Diane Swonk, chief economist with Mesirow Financial, tells us why new unemployment claims sunk last week, and what if it means more good news on the horizon.
Fed Chairman Ben Bernanke spoke last night about the need for the U.S. to learn about financial responsibility from emerging economies. He also said such nations need to start thinking more globally.
Things in Europe are looking up, as German leaders have agreed to extend the proposed eurozone bailout fund. But the victory might have damaged Angela Merkel politically, hurting future progress.
One possible, partial solution to the global debt crisis will in part involve developing BRICS nations. But are countries like South Africa ready for that financial burden?
The European Union leaders had decided on a bailout plan to save their economy, but it had to wait for the German parliament to ratify the deal. That was not set in stone.
The Labor Department reports this morning that first time unemployment claims are down. But the joblessness problem in America is far from being solved.
A new plan to solve the eurozone debt problems involves a tax that takes from the rich and gives to the poor. But British people worry such a tax will damage their financial system.
New unemployment claim numbers are down over by 30,000 this week, but the overall number still hasn't dipped back down to safe levels for the job market to grow.
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