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IMF chief asks for more money to bailout Europe

Image of The IMF may need billions more to bailout troubled European banks.

The head of the International Monetary Fund (IMF), Christine Lagarde, has warned that the IMF may need billions in additional funding to ... continue reading

Global recession looms amid worrisome reports

Image of The global economy may be on its way to the second slowdown since World War II.

All signs point to recession. On Thursday, stocks slid on reports that manufacturing was down, particularly in Europe and China. And the ... continue reading

FREE Catholic PDF's - Home / Parish / School

Free Catholic PDF's - Home / Parish / School / Bulletin Inserts

HP changes leadership, Apotheker out, Meg Whitman in

Image of Leo Apotheker has been replaced by Meg Whitman as the head of HP.

Leo Apotheker is out and Meg Whitman is in, according to computer giant, Hewlett Packard (HP). HP announced the change today, replacing ... continue reading

Operation Twist simply explained

Image of Federal Reserve Chairman, Ben Bernanke.

The Federal Reserve is going to try pushing the interest rate on 10-year treasuries to a new low. Already at 1.95 percent, the Fed is ... continue reading

More insurance for the young, but less for the old

Image of President Obama signs the Affordable Care Act into law in this file photo.

There are 1 million young adults who now have health insurance thanks to changes in the law made under the Obama administration. Likewise, ... continue reading

European banks on brink of failure as fear takes hold

Image of Investors and depositors are withdrawing cash from European banks at a time when it is desperately needed.

Several of Europe's banks are on the brink of failure, as national governments race to do what little they can to prevent another global ... continue reading

Light Your Virtual Prayer Candle For a Loved One

Light Your Virtual Prayer Candle For a Loved One

U.S. markets continue slide

Image of U.S. markets are down Tuesday as investors fear a weakening economy.

Wall Street stocks were sharply down on Tuesday as investors reacted to a series of weak reports on the U.S. and world economy. ... continue reading

U.S. Economy sluggish, no end is sight

Image of Growth is slowing, fear is growing.

A government report, released Friday, shows the US economy is up, but not by much In a much anticipated speech on Friday, Ben Bernanke ... continue reading

GE snubs U.S., sells technology to China

Image of GE is betting that China will deal ethically with US developed advanced technology.

As reported by the Washington Post, General Electric (GE) has entered into a contract with China's state-owned aviation industry to provide ... continue reading

Warren Buffet has eureka moment in tub, invests $5B in B of A

Image of According to a statement released today, Warren Buffett has invested $5 billion in Bank of America.

Like the famed Greek mathematician, Archimedes, Warren Buffet has had an eureka moment while taking a bath. Whole soaking, and presumably ... continue reading

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