GDP

2012 U.S. Budget

CBO: Without Action, National Debt Will Exceed GDP in 2021

How big could the national debt get? Well, to paraphrase a line popularized by actor William Shatner, if Congressional lawmakers can not agree on a deficit reduction package, it’s going to get ‘really big’ -- grow to a total larger than the U.S. economy.
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Sexy Tunisian tourism ads turn heads in Europe

Hard-pressed for liquidity, Tunisia's interim government, along with Cherif, are ready to shock Europe-- once the primary market for Tunisian tourism-- into returning to its sun-kissed Mediterranean beaches.
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A demonstrator confronts riot police near the Greek parliament in Athens

Greece in crisis

The current unrest in Greece stems for decades of over-spending. In Athens, protesters take to the streets to fight the latest austerity proposal.

Egyptians protest for better wages

Young Egyptians took to the streets again yesterday, in Cairo and across the North African nation. This time to demanded better wages.
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Sputtering U.S. Economy, Look Out Below!

The slowdown has begun. The economy has started to sputter and unemployment claims have tipped 400,000 for the last seven weeks. Manufacturing is cooling, the housing market is struggling and consumers are keeping a close eye on spending, meaning the U.S. economy might be on a slower path to full health than expected.
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Mischief From Cheap Money - Shocking Charts

Three trillion dollars is a lot of cash to hoard up in barely 10 years. It's a lot of cash to unleash on the world's commodity markets, too. And peak oil or not, we monetary maniacs might just have a point. Real returns to cash do matter.
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The Fed Is NOT Printing Money With QE2

We're in no danger of hyperinflation because the Fed is not printing money. That's not what the program is all about. Instead it was a gamble meant to lift the prices of stocks and commodities, which it did - but which could now colapse very quickly when QE2 ends.
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Truce prevails in Yemeni capital after ceasefire

Tranquility returned to Yemen's embattled capital on Sunday, hours after armed tribesman and President Ali Abdullah Saleh's forces reached a truce to halt clashes which threatened to plunge the state into civil war, a Reuters report stated.
Yemen's President Saleh waves to supporters gathered in a soccer stadium in Sanaa

Yemen economy faces crisis as unrest continues

The political crisis has pushed Yemen to the brink of civil war has also cost the economy $ 5 billion and the country requires immediate aid to prevent a meltdown, the country's trade minister said on Saturday.

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