By Qineqt:Hollande has become the first Socialist president of France since Francois Mitterand in 1981-1995. Hollande took 51.6% of the votes to defeat Nicholas Sarkozy. The polls for the last few months have been forecasting a similar result.
In response to Italians Cut Spending in Worst Christmas in 10 Years; Harsh Times Ahead for All Europe (an article translated from Spanish that had me puzzled about a number of things even though I could tell spending fell dramatically), reader Andrea offers a very nice explanation of just how bad things are in Italy.
I can help your readers better understand the reported "spending cuts in Italy".
Analysis: As austerity bites, Western Europe faces a near inevitable rise in protest and unrest in 2011 which is likely to hit markets and dampen weak governments' appetite for reform but not affect policies dramatically
The Department of Commerce has taken advantage of several
opportunities to support its commitment to Asia, an important region with some
of the world’s fastest growing economies.
Under Secretary of Commerce for International Trade Francisco
Sánchez visited Brunei this month for the
Association of Southeast Asian Nations (ASEAN) Business and Investment Summit. His message to the Summit
was that ASEAN remains an important partner to the United States and a key
player in the global marketplace.
As ASEAN looks to form an integrated economic community, the
United States wants to make sure every nation in the region understands
America’s commitment to ASEAN and the broader Asia-Pacific region. The United
States and ASEAN are working within the Expanded
Economic Engagement framework, designed to expand trade and investment ties
and create new business opportunities and jobs in all eleven countries.
The United States and the Commerce Department support the
important initiatives ASEAN is taking on to support the competitiveness of
small and medium-sized enterprises (SMEs). All governments in the region are
actively working to put greater emphasis on protecting intellectual property
and enforcing intellectual property rights. This encourages innovation, as it
ensures that SMEs will be able to profit from their ideas without worry of them
The stereotype is that Americans are more risk-loving and entrepreneurial than the less-rugged Europeans who instead seek shelter under the umbrella of the welfare state. Yet when I talk about the FDA I point out that for many decades (from say the late 1960s to PDUFA in 1993 and perhaps again more recently) the FDA lagged behind its European counterparts in approving new drugs. U.S.
Research Recap submits:
Moody’s new operational risk guidelines for global structured finance transactions could affect the senior ratings of up to 200 transactions worldwide. These transactions include around 80 RMBS, 30 ABS, 20 CMBS in Europe and 47 student loan ABS in the U.S., Moody’s said.