Tuesday, 21 September 2010


After Friday's Panic, Will Ireland Go the Way of Greece?: Some are already saying that the Irish situation seems to repeat that of Greece, where market panic exacerbated an already-bad debt problem. Others, though, say problems at the country formerly known as the Celtic Tiger are nowhere near those of Greece.


U.S. Exits Longest Recession Since World War II: More than eight million jobs were lost in the slump that was triggered by dodgy Wall Street mortgage investments. President Barack Obama said the end of the "Great Recession" would come as little solace to the millions of people who are still out of work


For the Unemployed Over 50, Fears of Never Working Again: Since the economic collapse, there are not enough jobs being created for the population as a whole, much less for those in the twilight of their careers.


The Illusion of Pension Savings: Texas saved millions of dollars this year after raising its retirement age for future hires and barring them from counting unused sick leave in their pensions.


Wall Street Faces a Grim Third Quarter: After two months bankers would like to forget, Wall Street may need a September to remember to avoid the worst quarter for investment banking and trading revenue since the peak of the financial crisis. "


The housing recession isn't over: The spate of foreclosures is particularly problematic since it continues to add to the housing glut. And until the number of homes on the market comes down, it's tough to imagine how sales and prices will improve all that dramatically.