Markets suggest worries over the European debt situation are starting to ease a bit more(...)
The gap between the interest rates investors charge to lend to Greece and super-safe Germany is shrinking Tuesday morning, down by 0.5 percentage points so far. (In general the wider the gap, the more acute the worries.) Spreads between other fiscally worrisome euro users such as Portugal and Ireland are also coming in a bit
Greek 10-year spreads versus Germany are easing some Tuesday morning.
Still, the worries remain out there. A key benchmark of interbank lending, three-month dollar Libor — or London interbank offered rate — remains on the high end of its recent range. On Tuesday it was 0.46469, up from Monday’s 0.46000, showing that there’s still demand out there from banks to hold good old fashioned greenbacks. The upward move in Libor also reflects the weakness of some euro area banks, which are having to pay higher rates for interbank lending. Three-month dollar Libor has risen for 26 of past 28 business days, notes Howard Packowitz, of Dow Jones.
If you’re having trouble figuring out how to raise financially responsible children, you’ll be thrilled with this news: Congress is stepping in to help you set some limits(...)
At a time when business revenues are declining and corporate staffs are being dramatically cut in many countries, it is important to curb the growth of distrustful work environments that can affect the bottom line. Understanding how to build and communicate trust to employees is crucial for managers, say IESE professors Pablo Cardona and Helen Wilkinson in a recent study titled, “How to Create a Virtuous Cycle of Trust.”(...)
The euro-area bail-out could be the biggest yet(...)
Since the creation of the railways, the desirable lifestyle has been in constant motion, always expanding and demanding that everything – goods and people – move and be moved. It may only have been a phase in human history(...)
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