over the poison gas attacks in Syria.
That would be a very alarming moment in world affairs
By DAVID STRINGER
LONDON (AP) -- Britain will delay a program to upgrade its nuclear defenses, reduce the number of forces it can deploy on combat missions and cut thousands of troops in a sweeping overhaul of the country's military, Prime Minister David Cameron said Tuesday....