Friday, February 26, 2010

'Wicked nor'easter' slams Northeast

Date: Friday, February 26, 2010

'WICKED NOR'EASTER' SLAMS NORTHEAST
A severe snowstorm is disrupting air traffic and morning commutes
across the northeast Friday, the third big storm this month in the
region.

GERMANY MAY BUY GREEK BONDS THROUGH KFW: REPORT
Purchase would be part of Europe-wide plan to prop up Greece with as
much as 25 billion euros if necessary.

EURO TARNISHED, BUT RIVALS DON'T SHINE
The euro is damaged goods, laid low by a debt crisis that has revealed the
shortcomings of European economic and monetary union, economists say.
But besides the Japanese yen, there's not much else as a liquid
alternative to the U.S. dollar.

U.S. IN 1930S SUGGESTS BLUEPRINT FOR HEALING EURO
The near-collapse of the dollar in 1933, and its subsequent recovery,
can offer a blueprint for recovery should it happen that the euro
breaks up.

U.S. STOCKS EDGE HIGHER; DOLLAR, CONSUMER IN FOCUS
U.S. stocks manage modest gains Monday as a flurry of morning data
pointed towards some signs of economic strength but lingering weakness
in consumer spending and housing.


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