YOUR FRIENDS' ACTIVITY

    • A spike in Italian debt yields sent global markets tumbling Wednesday, with the Dow down more-than 370 points in recent trading.

      Earlier this week, you may recall, talk on the Street was that if Silvio Berlusconi would only step down, the Italians would be free to adopt austerity measures and market pressures would relent. Instead, Berlusconi's pledge to resign seem to intensify market fears about Italy's huge debt load.

      Yields on Italian 10-year debt jumped to 7.4%, a record for the euro era and a level at which other EU members, notably Ireland, Portugal and Greece have required bailouts.

      From Berlin, German Chancellor Angela Merkel once again reaffirmed her commitment to the grand EU experiment, declaring: "It is time for a breakthrough to a new Europe. Because the world is changing so much we must be prepared to answer the challenges. That will mean more Europe, not less."

      As Jeff Macke and I discuss in the accompanying video, less Europe might actually be more and "more Europe"

      Read More »from “There Is No Solution for Europe”: Stocks Tumble as Italian Yields Surge
    • Follow The Daily Ticker on Facebook here!

      Erin Brockovich - the public advocate made famous on the silver screen by Julia Roberts - has a message for the temporary residents of Zuccotti park: Get your act together!

      Brockovich stopped by The Daily Ticker set this week to discuss her new book, Hot Water and chat about her recent visit to Occupy Wall Street.

      The anger and blame galvanized by the movement is understandable, she says, but without a clear message she's afraid the protest won't yield results. Simply living in a park does not create change.

      "We are all frustrated," Brockovich tells Jeff Macke in the accompanying interview. "If you don't get yourself together, collectively with some leadership and message to be conveyed then it just falls on a deaf ear."

      Her advice for the Occupy Wall Street protesters: get organized, get a spokesperson and make tangible demands.

      Brockovich made history more than a decade ago after spearheading and winning a $333 million lawsuit for the

      Read More »from Erin Brockovich: It’s Time for Occupy Wall Street to Get Organized
    • Desperate times call for desperate measures and these are clearly desperate times for a lot of local governments.

      In Highland Park, Michigan, near Detroit, the town is removing 1000 of its 1500 streetlights in a draconian attempt to save money as it scrambles to pay off $4 million in unpaid electric bills.

      With $58 million in debt, unemployment at 22% and 42% of its roughly 12,000 residents living below the poverty line, Highland Park is clearly an extreme example of a municipality under stress. But towns from Santa Rosa, Calif. to North Andover, Mass. are similarly turning down or turning off the lights in an effort to save money, USA Today reports.

      All across America, strapped municipalities are cutting back on what were once viewed as essentially public services.

      For example, Denver has cut $500,000 from its trash-collection budget, Camden, NJ cut about 50% of its police force while Los Angeles, Pasadena and other California communities have been closing public libraries.

      Read More »from Budget Crisis Has State and Local Govts. Cutting to the Bone
    • With less than a year until the next presidential election, without question the top issue for voters remains how to jumpstart the stalled economy.

      Tonight, the eight Republican candidates for president are set to focus on just that issue at the latest GOP debate to be held in the swing state of Michigan -- ground zero for the Great Recession.

      Michigan maintains the third-highest unemployment rate in the nation at 11.1%, or roughly two percentage points higher than the national unemployment rate. The Midwestern state also continues to face a housing crisis. Michigan ranks in the top 10 for the highest number of foreclosures in the country, with 1 in every 322 homes in bank repossession, according to RealtyTrac.

      But even before the 2008 financial crisis, Michigan, and specifically Detroit, had fallen on hard times.

      In the last decade, the Motor City's population declined 25% due to a shift in the auto industry's manufacturing base. Today tens of thousands of residential properties lay

      Read More »from GOP Debate Preview: What Do Voters in Detroit Want? JOBS

    Pagination

    (2,364 Stories)

    FOLLOW 'THE DAILY TICKER'

    "The Daily Ticker" covers the most important business stories of the day -- the economy, investing, corporate leadership and politics. "The Daily Ticker" picks up where Tech Ticker left off and is hosted by Aaron Task, Lauren Lyster and Henry Blodget. Often serious, sometimes irreverent and always interesting, "The Daily Ticker" gives viewers a unique take on the business world's most crucial stories.

    Subscribe and RSS

    [X]

    How to subscribe

    Roll over each section to subscribe using Add to My Yahoo! or RSS Feed feeds.

    Yahoo! News offers dozens of RSS feeds you can read in My Yahoo! or using third-party RSS news reader software. Click here to find out more about RSS and how you can use it with Yahoo! News.
     
    Recent Quotes
    Symbol Price Change % Chg 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
     
    Sign-in to view quotes in your portfolios.