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Romanian President Traian Basescu, right, watches Prime Minister designate Mihai Razvan Ungureanu, left, currently the head of Romania's foreign intelligence service, deliver a speech, in Bucharest, Romania, Monday, Feb. 6, 2012. The announcement follows the resignation of former Premier Emil Boc and his government.(AP Photo/Vadim Ghirda)

Romania's government collapses after protests

Last updated Monday, February 6, 2012 - 3:00pm

BUCHAREST, Romania -- Romania's government collapsed Monday following weeks of protests against austerity measures, the latest debt-stricken government in Europe to fall in the face of raising public anger over biting cuts.

Financial crisis, Financial protests, Protests, Romania, Europe, European Union, International Read more Comments

(EMILIO MORENATTI/The Associated Press) A man sleeps on the ground as he spends the night at the Catalunya square during a protest in Barcelona city, Spain, Sunday Nov. 13, 2011. Another troubled European government will almost surely tumble this weekend as Spanish voters braving sky-high unemployment, the sting of austerity, piles of debt and a bleak future are expected to dump the ruling Socialists and hand their national mess to opposition conservatives. Polls point to a crushing win on Sunday and perhaps even a huge majority in Parliament for the Popular Party led by Mariano Rajoy. The banner reads in Catalan “Indignation”.

Job-hungry Spaniards seen electing center-right

Daniel Woolls The Associated Press

Last updated Wednesday, November 16, 2011 - 8:29am

MADRID — Another troubled European government will almost surely tumble this weekend as Spanish voters braving sky-high unemployment, the sting of austerity, piles of debt and a bleak future are expected to dump the ruling Socialists and hand their national mess to opposition conservatives.

Debt, Debt Crisis, Economy, Financial crisis, Spain, Unemployment, Elections, International Read more Comments

(MICHAEL SOHN/The Associated Press) German Chancellor and chairwoman of the German Christian Democrats, CDU, Angela Merkel, smiles during a news conference after the party’s weekly executive committee meeting in Berlin, Germany, Monday, Sept. 19, 2011. Leaders of Chancellor Angela Merkel’s coalition vowed Monday to stick together following a state election wipeout for the troubled government’s junior partner, but tensions over the eurozone debt crisis persisted.

Stocks slide as Germany cools hope for debt deal

David K. Randall The Associated Press

Last updated Monday, October 17, 2011 - 8:38am

NEW YORK — Stocks opened the week lower Monday after the German government played down hopes that a solution to Europe’s debt crisis was imminent.

Business, Dow Jones Industrial Average, Financial crisis, Germany, Nasdaq, S&P 500, Stock Market, Europe, International Read more Comments

(JIM GEHRZ/The Associated Press) A businessman holds a program from the event as he spoke with others prior to the start of lunch and the talk by Federal Reserve Chairman Ben Bernanke at a luncheon sponsored by the Economic Club of Minnesota, Thursday, Sept. 8, 2011 in Minneapolis. Federal Reserve Chairman Ben Bernanke said Thursday that he’s surprised by how cautious consumers remain more than two years since the recession officially ended. But he offered no hints of further steps the Fed might take to try to boost the weak economy.

Fed is expected to take new action to lift economy

Martin Crutsinger The Associated Press

Last updated Wednesday, September 21, 2011 - 7:09am

WASHINGTON — The Federal Reserve is running out of options to try to boost a slumping economy and lower unemployment. So policymakers are expected to reach 50 years back into their playbook for their next move.

Business, Economy, Federal Reserve, Finance, Financial crisis, Unemployment, National Read more Comments

(NICK SHORT/Standard-Examiner) Sheng Wang cooks egg fu yung at So Delicious Chinese restaurant Friday on 5600 South in Roy.

Chinese restaurant in Roy finally open after legal headaches

Michael McFall Standard-Examiner

Last updated Tuesday, July 26, 2011 - 6:35pm

ROY -- The So Delicious Chinese restaurant was heading toward bankruptcy before it even opened.

Business, Financial crisis, Parking, Restaurant, Sewer, UDOT, Utah, Featured Read more Comments

A riot police officer jumps to avoid being hit by a stone during a demonstration in Athens on Tuesday June 28, 2011. Youths hurled rocks and fire bombs at riot police in central Athens on Tuesday as a general strike against new austerity measures brought the country to a standstill. (AP Photo/Petros Giannakouris)

Protesters clash with riot police in Athens strike

The Associated Press The Associated Press

Last updated Tuesday, June 28, 2011 - 3:48pm

ATHENS, Greece -- Youths hurled rocks and fire bombs at riot police in central Athens on Tuesday as a general strike against new austerity measures brought the country to a standstill.

Lawmakers are embarking on their second day of debate on austerity measures that must be passed in votes on Wednesday and Thursday if Greece is to receive another batch of bailout funds to see it beyond the middle of next month.

Economy, Financial crisis, Greece, Protests, International Read more Comments

MACALL B. POLAY/HBO
Paul Giamatti and William Hurt star (from left) on “Too Big to Fail,” premiering Monday on HBO.

'Too Big to Fail' riveting

Neal Justin, Star Tribune (Minneapolis)

Last updated Sunday, May 22, 2011 - 2:05pm

What I know about the financial world could fit on the back of a check, which is why I was so eager to get my hands on Andrew Ross Sorkin's "Too Big to Fail," a book that promised to explain the 2008 financial crisis in a way that even dummies could comprehend.

The publishers overestimated my intelligence. Sorkin wrote a terrific thriller, but for those of us who squeaked out a C-minus in economics, there's an overwhelming number of references to short sellers, downgrades and subprime mortgages.

Features, Financial crisis, HBO, TV Read more Comments