foxnews.com — Investors cheered the European Union's $1 trillion plan to defend the embattled 16-country currency and keep a spreading debt crisis from damaging the global economic recovery. Wall Street was also expected to jump higher on the open -- Dow futures were up 3.5 percent at 10,694 and S&P futures were 4.6 percent higher at 1,158.30.
May 10, 2010 View in Crawl 4
falserMay 10, 2010
Duct tape on a submarine? Brilliant!!
m0dc0dMay 10, 2010
Don't worry, our kids will foot the bill.
nolibertiesMay 11, 2010
It has never been easier to make a buck in this country. You can't be a damn isolationist, this is a global economy. A foreign company going under could effect your own job without you even being aware of it.
errdayimhustlinMay 11, 2010
Of course they are monetizing the debt.
thespiffMay 11, 2010
So true. At my last job there was a big layoff announcement, and it was several months before the actual action was taken, so we all got to stew for a while. A co-worker of mine was near panic, terrified that he was going to get the axe. Guess what happened when he survived? Yep, bought a new car.Pro tip: When a huge flood washes through town but your house luckily survives, you don't celebrate by building a wine cellar.
rrwestMay 11, 2010
And they need to be angry at governments that allow massive immigration from third-world countries (mainly Muslim by the way) which keeps unemployment high, wages low and the immigrant voters happy.They also need to be angry at those who defend massive immigration in the mistaken belief that the economy can handle more people on the dole or welfare or whatever countries in the EU call it.They also need to be angry at themselves for letting things get so out of hand by inaction and apathy.
Closed AccountMay 11, 2010
It'll be interesting to see how long the current situation will last, given current economic trends (India taking off, Europe in relative decline.Especially if somebody manages to pull off another 9/11, or the banlieues erupt again. If Al-Qaeda get their hands on WMDs and manage to deploy them, the problem will solve itself in record time.In the meantime, Europe's immigration systems are the tightest they've ever been, but as always, there's room for improvement.