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College Park, MD – Now that the euro has bankrupted Greece and pushed Italy and other Mediterranean states to the brink, Angela Merkel proposes tough, EU-administered disciplines on national deficits. Those would thrust the Mediterranean states into decade-long recessions without fixing flaws in the Eurozone architecture that caused all the borrowing and crushing debt in the first place.

At the end of 1998, wages, prices and government bonds were converted from national currencies into euro according to prevailing exchange rates. To the extent those rates reflected market prices, the euro adequately priced labor, exports and public debt across borders.

Unfortunately, among the 17 members of the currency union, labor market policies, social programs, and industrial policies are separately established and financed, and vary much more than among the 50 states in the dollar zone.

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Hire Wire Dec 02 2011 By Sumathi Reddy

There are fewer white men in the increasingly diverse financial industry, but they still take home the bulk of Wall Street’s money, according to a report set to be released Friday.

In some cases, white men on Wall Street earned more than twice as much annually as other ethnic groups, and their median earnings shot up 15%, to about $154,500, between the 2000 federal Census and the 2005 to 2009 American Communities Survey, the report said.

“The Progress and Pitfalls of Diversity on Wall Street”—a report conducted by the City University of New York’s Center for Urban Research—examined U.S. Census Bureau data. It showed that white men made up about 54% of Wall Street’s workforce in 2005 to 2009, down from about 57% in 2000.

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Australians are keen travellers and like to check out what’s going on in the rest of the world. Finding the best way pay for our travel expenses can be a challenge. In this article we’ll be considering some of the benefits of using a debit card to pay your way when you’re travelling outside Australia.

Spending money overseas

You can pay for your travel tickets and accommodation before you leave Australia, but you’ll still need funds for your day-to-day expenses when you travel overseas for business or pleasure, but some of the traditional forms of payment have their drawbacks.

• Carrying your funds in cash can get complicated. Do you convert it to foreign currency before you leave, or wait until you get to your destination? How much cash do you need in each country you‘re visiting? What about currency conversion fees and commission? The list

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Just reminding everyone that my $5k Red Kettle Challenge is still going on. As of this posting, were over $4,000. It sure would be great if we hit $5k by Monday. If we do, Ill come up with more money to match.

If youd like to donate, you can do so by going here.

Thanks to all of you who have given so far and those of you who will in the future!

College Park, MD – The economy added only 80,000 jobs in October, disappointing forecasters who expected 95,000 to be added. The economy appears to be stuck in low gear to make a real dent in the nearly 14 million unemployed.

Unemployment was down to 9.0 percent from 9.1 percent the previous month. A change that was not significant given that many adults remain on the sidelines and too discouraged to look for work.

Wholesale and retail trade, health care and social services, manufacturing, and leisure and hospitality added jobs, whereas telecommunications, banking and securities posted losses. Information technology gained and financial services lost positions in September, but both sectors posted losses for the entire third quarter reflecting broader layoffs in those sectors with more ahead.

Government employment fell by 24,000 and private sector jobs added 104,000

Jobs creation will remain inadequate to keep unemployment from falling in the months ahead, especially considering the mass layoffs recently announced, cost cutting by many large multinationals.

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How I Got Here Nov 04 2011 By Julie Steinberg

In the late sixties, when former HSBC Chairman David Eldon joined the British bank, it was a bit like signing up for the Army. You raised your hand for a management training program and went where the bank sent you, no matter how far from home.

Eldon, 66, joined HSBC’s International Managers Programme in 1968 and spent most of the next 37 years in the Middle East and Hong Kong, eventually overseeing 30,000 employees. He learned to adapt to the country in which he was living, always remembering he was a guest and needed to adhere to their rules, not his.

One of the most important rules in China, is networking, or “guanxi,” Eldon told FINS. But a big Rolodex isn’t as good as one with fewer names and deeper connections.

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