David Abel, the chairman of Los Angeles County's Economy and Efficiency Commission, says the mayor is bad at motivating his troops.
The European Commission forecasts the economy will expand by around 0.4% and 0.6% in the third and fourth quarters respectively the fastest growth since the first half of 2004, though much depends on oil prices.
Amidst a souring economy, the loss of commission business, and the closing of firms and branches, whether employed at Merrill Lynch, Morgan Stanley, JP Morgan, Wells Fargo, UBS, or smaller firms, the need for cash pushed many brokers to the limit and prompted arrangements with customers to borrow money.
FORBES: FINRA Bars Broker For Loans From Elderly Widows And Family
The Commission estimates the Eurozone economy will grow by 1% this year and 1.7% next year.
Spain cannot simply blame its weak economy for this outcome, the Commission implied.
Also on Friday the European Commission forecast the EU economy will contract (by 0.3%) for a second year in a row in 2013.
FORBES: A.M. Kitco Metals Roundup: Gold Near Unchanged as Bulls Try to Stabilize Market
If the Clinton Administration -- which has shown itself astoundingly indifferent to the dangers posed by China's penetration of the U.S. nuclear weapons complex, political system and economy -- proves reluctant to commission such a study, it should be mandated by the Congress.
For example, the latest forecasts from the commission predict that the Spanish economy will shrink by 1.4% in 2013, but many independent forecasters expect much worse.
BBC: Why is America's fiscal cliff more worrying than Europe's?
According to the Commission, the eurozone's economy would still expand by about 2.5% in 2006, its best rate of expansion since 2000.
The European Commission has predicted that the eurozone economy will contract by 0.3% in 2012 - while the OECD is predicting 0.2% growth for the bloc.
The European Commission also says that Turkey's economy is strong and growing.
It would be too much to expect the commission to urge the Germans to stimulate their economy and let inflation go.
Mr Solbes said the European Commission now expected the euro area's economy to grow by only 0.75% this year, not the 1% it had hitherto been forecasting.
If the Federal Reserve were to adopt the commission's view of the U.S. economy, it would probably be thinking hard about raising interest rates.
And the economy has come a long way since the days when the planning commission siphoned scarce capital into strategic industries under the country's five-year plan.
The reason why Europe's bank-recapitalisation schemes have been approved by the European Commission is that banks play a critical role in the economy: increased lending justifies intervention.
Skilling originally told the U.S. Securities and Exchange Commission he was concerned about the attacks' effect on the economy, prompting him to sell his Enron shares.
Europe's economy is expected to grow faster next year, according to the latest European Commission forecast.
Also, the European Commission cuts its estimate of growth for the 17-nation euro economy to just 0.1% for 2013, down from a May forecast of 1%.
Meanwhile, the Commission was concerned about a "surprise" fall in Portugal's economy, which shrank 3.2% in 2012 and is forecast to contract by another 1.9% in 2013.
Mr Anastasiades said he had spoken to EU Economy and Euro Commissioner Olli Rehn and said he would also be writing to European Commission chief Jose Manuel Barroso and to EU President Herman Van Rompuy.
At a separate hearing Thursday morning in the Senate, Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke, and Securities and Exchange Commission Chairman Christopher Cox testified on the effects of the crisis on the economy and the efforts to fix the problems.
But whether he is really willing and able to lead the revolution in Italian public administration, taxation and labor relations needed to revive an economy that has barely grown above 1% for 20 years and that the European Commission forecasts will shrink by 1% this year is an open question.
Bringing order to the economy had become an urgent task, Li Rongrong, Minister for the State Economic and Trade Commission said.
And the average private forecast for Portugal is that its economy will shrink by 2.3% next year - not 1%, as the commission now expects.
BBC: Why is America's fiscal cliff more worrying than Europe's?
It seems as if India's influential Planning Commission realised this when it warned that the poor state of the country's economy was being forgotten amid the political crisis being faced by the United Front government.
He must implore Congress to include a public interest provision requiring the U.S. International Trade Commission to assess the costs of any duties on downstream industries and on the broader economy before imposing any such duties.
Let this run for a few years, anyway, with a EU-sponsored commission including at least three independent (non-government) firms skilled in economy-wide analysis charged with evaluating the results.
FORBES: Cyprus Has, In Effect, Moved Out Of The Eurozone Roach Motel
Its day of reckoning, in the sense of a decision on whether to become the first really big eurozone economy to subject itself to the humiliation of being run from Brussels and Washington, by the European Commission and IMF, looms.
Meanwhile, survey data released by the European Commission on Wednesday indicated that the ECB's actions were beginning to filter through to the broader economy.
应用推荐