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US Debt Supercommittee Ready to Concede Defeat Over Budget Agreement
The US deficit-cutting congressional super committee, formed in the aftermath of the August debt ceiling debates, is expected to announce today that it has failed to reach an agreement...
World’s Largest Banks Face Credit Ratings Review In 3 Weeks
Major credit rating agency Standard & Poor’s is set to update the credit ratings status for the world’s 30 largest banks within the next 3 weeks, with numerous high-profile...
Infographic: Obama’s New Plan For Student Loans
In 2011, student debt in the United States topped $1 trillion—more than any other kind of consumer debt in the country. After bankruptcy protection was removed from private student...
Airline Tells Passengers To Pay $31,000 More Or Get Off During Stopover
More than 180 airline passengers onboard a chartered flight service from India to the UK were left in shock after flight crew from Austrian airline Comtel Air refused to...
More Than 1 in 5 US Children Living In Poverty
According to the latest US Census Bureau report released on Thursday, 21.6 percent of American children lived below the US federal poverty threshold in 2010, with more 27 states...
UK Consumer Confidence Plunges to Record Lows
For the fifth month in a row, consumer confidence in the United Kingdom declined, dragging the index to an all-time low for the month of November. Worries about the...
Many Americans Now Expect to Retire at 80
In a recent survey by Wells Fargo, results have shown that 25 percent of middle-class Americans now expect to work till they are at least 80 years old, in...
Infographic: The Cola Wars
The battle between Coca Cola and Pepsi has been one that has been fought since the late 1800s when Pepsi, then known as "Brad's Drink" was introduced as an...
France-Germany Split Widens Over ECB’s Role
Europe’s two central powers, France and Germany, have clashed once again over the European Central Bank’s (ECB) role in dealing the eurozone crisis, leading to fears that an ideological...
Goldman CEO Thinks Economic Recovery “May Have Already Started”
Lloyd Blankfein, the chief executive officer of Goldman Sachs, said that global economic markets are rebounding faster than expected, and recovery may have surprisingly already started. His comments, made...


