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AustinGlobe.com Saturday 4th September 2010 Edition 247/8
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Greece risks civil war if it does not leave Eurozone, German economist warnsGreece risks civil war if it does not leave Eurozone, German economist warns
An influential German economist, Hans-Werner Sinn, has argued Greece should leave the Eurozone or risk a civil...


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Employment figures for August reveal different economy for Obama and RepublicansEmployment figures for August reveal different economy for Obama and Republicans
Obama and Republicans are divided over what the new unemployment data from the Department of Labor means to the economic...
Prices for food soar in Russia Prices for food soar in Russia
Russia's government is holding out on freezing the price of certain food goods as prices continue to...
US service sector figures show weakening recoveryUS service sector figures show weakening recovery
The US service sector grew in August, but not by the amount...
Not all bad for high Yen in JapanNot all bad for high Yen in Japan
The Yen is at an all time 15 year high, putting pressure on major export industries, but there are some...
Wall Street continues upward trendWall Street continues upward trend
The Dow Jones rose more than 100 points Friday, the third day of gains for the key...
HSBC unhappy at bank breaking rumorsHSBC unhappy at bank breaking rumors
HSBC has indicated it will relocate its head quarters from London if the UK goes ahead with a proposal to break up the major...
SA strike continues following rejected offerSA strike continues following rejected offer
The South African government's latest 7.5% wage increase offer has been rejected by unions demanding...
Air France KLM may create French budget divisionAir France KLM may create French budget division
Air France-KLM is considering the creation of a French domestic budget carrier to compete with Easyjet and...
UK Coke workers to go on strikeUK Coke workers to go on strike
Workers at a Coca-Cola bottling plant in north London plan to strike over what they call a "derisory" wage increase...
Subsidiary of Koch Industries donates $1M to suspend California's global warming law
SACRAMENTO, Calif. - Oil billionaires David and Charles Koch have jumped on board an effort to suspend California's global warming law by making a million-dollar contribution this week. A...
Top Celebrities Treated to Honeywell Air Purifiers and Humidifiers in Exclusive Emmy Swag Bag
SOUTHBOROUGH, MA--(Marketwire - September 4, 2010) - Looking and feeling your best every day takes time, hard work and a good night's sleep, which may not always fit into a busy schedule --...
FACTBOX-Canadian energy companies bear Earl's brunt
(Reuters) - Canadian companies shut down some energy installationsahead of Earl which regained hurricane status as it lashed into the MaritimeProvinces Saturday, while U.S. energy operations were...
Thousands protest French immigrant clampdown
By Lucien Libert PARIS, Sept 4 (Reuters) - Tens of thousands protested acrossFrance on Saturday against a clampdown on immigrants,launching aweek of action over security policy and pension reform on...
Obama Reaffirms Commitment to Middle Class
(AP) A healthy economy needs bustling Main Streets and a thriving middle class even more than a healthy stock market, President Barack Obama said as he reaffirmed his commitment to work hard for...
Video: The Best and Worst Burger Joints
A recent survey of Consumer Reports' subscribers finds that lesser-known fast food chains such as In-N-Out and Five Guys have better tasting hamburgers than McDonald's or Burger King. Erica Hill...
Video: America's Failing Infrastructure
The American Society of Civil Engineers issues a report card every 4 years on the state of America's infrastructure. In the last two report cards, the nation got a D. Richard Schlesinger continues...
Video: Job Growth Exceeds Expectations
The job growth for the month of August exceeded expectations with American businesses creating 67,000 jobs in August. But as Anthony Mason reports, there still lies great uncertainty in the country's...
Video: Diminished Earl Still A Threat
Hurricane Earl, despite now having been downgraded to a Category 1 hurricane, continues to cause havoc along the East Coast for residents and business owners. Elaine Quijano...
BP: Crews Lifting Key Device From Gulf Face Delay
In this image taken from video provided by BP PLC at 12:23 a.m. EDT, Saturday Sept. 4, 2010 Aug. 3, 2010 shows the blowout preventer that failed to stop oil from spewing into the Gulf of Mexico being...
3M focused on growth, even if it has to buy it
FILE - In this file photo made Tuesday, Jan. 26, 2010, the 3M Co. logo is seen on some of their products in Philadelphia. Technology company 3M Co. said Monday, Aug. 30, 2010, it has agreed to...
Weighing in on FDA changes
Up until three years ago, the medical device start-up NeuroVasx Inc. looked like it was on a trajectory to success. The Maple Grove company raised $33 million and developed a product to treat very...
Now’s the time to turn over a new financial leaf
With kids back to school and summer winding down, it's time for a family financial review. I don't know about you, but my budget looks like a candy bar from the State Fair -- fried beyond...
One thing's for certain: There's no certainty with 401
QI have been working at the same company for 20 years and have contributed to my company-sponsored 401(k) retirement plan the whole time. A recent retirement plan statement I received shows the...
Index fund or ETF? More than costs to consider
Fund investors who want to put their money to work as cheaply as possible have a couple of basic options. They can go with an index mutual fund or a comparable exchange-traded fund. It's an...
U.S. stocks rise as jobs report boosts optimism about economy
U.S. stocks rose, with the Standard & Poor's 500 Index gaining a fourth day, as better-than- estimated growth in private payrolls eased concern the economy is sliding back into a recession.JPMorgan...
Take Heed, Tech Giants: Edison's Failed Plot to Hijack Hollywood
December 18, 1908: It was a dark and stormy night … Okay — maybe it wasn’t so dark and stormy. But it should have been, because that was the night Thomas Edison tried to hijack the...
US stocks usher in September on upbeat note
NEW YORK: Stocks could start next week with investors feeling a bit more optimistic about the economy, thanks to a stronger-than-expected jobs report, making further market gains more likely. ...
Kenya: AccessKenya's earnings fall
Submit your comment Internet service provider AccessKenya posted a 55 percent fall in first-half pretax profit, hit by price cuts and a weaker Kenyan shilling. Pretax profit fell to 40.1 million...
Israeli partner of Microsoft's new Kinect game controller envisions a remote-free future
TEL AVIV, Israel - Inon Beracha envisions a world where your movements control the gadgets and devices around you. There's no remote control to lose, no buttons to push. The air conditioner senses...
Trichet Urges EU Nations to Find Unified Position on IMF Board
Sept. 4 (Bloomberg) -- European Central Bank President Jean-Claude Trichet urged European Union countries to find a unified position over threats to the bloc’s influence at the International...
Chile Codelco seeks to retire up to 3,000 staff
SANTIAGO (Reuters) - Chile's Codelco, the world'sNo.1 copper producer, will offer up to 15 percent of itsworkforce retirement in a bid to shed as many as 3,000 jobs bythe year-end to boost...
Anglo Irish Bank to be "decommissioned" -minister
DUBLIN, Sept 4 (Reuters) - Nationalised Anglo Irish Bank[ANGIB.UL] will be "decommissioned", with a decision on its fateexpected within a few weeks, a junior government minister wasquoted on Saturday...
G20 members agree economic recovery to continue
* Trichet calls for common EU position on IMF issues (Adds ECB's Trichet) By Yoo Choonsik and Rachel Armstrong GWANGJU, South Korea, Sept 4 (Reuters) - G20 delegatesagreed on Saturday global economic...
EU Decision On Anglo Irish Bank Seen In Coming Weeks -Almunia
European Union Competition Commissioner Joaquin Almunia Saturday. Almunia confirmed he will see Irish Finance Minister Brian Lenihan this week to discuss the restructuring plan. "I will be in a...
Q&A with Google's Patrick Pichette
“If you live in the digital economy, you have to be careful to have your investment thesis squarely bolted into your reality,” Canadian-born Google CFO Patrick Pichette...
Leaning on your RRSP for learning
With the focus this time of year on back to school for the kids, have you considered returning to higher learning yourself? If so, you’re in luck as you may be able to fund that post-secondary...
Communities Get 'First Look' at Forecloses
'); } The First Look program will give communities a 48-hour heads up on foreclosed properties and the ability to buy them at a 1% discount, Donovan said. The effort is intended to help improve...
Obama Says He's Committed to Helping Middle Class
President Barack Obama reports on the economy as the latest unemployment figures are released, Friday, Sept. 3, 2010, in the Rose Garden of the White House in Washington. (AP Photo/J. Scott...
US says goodbye to Earl as storm churns into Canada; coast besieged by rain but damage minimal
YARMOUTH, Mass. - The remnants of Hurricane Earl took aim at Nova Scotia early Saturday after a brush with the Northeast that was far less intense than feared, dumping heavy, wind-driven rain on...
New Zealand City, Rocked by Quake, Under Curfew as Storm Nears
Sept. 5 (Bloomberg) -- New Zealand’s second-largest city, Christchurch, was placed under night curfew as a storm threatens to exacerbate an estimated NZ$2 billion ($1.44 billion) of damage...
Trichet Says Greece Exit From Euro ‘Worst Possible Option’
Sept. 4 (Bloomberg) -- European Central Bank President Jean-Claude Trichet said in Cernobbio today that Greece’s exit from the euro would be the “worst possible...
Obama says his economic policies halted "bleeding"
Barack Obama ,previewing a big push on the U.S. economy next week,Saturday defended policies that he said "have stopped thebleeding" and put the middle class on the road to recovery. Obama,...
Anglo Irish Bank to be "decommissioned": minister
DUBLIN (Reuters) - Nationalized Anglo Irish Bank ANGIB.UL will be "decommissioned," with a decision on its fate expected within a few weeks, a junior government minister was quoted on Saturday as...
Obama Says Economy Needs a ‘Thriving Middle Class’ to Prosper
Sept. 4 (Bloomberg) -- President Barack Obama said the U.S. economy needs a “thriving middle class” as it recovers from the “worst recession in our...
Saudi Shares Climb Most in Six Weeks Following U.S Jobs Data
Sept. 4 (Bloomberg) -- Saudi Arabian shares rose the most in six weeks after U.S. and European markets rallied on reports reassuring investors that recovery in the world’s biggest economy is...