Articles By J.J. McGrath

From Economy Jun 03, 2012

China's PMIs: Yep, It's A Slowdown In World's Second-Largest Economy

China's nonmanufacturing sector joined the country's manufacturing sector in growing at a slower rate last month, according to data released Saturday by the China Federation of Logistics and Purchasing and the National Bureau of Statistics of China.

From Politics & Policy Jun 03, 2012

Spain's PM: Fiscal Union + Monetary Union = New Euro Zone

Spanish Prime Minister Mariano Rajoy proposed on Saturday that the 17 countries in the euro zone create a common fiscal authority, with each surrendering a significant amount of its national sovereignty to send a signal to financial markets about the certainty of their single-currency experiment.

From Politics & Policy Jun 02, 2012

SEC Acts To Dampen Volatility In 'Flash Crash' Scenarios

Two-plus years after the so-called Flash Crash wreaked havoc in the U.S. equity market on May 6, 2010, the Securities and Exchange Commission announced Friday it has OK'd two proposals designed to dampen extraordinary volatility in individual securities and the broader stock market.

From Global Markets Jun 02, 2012

US Equities Begin June As They Ended May: Bleeding Red Ink

With the Institute for Supply Management's manufacturing report and the U.S. Bureau of Labor Statistics' Employment Situation Summary both weaker than analysts' consensus estimates on Friday, U.S. stocks closed a holiday-shortened trading week by dropping like so many hot pennies scattered in cold snow.

From Politics & Policy May 28, 2012

By-Election Result May Be Sign For Singapore's Political Future

Singapore's Prime Minister Lee Hsien Loong indicated more work may be needed for the country's ruling party to regain support after it lost a by-election in the Hougang district on Saturday, according to Bloomberg News.

From Politics & Policy May 28, 2012

UN Speaks Loudly On Syria, But Doesn't Carry A Big Stick

The atrocities committed in the Syrian village of Houla on Friday -- when dozens of men, women, and children were killed, and hundreds more were wounded -- were condemned in the strongest possible terms by the United Nations Security Council on Sunday.

From Sports May 28, 2012

Dario Franchitti Burns Rubber On Scorching-Hot Day To Win Third Indy 500

Dario Franchitti of Edinburgh, Scotland, started the 96th Indianapolis 500 in the middle of the pack but finished the race ahead of it on Sunday as he joined a select few drivers who have won the premier event of the IndyCar Series three times.

From Politics & Policy May 27, 2012

Syria: UN Officials Deplore Killing Of 90-Plus Civilians, 32 Of Them Children

Top officials of the United Nations on Saturday condemned in the strongest possible terms the confirmed killing of dozens of men, women, and children -- and the wounding of hundreds more -- in the village of Houla, outside Homs.

From Sports May 27, 2012

Indianapolis 500 Record May Be Set Sunday [LIVE-STREAMING LINK]

At least one Indianapolis 500 record appears likely to be set on Sunday, as the National Weather Service has issued a heat advisory counseling people in the vicinity of the Indianapolis Motor Speedway that record-breaking heat is possible.

From Economy May 26, 2012

The Pain In Spain: Bankia Bailout, 5 Credit-Rating Downgrades

Spain's Bankia S.A. requested the country's government provide it with a bailout worth €19 billion ($24 billion) on Friday, the same day Standard & Poor's Ratings Services said it lowered its ratings on five financial institutions based in the Iberian nation.