May 8, 2012 The arguments for growth policies as opposed to austerity are taking center stage in Europe after the French and Greek elections. French President-elect Francois Hollande was voted in to a large extent because of his pro-growth, anti-austerity rhetoric, but he is not rejecting austerity altogether.
April 21, 2012 The IMF went into this weekend's meetings with a goal of raising enough funds to deal with the European debt crisis. China, Brazil and other countries helped surpass that goal, but there's something they want in return.
April 21, 2012 Member countries have pledged $430 billion to add to the International Monetary Fund's crisis-fighting arsenal. The aim is to amass enough resources to handle any further problems coming from the prolonged debt crisis in Europe, but the funds come with a few caveats.
April 19, 2012 At a news conference kicking off the spring meetings of the International Monetary Fund and the World Bank, IMF Managing Director Christine Lagarde said she wants to secure at least $400 billion for a special crisis fund for Europe. Thus far, the U.S. has chosen not to contribute.
April 17, 2012 A boom in natural gas in the U.S. has driven prices to 10-year lows, threatening the viability of some producers. People needed less gas to heat their homes this winter, but at the same time a huge increase in gas production was made possible by new methods of coaxing gas out of shale rock formations.
April 2, 2012 When Fred Smith started FedEx in 1971, the company nearly didn't make it because of the spike in fuel costs related to the Arab oil embargo. That experience led Smith to turn FedEx into one of the leaders in looking for alternatives to power its vans, trucks and jets.