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Central Banks 'On Standby' As Greek Elections Loom

Greeks head to the polls on Sunday for elections that could lead to their nation dumping the euro. The ripple effects from that could be severe.
NPR

Three Frightening Phrases You Should Understand

When economists talk about their fears, they constantly use three phrases: "fiscal cliff," "muddle through" and "hard landing." Each is related to a different problem in a different region of the world: the U.S., Europe and China. And there are worries that all of these crises will explode soon.
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Lawmaker Lining Up National Harbor Casino Deal

Maryland lawmakers haven't yet made up their minds on a possible Prince George's County casino, but Maryland House Speaker Mike Busch is lining up a deal for the possible National Harbor gambling facility just in case.

NPR

Markets Encouraged By Plans To Calm Eurozone Panic

Turbulence and anxiety in the Eurozone have helped make this a volatile week on the markets. Global central banks are bracing themselves for worse and are moving to avert market panic ahead of the Greek election. Reports say they're preparing to take coordinated action to help banks by pumping in funds.
NPR

China's Economy Cools, Perhaps More Than Planned

The country's economy has not only been slowing down recently — it's been slowing faster than expected. That's due largely to overly effective efforts by Beijing to rein in earlier blistering, and unsustainable, growth. Many say the downshift will continue unless the economy undergoes serious reform.

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