Chain Restaurants Are Conquering France
by Wolf Richter • • Comments Off on Chain Restaurants Are Conquering France
Importing Fiasco
by Wolf Richter • • Comments Off on Importing Fiasco
Tsunami Broke off Giant Icebergs in Antarctica
by Wolf Richter • • Comments Off on Tsunami Broke off Giant Icebergs in Antarctica
Germany, Model Economy Du Jour
by Wolf Richter • • Comments Off on Germany, Model Economy Du Jour
Red-Hot Inflation Blows across the Pacific
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Downgrades Don’t Matter
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The Bailout Continues
by Wolf Richter • • Comments Off on The Bailout Continues
Fannie Mae—you already forgot all about it, didn’t you?—well, it just reared its ugly head again with its Q2 earnings report. Here is the most important number:
$5.1 billion in new bailout money from the U.S. Treasury—the eleventh quarter in a row it has received bailout money. That brings the total bailout money it received so far to $104.8 billion, with no end in sight.
US Gross National Debt jumps $238 billion in one day, now above 100% of GDP
by Wolf Richter • • Comments Off on US Gross National Debt jumps $238 billion in one day, now above 100% of GDP
Hatchet Jobs
by Wolf Richter • • Comments Off on Hatchet Jobs
The litany of layoffs among the largest banks continues. And it’s ugly. After announcements and rumors from Wall Street, the first European banks have come out to air their dirty laundry. And now, per the Financial Times, Royal Bank of Scotland (RBS) is adding 2,000 layoffs to the list. 63,000 by eight European banks so far. Something big is afoot.