Corruption watchdog group Transparency International released a report today admonishing big business to do more to crack down on corruption. The report slams companies from China and Russia along with American financial services corporations.
Spain nears a credit crisis, worldwide markets are down, and U.S. borrowing costs near zero. Some economists argue this economic instant is the best time for the U.S. government to invest in infrastructure projects.
The interest rate on 10 year government bonds is back up above 1.5 percent and Oil is down to $82 a barrel in New York trading. There are signs of a slowdown in Chinese manufacturing and continual uncertainty about the debt crisis in Europe.
May's jobs reports has worried investors worldwide about their short-term prospects. But there are more acute fears of a global slowdown, caused by what’s going on in Europe and emerging markets.
Author Daniel Gross says that pessimism about the U.S. economy is unfounded. The rise of China and the developing world doesn't harm the U.S., but helps us.