Word: wednesday
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...Wednesday's stronger-than-expected data on durable-goods orders (up 3.4% in February, but from a January number that had been revised downward) was a "slim silver lining on the horizon," UniCredit Research economist Harm Bandholz wrote in a note to clients. But, he was quick to point out, "investment and exports continue to plummet." (Read "How to Know When the Economy Is Turning...
...prepared to hazard the view that the post-Lehman meltdown is now over and the market is stabilizing" is how Ian Shepherdson of High-Frequency Economics greeted Wednesday's reported rise in new home sales. "That's not the same as a recovery, but it is better than continued declines in sales." (See which businesses are bucking the recession...
...state solution with the Palestinians, he has persuaded the Likud leader to make two key concessions that will please Washington: ending the building of illegal Jewish settlements in the Palestinian territories and promising to abide by the U.S.-sponsored peace accords that Israel signed with the Palestinians. On Wednesday, with Barak's support in mind, Netanyahu toned down his usual hawkishness, telling Israeli and Arab businessmen, "I'm a partner for peace." Next week Israelis will have a new Prime Minister and Cabinet, and a season or two of political stability. But Barak's opportunism may have set the historic...
Topolanek told the European Parliament on Wednesday that his departure would have "no impact" on the E.U. presidency. But he also warned that it could complicate negotiations. "Partners in Europe have grown used to us negotiating hard," he said. "In this sense it can happen that our position will be weakened...
...European Commission insists it has "full trust" that the Czech Republic will continue to run the E.U. presidency smoothly. But officials in Brussels are nervous about the E.U. falling into limbo at such a critical moment. On Wednesday, German MEP Martin Schulz, who leads the European Parliament's Socialist group, accused Topolanek of undermining Europe. "Being here this morning shows that you are a fighter, but so far you haven't understood what the task of the presidency of the E.U. is," Schultz said...