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Noteworthy News – February 21, 2012

Economy:

Restructuring Greece Within the Euro is Illusory – Spiegel Online

Pain Without Gain – New York Times (Krugman)

Spend, Spend, Spend. It’s the American Way – New York Times

Stronger job market could boost economy further – Associated Press

Markets:

Stocks Climb for Fourth Day as Metals Rally on China Measures, Greek Talks – Bloomberg

Emerging Market Stocks Due for Correction: Marc Faber – CNBC

The EU’s Emissions Trading System Isn’t Working – Spiegel

Politics:

‘All the elements’ of new $171 billion Greek bailout in place, French official says – MSNBC

Japan Agrees With China to Aid Europe Through IMF After Further Euro Steps – Bloomberg

Japan slowly wakes up to doomsday debt risk – Reuters

How American Health Care Killed My Father - The Atlantic

Banks:

Libor Manipulation: Another Black Eye for UBS – Bloomberg

Lloyds Bank strips 13 directors of more than £2 million in bonuses – Telegraph

Citigroup to Let Managers Take Stakes in Its Hedge Funds as Volcker Looms – Bloomberg

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Posted in Economics, Markets, Media, Politics.


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