Tag: business

670,000 Without Power in NYC; Flood Crests 13.88 Feet, Besting 1960 Record of 10.02 Feet; Wall Street Flooded
October 30, 2012 0

670,000 Without Power in NYC; Flood Crests 13.88 Feet, Besting 1960 Record of 10.02 Feet; Wall Street Flooded

By News Desk

Please consider Hurricane Sandy’s Waters Flood Blacked-Out New York City . Hurricane Sandy sent floodwater gushing into New York’s five boroughs, submerging cars, tunnels and the subway system and plunging skyscrapers and neighborhoods into darkness. Two deaths were reported in Queens and more than 670,000 were without power in the region as of 11:30 p.m.

New Definition of "Sustainable" is Six Months; New Word Needed to Replace "Haircut"
October 27, 2012 0

New Definition of "Sustainable" is Six Months; New Word Needed to Replace "Haircut"

By News Desk

For a look at revised definitions, please consider German finance minister rules out Greek debt "haircut" German Finance Minister Wolfgang Schaeuble ruled out public investors accepting a debt restructuring, or "haircut", on their Greek bonds but said in an interview to be aired on Sunday that a debt repurchasing program could be considered. "(A haircut) is a discussion that has little to do with the reality in the member states of the euro zone," Schaeuble said in an interview with Deutschlandfunk radio.

Spanish Home Loans Plunge 28.5% to Record Lows; Brussels Revises Spain’s Deficit Upward to 9.4% of GDP
October 24, 2012 0

Spanish Home Loans Plunge 28.5% to Record Lows; Brussels Revises Spain’s Deficit Upward to 9.4% of GDP

By News Desk

Today we learned from El Pais English edition that Brussels Revises Spain’s Deficit Upward to 9.4% of GDP The European Union’s statistics office, Eurostat, on Monday said it had revised Spain’s public deficit for last year upward from 8.5 percent of GDP to 9.4 percent to reflect state injections of capital into nationalized banks. That put Spain on a par with Greece and only behind Ireland, whose shortfall was 13.4 percent of GDP, in the EU