Written by As Facebook starts to host all sorts of commerce — and is now mandating the use of its currency — perhaps it’s time to stop thinking of it as a company and start thinking of it as a country. READ MORE »
Posts tagged economic
U.S. recovery slowdown a ‘concern’: Carney
Bank of Canada governor Mark Carney said Friday the slowdown in the U.S. recovery is of “some concern” to the central bank and whatever unfolds will have a “significant” impact on this country’s economy. READ MORE »
Imports surge in China
China’s imports leapt in August, boding well for a strengthening of domestic demand in an economy that has become a major driver of global growth. READ MORE »
Regulators tell banks to restrict dividends, buybacks: report
Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry, the Financial Times reported on Wednesday. READ MORE »
Clinton: Tax deal the best we can reach
Former President Bill Clinton took to the White House podium Friday and delivered a ringing endorsement of the tax compromise struck earlier this week by President Obama and Republican lawmakers.
“The agreement taken as a whole is, I believe, the best bipartisan agreement we can reach to help the largest number of Americans,” Clinton said. READ MORE »