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Top Stories Romney handily wins Nevada Republican caucus Republican frontrunner easily defeats Newt Gingrich in the Nevada Republican caucus, building his lead in his bid for the party’s nomination to challenge President Barack Obama in November. Russia, China veto U.N. resolution against Syria U.S. President Barack Obama calls on Syria’s president to step down accusing the regime of murdered hundreds of its own citizens on Friday. Thousands of Russians protest Putin’s candidacy Demonstrators turn out in below-freezing temperatures to protest the prime minister’s bid for another presidential term. NewsWatch: U.S. stocks follow win streak with focus on Europe Cisco, Coca-Cola, Disney and Visa are among bellwethers set to report results amid expectations for market gains to continue; resolution of Europe’s debt crisis is expected to drag on. See All Top Stories >> |
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The wave of austerity measures, cost cutting, and tax increases across Europe, Asia, and the United States may be getting ahead of itself. On the plus side, plans to get the “fiscal house in order” have been pushed off to a more reasonable timeframe. Don’t forget, the IMF and ECB were looking for Greece to get back under 3% debt to GDP by 2012 initially. As it became evident that more countries were in trouble, the timeframe was pushed out. Ho... full story >>