The president of the European Central Bank warned Thursday that the set-up of the European currency is unsustainable. In some of the harshest remarks by a senior European official to date, Mario Draghi criticized the vacuum resulting from the lack of action by European governments.
After watching Greece from afar, many Spaniards feel that they could be next in line for a costly bailout. Spain will have to pay $40 billion in interest this year alone. Unemployment tops 24 percent and is rising.
Mayor Bloomberg's proposed ban on large sugary drinks may not slake peoples' thirst for them, or address the obesity problem. A behavioral expert says people who want to buy lots of soda may just rebel at being told what to do.
The giant retailer has joined the list of major corporations withdrawing their support from the conservative political organization, which advocates a type of law that came under intense focus after the Trayvon Martin killing became a national story.
The Commerce Department reported Thursday that the economy grew 1.9 percent in the first three months of the year, down from an earlier estimate of 2.2 percent. And more Americans are jobless and seeking benefits, according to the Labor Department.
Economists had predicted the growth of Asia's third-largest economy would continue to slow this year. But the latest data suggests the Indian economy is in worse shape than many analysts thought. The country's growth in the first quarter of this year was only 5.3 percent, compared to 9.2 percent last year.
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