Funding Fears Hit European Bank Stocks

(Source: Financial Times By Martha Gill) – Growing concerns that some European banks face short-term lending stress kept pressure on the region’s financial stocks on Friday, setting indices on course for a second consecutive session of heavy losses. The FTSE...

Wall St Set to Slide on Renewed Bank Worries

NEW YORK, Aug 18 (Source: Reuters) – U.S. stock index futures pointed to a sharply lower open on Thursday as a report that regulators were intensifying their review of European banks’ U.S. units shook up investors.Concerned the European debt crisis might...

Food Banks Now Feed 1 In 7 Americans

(Source: CNN) – A report out this month showed that the number of people on food stamps has reached an all time high.One such food bank in Maryland, Manna Food Center, provides each family depending on it with 70 pounds of food every thirty days. Volunteers...

Real Economy Impact of Financial Turmoil for China

(Source: The Wall Street Journal BY TOM ORLIK) – China’s banks are hungry for capital. But market turmoil means they may have to stay hungry—and that has implications for China’s growth.Breakneck loan growth in 2009 and 2010, stringent capital...

The EuroCrisis … In One Chart

(Source: The Wall Street Journal By Matt Phillips) – On this side of the pond, we usually pay as little to attention to Europe as possible. That’s because traditionally, we’ve found that if leave them alone to enjoy their cheese and gothic cathedrals and...