Joseph Alan Alonso

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More From Joseph Alan Alonso

Soros Warns EU Debt Debacle Could Launch Depression

George Soros said, "If the crisis is controlled, the German voting public will force austerity on the rest of Europe, pushing the entire region into recession and ultimately into a depression."
Sep 23, 2011

Slump Hits Canadian Stock Market Too

It was a similar experience for the stock market in Toronto as the major stock index went down by more than 3 percent on Thursday, the lowest level since 2010.
Sep 23, 2011

Republicans not Keen on Fed Plan to Fire up Economy

Political opponents of U.S. President Barack Obama have expressed serious doubts about the Federal Reserve's bold move to pump up the country's floundering economy with its latest plan to trade short-term for long-term bonds.
Sep 23, 2011

U.S. Retailers Predict Average Sales for the Holidays

U.S. retail firms prefer to remain conservative about revenue projections for the forthcoming holiday season but see reasonable sales even as shoppers are quite wary about excessive spending due to the prolonged economic downturn.
Sep 23, 2011

International Lenders Force Greece to Take on Austerity Measures

Finance Minister Evangelos Venizelos of Greece told members of Parliament on Thursday that the beleaguered government has decided to adopt more austerity measures, which consisted of reducing pensions and making adjustments in the public sector.
Sep 23, 2011

European Banks Face $410 Billion Deficit

The International Monetary Fund today made public a Global Financial Stability Report that underscored the need for European commercial banks to augment assets to ensure the confidence and loyalty of creditors and depositors.
Sep 22, 2011

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