The Simple Accountant submits:With so much attention drawn to the ongoing political theater surrounding the debt ceiling, the financial markets were out of the spotlight last week, but there was plenty of action to consider.Week in ReviewStocks: It wasn’t the best of performances for the major US equity indexes. All of the broad indexes were off 2% or more, with volume picking up from the prior week.
The Continuity 24×7 app enables directors and managers to download their contingency plans for crises including floods, fires, pandemics and cyber-attacks on the move and wherever they are in the world.
Britain is stepping up its contingency plans in case the eurozone breaks up, even though analysts believe that only Greece is currently at risk of departing the 17-nation bloc over the debt crisis.A senior official at Britain's financial watchdog, the Financial Services Authority, said Thursday that Britain's banks were drawing up plans for the possible dismantling of the eurozone, but did not elaborate.
World stocks briefly hit a one-week high on Thursday as optimism on consumer demand boosted Wall Street, while the yen fell broadly after expectations rose Japan might announce additional monetary easing steps