Last night, Republican presidential hopeful Mitt Romney said that President Obama would like to turn the U.S. into a social welfare state. But even if he wanted to, how much impact does a president have on the economy anyway?
Yahoo has a new CEO — Scott Thompson — current head of eBay's online payment system, PayPal. Thompson replaces Carol Bartz, who was fired from Yahoo in September.
Iran has repeated its threat to block the Straight of Hormuz where about a-fifth of the world's oil passes through. In Italy today, investors seemed happy to buy up the country's debt.
