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May 10, 2016 Greek debt analysis shows serious concerns over its sustainability


There are serious concerns about the long-term sustainability of Greek debt, a document prepared by the euro zone's bailout fund showed on Monday, as finance ministers started a discussion how to make Greece's debt servicing...

May 10, 2016 Panama Papers reveal at least 36 Americans accused of financial crimes

Source: USA Today

The journalism organization behind the Panama Papers made available to the public for the first time Monday a massive database covering more than 360,000 people and companies that have used off-shore accounts to hide assets,...

May 10, 2016 Fed's Kashkari says current U.S. interest rates 'about right'

Source: Reuters

Minneapolis Federal Reserve Bank President Neel Kashkari on Monday signalled his support for the cautious and patient approach to rate hikes laid out by Fed Chair Janet Yellen, saying the current stance of monetary policy is...

May 9, 2016 Gas prices climb to six-month high, AAA reports

Source: SouthMdNews

Gas prices Monday were at their highest levels in more than six months, and the national average has remained above $2 per gallon for 40 consecutive days.

May 9, 2016 Leading Economists Wrong To Claim Tax Havens Serve No Useful Economic Purpose

Source: Forbes

There’s a letter to world leaders from a group of leading economists which insists that tax havens serve no useful economic purpose and thus everything should be done to close such tax havens down

May 9, 2016 Are State and Local Governments Really Underfunding Their Pensions? Yes, Really.

Source: Forbes

If state and local governments had to fund using corporate pension rules, their contributions wouldn’t be 4 percent of total government budgets but over 20 percent.

May 9, 2016 Executive pay ‘rubber stamping’ rife

Source: Financial Times

According to several non-profit groups, and a handful of outspoken fund managers, shareholders are fundamentally unable to rein in excessive pay at the biggest companies.

May 9, 2016 Saudi Arabia Forges Ahead With Government Shake-Up

Source: Wall Street Journal

RIYADH—Saudi Arabia forged ahead a far-reaching government shake-up this weekend, adding to a barrage of proposals aimed at overhauling the economy and convincing legions of young people that change is coming to the conservative...

May 9, 2016 China Stocks Sink on Trade Data to Extend Biggest Global Tumble

Source: Bloomberg

China’s stocks capped their biggest two-day loss since late February, led by commodity producers and industrial companies, as trade data disappointed and the People’s Daily warned about the country’s rising debt in a front-page...

May 9, 2016 Federal Reserve Uneasy about Economic Outlook - for the U.S. economy in 2011, but deferred taking any new steps to boost the recovery amidst intense internal debate about what to do next. Fed officials signaled at the end of their one-day policy meeting...

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