Tuesday, July 01, 2014
On Tuesday, General Motors announced a recall of more than 8 million additional vehicle, bringing the total number of vehicles recalled by GM this year to 28 million. Uncertainty is once again swirling around GM's future, leading many to ask the questions: Why did America bailout GM? And was it worth it?
Friday, September 16, 2011
The European Central Bank announced yesterday it will work with the Federal Reserve to open new lines of credit to banks in the 17 nations that use the euro. The Bank of England, Bank of Japan and the Swiss National Bank are also pitching in to help. The ECB says it will allow banks in the euro zone to borrow money for three months — rather than the previous rule of a week — which injects dollar liquidity into European banks. The news comes as European banks are suffering from chronic financial squeezes.