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Economy

Strike on summit day shows task at hand

By: RAF CASERT 01/29/12 8:01 AM
German Chancellor Angela Merkel and other European leaders meeting for a summit will only have to look out of the window to see the biggest problem with their steady diet of austerity and belt-tightening to fix the financial crisis: disgruntled workers organizing a nationwide strike to protest the direction in which Europe is heading. That is, if the 27 government leaders can even get to European Union headquarters in time for Monday's meeting. Read More

Euro, rich-poor gap proved key issues at Davos

By: EDITH M. LEDERER 01/29/12 6:43 AM
Europe's crippling debt crisis dominated the world's foremost gathering of business and political leaders, but for the first time the growing inequality between the planet's haves and have-nots became an issue, thanks largely to the Arab Spring uprisings, the Occupy movement and other protests around the globe. Read More

Key dates in Greece's debt crisis

By: The Associated Press 01/28/12 7:28 PM
A look at key dates in Greece's financial crisis. Oct. 4, 2009 — George Papandreou's Socialists win landslide general election victory, ending five and a half years of conservative rule. He is sworn in as prime Minister two days later. Read More

Brown sells taxes to voters suspicious of spending

By: JUDY LIN 01/28/12 10:48 AM
Jerry Brown
After failing to sell Republican lawmakers on tax increases last year, Gov. Jerry Brown faces another tough act of salesmanship in 2012, this time with voters. Read More

Private investors near deal on Greek debt

By: DEMETRIS NELLAS 01/28/12 9:04 AM
A disorderly and potentially devastating Greek debt default is looking much less likely. Greece and investors who own its bonds have reached a tentative deal to significantly reduce the country's debt and pave the way for it to receive a much-needed €130 billion bailout. Read More

AP Interview: UN trade chief wants less inequality

By: EDITH M. LEDERER 01/28/12 8:47 AM
The U.N. trade chief urged global leaders Saturday to focus much more on reducing growing inequalities around the world than constantly looking to appease financial markets, which largely benefits the rich. Read More

Cuba Communist Party eyes term limits at gathering

By: PETER ORSI 01/28/12 8:07 AM
Cuba's Communist Party closed the first day of its national conference Saturday with declarations of support for the burgeoning private-sector class, tough talk on corruption and vows to be attentive to islanders' complaints. Read More

Germans float direct EU control over Greek budget

By: JUERGEN BAETZ 01/28/12 6:50 AM
A German official says Greece should temporarily cede sovereignty over tax and spending decisions to a powerful eurozone budget commissioner to secure further bailouts. The official said Saturday the proposal is being discussed among the 17-nation currency bloc's finance ministers because Greece has repeatedly failed to fulfill its commitments under its current €110 billion ($145 billion) lifeline. Read More

Germans float direct EU control over Greek budget

By: JUERGEN BAETZ 01/28/12 6:50 AM
Germany is proposing that debt-ridden Greece temporarily cede sovereignty over tax and spending decisions to a powerful eurozone budget commissioner before it can secure further bailouts, an official in Berlin said Saturday. Read More

Topless protesters detained at Davos forum

By: FRANK JORDANS 01/28/12 4:16 AM
Three topless Ukrainian protesters were detained Saturday while trying to break into an invitation-only gathering of international CEOs and political leaders to call attention to the needs of the world's poor. Separately, demonstrators from the Occupy movement marched to the edge of the gathering and engaged in a brief standoff with police. Read More
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