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  • Walter to Replace Schapiro as SEC Chairperson - 28 November 2012

    • As Mary Schapiro prepares to leave her position as the 19th Chairperson of the SEC – U.S. Securities and Exchange Commission – on December 14, her performance in terms of successes and failures is being analyzed in the online and offline press, with much speculation regarding the road forward under her replacement, Elisse Walter. While the two women have often worked cooperatively alongside one another during their Washington-based careers, analysts have noted that they have differing views on some key issues.

  • Looming ‘Fiscal Cliff’ Batters Consumer Confidence - 15 November 2012

    • The new buzz-words on Wall Street – 'fiscal cliff' – are being used to describe the automatic tax increases and spending cuts which are set to come into effect on January 1, 2013. As the date draws ever closer, economists are sounding the alarm that the combination of spending cuts and tax increases could very well result in the United States going into a recession, which would have a detrimental effect on global economies. An estimate by the Congressional Budget Office notes that the US economy will contract by 0.5 percent in 2013, with employment levels increasing to 9.1 percent – certainly not what average Americans want to hear as many continue to struggle to keep head above water.

  • Investors Support Home Repair Companies in Wake of Hurricane Sandy - 1 November 2012

    • On its first day of trading following the two-day shutdown caused by Hurricane Sandy, Wall Street closed relatively unchanged on Wednesday, with the Dow Jones losing 10.75 points (0.08 percent) to close at 13,096.46, the Standard and Poor's 500 climbing 0.22 points (0.02 percent) to close at 1,412.16 and the Nasdaq Composite Index losing 10.72 points (0.36 percent) to close at 2,977.23. The shutdown was reportedly the first multi-day weather related closure of the New York Stock Exchange since 1888, and traders made their way to the exchange in the early hours of the morning keen to set the wheels of trade in motion again.


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