[i]* Relevant detail: “The deal does not, and was not intended to, have any effect on the core problems facing the eurozone. There is still an urgent need to restore growth to economies which are hamstrung by uncompetitive business sectors, and continuous fiscal tightening. Recession still looms, especially in the southern economies.â€

October 28, 2011 5:30 PM
Friday's Mini-Report
By Steve Benen

Today's edition of quick hits:

* Europe hasn't been saved: “Sobriety displaced euphoria in Europe on Friday as new developments signaled that the debt crisis was far from over, deflating a market rally that had followed a show of resolve by European leaders. Italy was obliged to pay the highest rate in more than a decade to sell a new bond issue, a sign that investors remained wary of the country's political paralysis and a debt load equal to 120 percent of yearly economic output.â€

[i]* Happy Birthday, Danica May Camacho: “The world's seven billionth baby was born just before midnight Sunday in a government-run hospital in the Philippines.â€

November 01, 2011 5:30 PM
Tuesday's Mini-Report
By Steve Benen

Today's edition of quick hits:

* Greece was supposed to accept the Eurozone deal. It didn't: “The Greek government was plunged into chaos on Tuesday, as lawmakers rebelled against Prime Minister George Papandreou's surprise call for a popular referendum on a new debt deal with Greece's foreign lenders.â€

November 02, 2011 5:30 PM
Wednesday's Mini-Report
By Steve Benen

Today's edition of quick hits:

* The Fed keeps lowering projections: “The Federal Reserve significantly reduced its forecast of economic growth over the next two years, the latest in a long series of acknowledgements that the recovery from the 2008 financial crisis is taking much longer than it had expected.â€

November 03, 2011 5:30 PM
Thursday's Mini-Report
By Steve Benen

Today's edition of quick hits:

* Greek referendum scrapped: “After a tumultuous day of political gamesmanship, Prime Minister George A. Papandreou called off his plan to hold a referendum on Greece's new loan deal with the European Union and vowed to continue in office despite rumors he would resign and growing pressure from within his own party to do so.â€

November 04, 2011 5:30 PM
Friday's Mini-Report
By Steve Benen

Today's edition of quick hits:

* G-20: “World leaders attending the G-20 summit sent a strong message to Europe on Friday that it must do more to manage its spiraling debt and financial problems but offered no explicit help, saying the region's fate was in its own hands.â€

[quote]* G-20: “World leaders attending the G-20 summit sent a strong message to Europe on Friday that it must do more to manage its spiraling debt and financial problems but offered no explicit help, saying the region's fate was in its own hands.â€

The UK is Europe's US when it comes to economic lawlessness.
This whole thing has been precipitated by the US and UK.
Fortunately, Canada escaped by the skin of our teeth or we'd be in the same mess - no thanks to the Harpercrites.

I'll see what the spin is on CBC and CTV tonight but I did hear that Canadian taxpayers may be in the fray by way of the IMF.

UPDATE:

Harper says NO

If Harper says no publicly it mean yes through the back door.

Yeah... just like "No Bank Bailouts"... but they bought some $40 Billion in "Asset-backed Commercial Papers"... read: CREDIT SWAPS!

Harper's a sneak.

I think that's a typo - don't you mean "snake"?

November 07, 2011 5:30 PM
Monday's Mini-Report
By Steve Benen

Today's edition of quick hits:

* Political agreement in Greece: “Greeks awaited word on Monday on the formation of a unity government under a new leader after Prime Minister George A. Papandreou and his chief rival agreed to create a transitional administration to oversee the country's debt-relief deal with the European Union and then hold early elections. Mr. Papandreou agreed to resign once the details were completed.â€

November 08, 2011 5:30 PM
Tuesday's Mini-Report
By Steve Benen

Today's edition of quick hits:

* Italy: “Cornered by the European debt crisis, Prime Minister Silvio Berlusconi of Italy offered a conditional resignation on Tuesday, agreeing to step down but only after Parliament passes an austerity package demanded by the European Union, a move that could bring the country closer to early elections.â€

[quote][i]* More encouraging news back in the U.S.: “Job openings at U.S. workplaces rose to 3.35 million in September — the highest level since August 2008 — from 3.13 million in August, the Labor Department reported Tuesday. Overall job openings rose 22% from the prior year, with private openings up 23% to 2.99 million.â€

November 09, 2011 5:30 PM
Wednesday's Mini-Report
By Steve Benen

Today's edition of quick hits:

* Italy on the brink: “A day after Prime Minister Silvio Berlusconi offered his resignation in the face of rising global market skepticism, investors revolted Wednesday, suggesting they do not believe that even a new leadership could fix Italy's intransigent financial problems and revive its economy. Italian bond rates crossed a crucial level of 7 percent, prompting questions about whether Italy could soon need an international bailout.â€

* And speaking of funny, this Mike Tyson video mocking Herman Cain was hilarious.

This parody is a hoot. Kudos to Tyson.

I didn't know he had it in him. That was funny!

November 10, 2011 5:30 PM
Thursday's Mini-Report
By Steve Benen

Today's edition of quick hits:

* Italy: “Italy pulled back from the brink on Thursday, as lawmakers seemed poised to usher out Prime Minister Silvio Berlusconi and replace his government with a cabinet of technocrats most likely led by a former European Commissioner, Mario Monti.â€

November 11, 2011 5:30 PM
Friday's Mini-Report
By Steve Benen

Today's edition of quick hits:

* Europe: “With Europe under mounting pressure to act quickly to tackle its debt crisis, the leaders of Italy and Greece moved forcefully on Friday to reinvigorate their governments and show their sincerity about economic austerity. Financial markets rallied on the news.â€

November 14, 2011 5:30 PM
Monday's Mini-Report
By Steve Benen

Today's edition of quick hits:

* Italy: “With his country swept up in Europe's debt crisis and his once-mighty political capital spent, Prime Minister Silvio Berlusconi resigned on Saturday, punctuating a tumultuous week and ending an era in Italian politics.â€

* Several localities continue their crackdowns on Occupy protests, with especially contentious scenes in Portland and Oregon.

Did Portland move out of Oregon?