DR. Khashayar Shojaati
Economic Advisor & Financial Planner
Office: (310) 407-5300
The US is like a drunkard who charges to war with anyone who might pose a threat, ex-Senator and former US presidential candidate Mike Gravel says.
Public spending is under assault from the United States to Europe in the name of fighting deficits. Nobel Prize-winning economist Paul Krugman argues in his new book, “End This Depression Now!”, that the hysteria over the deficit will constrain an economic recovery in a time of high unemployment and stagnating wages.
(Reuters) – Leaders of major industrial economies meet this weekend to try to tackle a full-blown crisis in Europe where fears are growing that Greececould leave the euro zone bloc, threatening the future of the common currency. President Barack Obama, the G8 host, has urged European leaders repeatedly to do more to stimulate growth, fearing
Hewlett-Packard Co. (HPQ) is considering cutting as many as 25,000 jobs, or 8 percent of its workforce, to reduce costs and help the company contend with ebbing demand for computers and services, people briefed on the plans said. The number to be cut includes 10,000 to 15,000 from Hewlett-Packard’s enterprise services group, which sells a
U.S. stocks fell, sending the Standard & Poor’s 500 Index to the lowest closing level since January, amid a decline in a gauge of leading indicators and as Moody’s Investors Service is said to downgrade Spanish banks. Financial shares had the biggest drop in the S&P 500 among 10 industries as JPMorgan Chase & Co.
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