WASHINGTON — More than two dozen world leaders will join President Barack Obama in an extraordinary weekend of back-to-back summits to tackle Europe’s mounting economic woes and solidify plans for winding down the decade-long war in Afghanistan.
NEW YORK — When Mitt Romney was a good-looking teen in the buttoned-up ’60s, corporal punishment was the norm and bullying had a different, more acceptable name: hijinks.
COLUMBUS — An unemployed Ohio man was browsing at his local thrift store for items he could restore and resell when he spotted a Picasso poster with the word “Exposition” written across the front, some French words, and the image of a warped round face. He handed over $14.14 for what he saw as a nice commercial print.
JPMorgan’s surprise $2 billion trading loss prompted a sell-off in financial stocks Friday, with smaller declines across the broader market as investors decided this was more of a problem for investment banks than for other industries.
Fear of European debt is once again playing havoc with Wall Street.
WASHINGTON — The elections that drove Nicolas Sarkozy out of power in France and left Greece scrambling to build a coalition government pose a financial threat to the United States that could undermine President Barack Obama’s efforts to cast himself as the agent of a U.S. economic revival.
Late last week and over the weekend, a flurry of developments related to the near and longer term economic outlook took place, most of which could be a cause for concern.
PARIS — The day after Francois Hollande rode to power in France on a slogan of “change now,” the conversation in Europe was already different Monday: Austerity had become a dirty word.