Economy

EU wants to shut down bad banks

As soon as possible, the European Union should establish a corporation that would shut down or bail out problem banks, says the International Monetary Fund.

By Staff |October 9, 2013

1 min read

Refinancing requests outpace new home purchases

Home loan applications went up last week in the U.S., and refinancing requests outnumbered purchases, reports Reuters.

By Staff |October 9, 2013

1 min read

Could cheap auto loans cause a bubble?

Some auto companies in Canada are offering eight-year interest free loans, and this is causing a spike in car sales, reports the Globe and Mail. But because these cars are being purchased on credit, this news is cause for concern, says General Motors Canada president Kevin Williams. In fact, it’s comparable to the spike in […]

October 9, 2013

1 min read

U.S. social programs must be reformed, says report

The U.S. government must increase the legal debt ceiling for the thirteenth time since 2002.

By Staff |October 7, 2013

2 min read