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Economy News

Romney, mulling 2016 run, jabs Clinton and Obama

Washington - Mitt Romney, considering another presidential run, took swipes at potential 2016 rival Hillary Clinton on Wednesday for "cluelessly" conducting foreign policy, and said Barack Obama's brand of economics is hurting Americans.

Cleaning ladies first winners in new anti-austerity Greece

Athens - The reinstatement of the cleaning ladies at Greece's finance ministry was perhaps the most symbolic measure announced by the new anti-austerity government of Prime Minister Alexis Tsipras on Wednesday.

Eyeing elections as growth resumes, Spain PM takes swipe at hard-left

Madrid - Hailing Spain's improving economic health under his conservative government's stewardship, Prime Minister Mariano Rajoy warned austerity-weary voters against the temptation to back popular hard-left Podemos party in elections due this year.

Not by bread alone: Russians urged to go without for Putin

Moscow - Eat less, use beetroot instead of lipstick, swap French lingerie for Russian-made cotton panties and remember that hardships are a test from God.

Thousands march in Venezuela over economic crisis, shortages

Caracas - Demonstrators against Venezuela's economic crisis -- facing sky-high inflation and shortages of food and consumer goods -- took to the streets in their thousands Saturday, banging pots and demanding an end to President Nicolas Maduro's term.

Saudi rights still urgent issue after king's death, says Amnesty

Davos - As the world's powerful mourn the deceased Saudi King Abdullah, don't forget about the horrors inflicted on blogger Raef Badawi, Amnesty International head Salil Shetty told AFP in an interview Friday.

Jews, Muslims, Christians tackle religious violence at Davos

Davos - What do a rabbi, an archbishop, a top Islamic academic and former British prime minister Tony Blair have in common?

West trying to throttle Russia's economy, overthrow Putin: Kremlin

Moscow - Western countries are trying to use the Ukraine conflict to topple President Vladimir Putin and wreck Russia's economy, the president's spokesman said in an interview published on Wednesday.

Greece cannot rebound without debt cut: Syriza economist

Athens - Struggling Greece will never recover without a generous debt cut, despite what the country's creditors might think, the politician likely to become the next finance minister said Tuesday.

UN warns of growing inequality and joblessness

Geneva - Unemployment will rise by 11 million in the next five years due to slower growth and turbulence, the UN warned on Tuesday.

Richest 1% to own half of world’s wealth by 2016, says Oxfam

Paris - Wealth accumulated by the richest one percent will exceed that of the other 99 percent in 2016, the Oxfam charity said Monday, ahead of the annual meeting of the world's most powerful at Davos, Switzerland.

Swiss lose battle in currency war that could spread

Geneva - Historically neutral Switzerland's foray into the global currency war ended in defeat this past week after its central bank left markets shell-shocked by abandoning the franc's exchange rate floor, analysts said.

U.S. lawmakers to Cuba for cooperation mission

Washington - A delegation of U.S. lawmakers headed by Democratic Senator Patrick Leahy will travel to Cuba Saturday to explore bilateral collaboration following last month's historic detente between the long-term foes.

Op-Ed: Why we must care that half of public school students are poor

The Southern Education Foundation reports that 51 percent of all public school students are now on the federal free and reduced-price lunch programs, the highest percentage in at least 50 years. Why this matters:

Prospect of Greek electoral stalemate scares business world

Athens - Greece had been expected to finally limp out of recession after six painful years in the red, before it was unexpectedly plunged into a snap general election set for January 25.

Waiting in line to shop — A profession in Venezuela

Caracas - Shortages of basic goods and long lines of consumers hoping to buy them have spawned a new profession in crisis-hit Venezuela: waiting in line to buy things for other people.

'Like Christmas': Rush to cash in on soaring Swiss franc

Geneva - "It's like Christmas all over again!" enthused Vanessa, as she joined a swelling queue outside a currency exchange office in downtown Geneva Thursday.

US eyes more economic aid to Ukraine

Washington - The United States will provide a $1 billion loan guarantee to embattled Ukraine if the government remains on track with an IMF-backed reform program, the Treasury Department said Tuesday.

Croatia elects first woman president after tight vote

Zagreb - Opposition challenger Kolinda Grabar-Kitarovic was elected Croatia's first female president on Sunday, narrowly winning a tight run-off vote with a pledge to kickstart the EU country's ailing economy.

Conservative set to become Croatia first woman president

Zagreb - Opposition conservative Kolinda Grabar-Kitarovic was set to become Croatia's first female president Sunday after winning a runoff vote with a pledge to kickstart the country's ailing economy, exit polls showed.

Struggling Croatia holds tight presidential run-off

Zagreb - Croatians cast ballots Sunday to elect a president in a tight run-off between incumbent centre-left Ivo Josipovic and conservative Kolinda Grabar-Kitarovic, both pledging to help kickstart the newest EU member's ailing economy.

Op-Ed: Why the New Economy sucks — Jobs are back, but wages are not

We're gonna party like it's 1999! Or, at least, we're gonna add jobs like it's 1999. Back then, the U.S. was in a bona fide economic boom. But while some herald today's job growth as a new boom, we need to look at why wages are stagnant.

LatAm's cash transfer 'revolution' at crossroads

Montevideo - In the past generation, a mass exodus from poverty has transformed Latin America, the world's most unequal region, spurred on by innovative welfare programs that now face an uncertain future.

EU parliament head berates 'irresponsible' Merkel

Berlin - EU parliament president Martin Schulz, on Wednesday accused German Chancellor Angela Merkel of "irresponsible speculation" over suggestions that Greece may be allowed to exit the euro if the far-left wins elections this month.

Cameron, Merkel set for talks on EU, immigration

London - British Prime Minister David Cameron and German Chancellor Angela Merkel are set to thrash out his plans for renegotiating Britain's relationship with the EU when they hold talks on Wednesday.

Elections, bankruptcy, bank runs: (unlikely) 'Grexit' scenario

Paris - A government which refuses to pay its debts, bank runs and investors fleeing: that is what a Greek exit from the euro, or a 'Grexit', would look like according to economists, although most still believe it is unlikely.

Hedge fund founder shot dead in New York, son questioned

New York - A hedge fund founder was found fatally shot in his plush Manhattan apartment Sunday and his son later called in for questioning, police said amid press reports he pulled the trigger.

France's 75% 'supertax' quietly dies with few mourners

Paris - Once a flagship policy of French President Francois Hollande, the 75-percent "supertax" on top earners limps into its final weeks this month having sparked plenty of controversy but few economic results.

Brazil's Rousseff vows to tackle graft, boost economy

Bras - Brazilian President Dilma Rousseff kicked off a second term, vowing to tackle corruption and revamp the economy as her government reels from a series of setbacks.

Lithuania joins eurozone to seal ties with West

Vilnius - Lithuania switched over to the euro on Thursday, becoming the last Baltic nation to adopt Europe's single currency in a bid to boost stability despite fears of inflation and eurozone debt woes.
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The economic divide in Cabbagetown.
The economic divide in Cabbagetown.
Obama addresses Congress - State of the Union Address 2013
Obama addresses Congress - State of the Union Address 2013
Chuck Kennedy / White House
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
Comparison of debt in countries with the Euro as currency
Comparison of debt in countries with the Euro as currency
Occupy London: The piazza of St Paul’s Cathedral
Occupy London: The piazza of St Paul’s Cathedral
Eman Jueid / Aslan Media
US GDP  2010 to 2012
US GDP 2010 to 2012
UK - London: Occupy London  2012
UK - London: Occupy London, 2012
xpgomes9
Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway
Sen. Hatch  left  enjoys some Ogden chili.
Sen. Hatch, left, enjoys some Ogden chili.
Hatch DC office
Occupy London Stock Exchange
Occupy London Stock Exchange
Eman Jueid / Aslan Media
Berlin:  We are the Champions
Berlin: "We are the Champions"
President Barack Obama greets Rep. Gabrielle Giffords  D-Ariz.  as he arrives on the floor of the Ho...
President Barack Obama greets Rep. Gabrielle Giffords, D-Ariz., as he arrives on the floor of the House Chamber to deliver the State of the Union address at the U.S. Capitol in Washington, D.C., Jan. 24, 2012
Pete Souza / White House
Schoenholtz  Coronado  Reinhart  and Backus at the Economic Outlook Forum at NYU Stern on September ...
Schoenholtz, Coronado, Reinhart, and Backus at the Economic Outlook Forum at NYU Stern on September 3, 2014
Eurozone is lost in translation as EU collapses
Eurozone is lost in translation as EU collapses
The French Stock Market (La Bourse) in Paris
The French Stock Market (La Bourse) in Paris
Sebche on Flick'r
Geithner to leave in consideration of family.
Geithner to leave in consideration of family.
Coronado  Schoenholtz  Reinhart  and Backus at the Economic Outlook Forum at NYU Stern on September ...
Coronado, Schoenholtz, Reinhart, and Backus at the Economic Outlook Forum at NYU Stern on September 3, 2014
Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway
Republicans just can t seem to find it in themselves to share the nation s enthusiasm over the recov...
Republicans just can't seem to find it in themselves to share the nation's enthusiasm over the recovery.
Department of Labor