Is there any good business news to report these days? Frankly, there is not. Even if there were it would pale in comparison to steep decline we’ve seen on Wall Street in the past two days. Sadly at this point the only people the American people have less sympathy for than politicians is folks on Wall Street. [...]

Greece is still in a sticky situation. When the IMF members meet this week, they will decide on the fate of this Mediterranean country, and how to deal with its onerous debt. If Greece defaults on its debt and drops out of the Euro zone, the complications for business around the world could be catastrophic. [...]

Global business and business to business trading has not suffered much from the ongoing Jasmine Revolution, despite fears that oil will push up to $120 per barrel. As rebels have taken control of important oil ports, the price of crude has dropped. If the rebel offensive can successfully navigate through Sirte, Gadhafi’s hometown, hopes are [...]

The oil business to business hasn’t really suffered from Libya’s unrest. While a 10% rise in oil prices is supposed to drop global GDP by a quarter of a point, the 4.5% growth won’t be badly affected, even if oil rises to $150 a barrel.  There has been much reassurance from the Saudis that they [...]

As the Arab world continues its revolution and Qaddafi grows more and more irate watching power slip through his fingers like sand, economies are growing nervous. Oil just hit $100 a barrel. Saudi Arabia is ready to make up for the shortfall, as it talks to European oil companies. High oil business prices are poised [...]

This is an important time in American history. Depending on how we recover from the Great Recession, which we have already begun to do (but still have a long way to go), the next ten to twenty years will be dramatically affected. Unemployment is still absurdly high. The budget deficit is another large issue. Together, [...]

Ireland made headlines as the government took control of Allied Irish Banks, which was once the country’s largest. It will have a $4.85 billion injection of cash taken from pension reserves to prevent further loan losses. It will also be delisted on major stock exchanges. This comes as Spain and Portugal’s credit ratings are downgraded [...]

A 59-page proposal ominously entitled “The Moment of Truth” is a new partial solution to our deficit. By 2020, the report explains, the U.S. Government will have 200,000 less jobs, and seriously trim defense spending.A reduction of $4.1 trillion is expected if the proposal passes. Tax breaks, especially mortgage-interest deductions will be changed, and a [...]

The speaker of the house in waiting, John Boehner, is in no rush to assume the gavel. He has learned from past speakers (Nancy Pelosi and Newt Gingrich) that aggressively assuming the spotlight is not be the best way to win popularity. It seems he is wants to avoid press and expectations so that he [...]

As the latest G-20 summit conference comes to an end, there remain tensions about America’s quantitative easing, and the role of the emerging Asian powers. But as the latest Economist points out, China needs to keep buying, and America needs to keep spending. The notion of state communism buying out capitalistic markets may be frightening [...]