Retail sales down 0.2% in May in another sign of economic trouble – Los Angeles Times
Shoppers walk through the South Shore Mall in Braintree, Mass., on May 30. U.S. retail sales declined in April and May, pulled down by a sharp drop in gas prices. But even after excluding volatile gas sales, consumers increased their spending only modestly. (AP Photo/Stephan Savoia / June 13, 2012) By Jim Puzzanghera June 13, [...]
Euro Rises 2nd Day Versus Dollar on Greek Austerity Speculation – San Francisco Chronicle
June 13 (Bloomberg) — The euro strengthened for a second day against the dollar as speculation increased Greece may seek to modify its austerity program following the June 17 election in a bid to remain on the monetary bloc. The 17-nation currency also rose versus the yen as U.S. retail sales fell in May for [...]
Monti Calls on European Leaders to Emphasize Growth – New York Times
PARIS — Italy moved back to the center stage in the euro crisis on Wednesday, as Prime Minister Mario Monti called on European Union leaders to emphasize growth as the country’s borrowing costs rose sharply in a debt auction. Mr. Monti told the lower house of Parliament in Rome that leaders, who are to hold [...]
It’s Time to Solve the Student Loan Crisis – ABC News
If you’re worried about student loan debt, what it means for graduating seniors and for the future of our nation, congratulations. That means you’re paying attention. Now that Americans owe over $ 1 trillion in student debt, more than they owe on their credit cards, many people are beginning to see that our country’s current [...]
$125 Billion Spanish Bailout, And Guess Who Gets the Bill – CNBC.com
After clinching a $ 125 billion bailout for Spain’s banks, Prime Minister Mariano Rajoy flew to Poland on Sunday for the Spanish team’s soccer match, declaring “this matter is now resolved.” Samuel Aranda | Getty Images Not so fast, prime minister. On Tuesday, Spain’s long-term borrowing costs soared to their highest level since the country [...]
JPMorgan chief plans to apologize on Capitol Hill – Boston Globe
NEW YORK — JPMorgan Chase chief executive Jamie Dimon plans to apologize before members of Congress on Wednesday for a trading loss that has cost the bank more than $ 2 billion. He is also saying that the bank has taken steps to make sure it does not happen again. ‘‘We have let a lot [...]
Global shares rise on higher US market, Europe worries cap – Reuters
A Tokyo Stock Exchange employee looks at a monitor as he works at the bourse in Tokyo June 4, 2012. Credit: Reuters/Yuriko Nakao By Chikako Mogi TOKYO | Tue Jun 12, 2012 8:36pm EDT TOKYO (Reuters) – Asian shares rose on Wednesday, following gains in European and U.S. markets where bargain hunters bought beaten down [...]
Spain’s Record Yields Show Italy Bailout Risk as Crisis Spreads – Bloomberg
By Ben Sills – 2012-06-12T22:01:00Z Spain’s benchmark borrowing costs climbed to a record yesterday, raising the specter of sovereign bailouts for the government in Madrid and then Italy that would stretch European Union finances to their limit. The yield on Spanish 10-year government debt rose for a third day, touching 6.83 percent, the highest since [...]
Tarullo, Shadow Banking After the Financial Crisis
Governor Daniel K. Tarullo At the Federal Reserve Bank of San Francisco Conference on Challenges in Global Finance: The Role of Asia, San Francisco, California June 12, 2012 Shadow Banking After the Financial Crisis The three decades preceding the financial crisis were characterized in the United States by the progressive integration of traditional lending and [...]
World Bank: Euro-area crisis threatens emerging markets – Washington Post
June 12 (Bloomberg) — The euro region’s debt crisis has increased risks for emerging markets from Thailand to Turkey that also face domestic constraints, according to the World Bank, which cut its outlook for 2013 global growth to 3 percent. The Washington-based lender predicts the world’s economy will expand 2.5 percent this year, the same [...]
Recalls
- MKG Provisions is voluntarily recalling different brands of Atlantic Smoked Salmon due to possible health riskMKG Provisions of Miami, FL is recalling Atlantic Smoked Salmon Batch# 911 and Batch# 1478-69441 that has the potential to be contaminated with Listeria monocytogenes, an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, pregnant women and others with weakened immune system. Although healthy individua […]
- SERVICE BRAKES, HYDRAULIC FROM Magic Tilt Trailers, Inc.Recall for model: BOAT TRAILER […]
- Rural King Recalls Deer Corn Because of Possible Health RiskRural King Distributing of Mattoon, IL is recalling 205 tons of Deer Corn, because it has the potential to be contaminated with aflatoxin. Aflatoxin is a naturally occurring mold by-product. […]
- EQUIPMENT FROM Elgin Sweeper Company Inc.Recall for models: CROSSWIND J, CROSSWIND J, CROSSWIND J, CROSSWIND J, CROSSWIND J, CROSSWIND J, CROSSWIND J […]
- Tropical Valley Foods Issues Allergy Alert on Undeclared Milk and Walnuts in Next by Nature Dark Chocolate BananasTropical Valley Foods Inc. of Plattsburgh, NY, is recalling next by Nature DARK CHOCOLATE BANANAS, 3 oz. bags, due to undeclared milk and walnuts. People who have an allergy to milk and/or walnuts run the risk of serious or life-threatening allergic reaction if they consume this product. […]
GOV Q&A
- America's Most Wanted CriminalsTake a look at photos and descriptions of criminals who are most wanted by various government organizations. In some cases, rewards are offered. […]
- Report Your Change of AddressWhen you move, report your address change to the U.S. Postal Service, your state's department of motor vehicles, and other government agencies. […]
- Asian-Pacific American Heritage MonthIn May, we celebrate the culture and history of Asians and Pacific Islanders in the U.S. Find historic photos, learn about veterans, find teaching resources, and more. […]
- Popular Baby NamesThe U.S. Social Security Administration released its most popular baby names of 2012. "Jacob" and "Sophia" continue to top the list. […]
- U.S. Passport Information and ServicesApply for a passport. Renew your passport. Report your passport lost or stolen. Get the passport information and services you need. […]