All Posts Tagged Tag: ‘Economy’

Russia Boosts Ukraine Economy with $15 Billion Loan

Over the past month, Ukraine has faced its largest series of anti-government protests since the Orange Revolution in 2004, where thousands of citizens protested what appeared to be a corrupt and fraudulent presidential election. This series of protests are not the result of election fraud, but rather outrage against current president Viktor Yanukovych and his decision to not sign the …

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World Economy To Continue Modest Growth in 2014

Since the economic downturn that began more than five years ago, the world economy has struggled to lurch forward. There are signs, however, that the global economy is beginning to pick back up, albeit slowly. Market research firm IHS today released top economic predictions for the coming year. Among them is the prediction that the global economy will grow 3.3% …

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Ukraine Protesters Gain Traction; Police Back Down

Early Wednesday morning, riot police in Ukraine’s capital, Kiev, withdrew from two separate areas where protesters were demonstrating. This move by the police signifies progress being made on behalf of the Ukrainian opposition party, which has seen brutal crackdowns during their protests over the past month. Many of the protesters are optimistic that this withdraw of troops represents a shift …

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Janet Yellen Approved for Fed by Senate Committee

Thursday morning, the Senate Banking Committee approved Janet Yellen’s nomination to become the next Chair of the Federal Reserve by a 14 to 8 vote. This vote comes as no surprise to political pundits, especially seeing as Democrats hold 12 of the 22 seats on the committee and Yellen has been supported by Democrats and Republicans, alike, before the vote …

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Yulia Tymoshenko Case May Delay EU Agreement

Ukraine was one of the fifteen satellite states compromising the Soviet Union from 1922 to the dissolution of the of the USSR in 1991. Since that time, Ukraine has been trying to find its footing as an independent European nation, a journey which has been wrought with struggles due to its proximity to and past with Russia. In 2004, Ukraine …

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China to Shift Economy, Loosen One Child Policy

A reform document released by China’s Communist party, after a four day-long meeting of its top officials, includes a flood of sweeping changes to reportedly attempt to undo decades of failed expansion plans, according to Reuters. Among the reform plans are allowances that would accelerate capital account convertibility and scrap residency restrictions in small cities and townships. There are also …

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Elizabeth Warren Speaks Out Against Wall Street: Too Big Too Fail Is Even Bigger?

The view that initially got Elizabeth Warren elected to the Senate, her strict criticism of Wall Street, has surfaced again in a critical speech. Throughout her political career, she has continued to challenge the big banks, and has been viewed as a hero of the people from the work that she has done. Once again, Senator Warren slammed financial regulators …

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Americans’ Economic Confidence Dropped Sharply in October

Though Americans seem to be slowly gaining the confidence to spend more of their money, those same Americans are increasingly pessimistic about the U.S. economy. Gallup today released the results of its daily tracing poll for the month of October, showing that the pollster’s economic confidence index now sits at -35. This is down from -19 at the end of …

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Labor Department Reports 148,000 Jobs Added

The U.S. Labor Department finally released its September employment report Tuesday morning, having been delayed by the government’s 16-day shutdown, which began on October 1. According to the monthly overview, U.S. employers added 148,000 new job positions in September, a dismal comparison to the 185,000 jobs that were added each month last year. The most enterprising positions indicated in the …

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Janet Yellen Nominated to Lead Federal Reserve

As expected, President Obama announced Wednesday that he would be nominating Fed vice chairwoman Janet Yellen to lead the Federal Reserve. She would replace retiring chairman Ben Bernanke. “For nearly 8 years, Ben has led the Fed through some of the most daunting economic challenges of our lifetime…Against the volatility of global markets, he’s been a voice of wisdom, and …

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Obama Nominates Yellen To Fed Chief Position

President Obama will nominate the Vice Chair of the Federal Reserve, Janet Yellen, to fill Ben Bernanke’s position as chairman of the nation’s central bank when Bernanke’s term ends on January 31st. The fact that Janet will be the first woman to head the organization especially in the middle of the present economic climate is being widely discussed and, in …

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Food Stamps Cut: $4 Billion Cut by House

Millions of people could see their food stamps benefits decrease or go away after the House voted for $4 billion per year for the next 10 years in food stamp cuts. House Republicans introduced the new legislation earlier this week, and passed H.R. 3102, the Nutrition Reform and Work Opportunity Act, on Thursday with a 217-210 vote. The bill still …

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