Italian Prime Minister Silvio Berlusconi is the latest world leader to announce he'll leave power — toppled by the increasing debt crisis in Europe. Like Greek Prime Minister George Papandreou, Berlusconi lost the support of his people and his government.
In a conversation with The New York Times, Leon Panetta, the new defense secretary, described broad categories that he would like to cut in order to meet a Congressional mandate for $450 billion in cuts over 10 years.
Practically ripped from the headlines, Margin Call depicts the last days and hours of a Wall Street investment firm that is about to lose its shirt. It depicts the decisions people make in those circumstances and, perhaps most importantly, why.
Restaurants near NBA arenas are cutting hours, laying off employees and otherwise tried to cut expenses as they deal with the lack of NBA games to fill their buildings.
The U.S. unemployment rate ticked down a tenth of a percent 9 percent in October after the economy added 80,000 jobs, the latest U.S. Department of Labor figures show.
As Europe's and America's economies falter, there's one nation standing above the trouble: Poland. In 20 years since the end of the Cold War, Poland has not once endured a recession.
As the markets teetered and with European leaders telling Greece to take it or leave it — literally — Greece has called off plans for a popular referendum on the European Union bailout plan, agreed to last month.
A Los Angeles activist is encouraging Americans to take their money out of the big banks and transfer it to smaller, local credit unions. The protest is in the wake of increased fees from big banks.
The Port of Oakland is shutdown Wednesday night as protesters in the Occupy Oakland movement conduct a general strike. About 10,000 people are reportedly participating.
India and Pakistan, countries that have fought two wars, will normalize trade relations after Pakistan reciprocated on a move India made in 1996.