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Back in the 1920s, an Austrian newspaper won the title for headline of the decade with a front-page story that read, "Archduke Franz Ferdinand Found Alive; Great War Fought By Mistake."
Stocks climb Friday ... Britain's GDP down in fourth quarter ... Russia to ban beef, pork from U.S., Canada ... Annual new home sales jump 19.9 percent ... News from United Press International.
Britain's Office of National Statistics said the country's economy shrank by 0.3 percent in the fourth quarter of 2012 compared to the third.
Economic analysis has been dominated by the Keynesians, who want more government stimulus spending, and the followers of Hayek, who insist on cutting public spending. But perhaps we should be listening to the French.
U.S. policymakers must lift the federal debt ceiling soon, for the sake of the U.S. and world economies, the International Monetary Fund said.
Economists in Washington and elsewhere are warning the economic recovery may be headed for a stall or a downturn, mimicking trends of the past two years.
International Monetary Fund Economic Counselor Olivier Blanchard said the U.S. economy had hit a rough patch, but nothing too "worrisome."
The global economy is improving enough for the International Monetary Fund to raise its prediction of growth nearly one-half of 1 percent.
A higher Chinese yuan will help the U.S. economy but more is needed to sustain the U.S. growth, an international economist told Xinhua.
The International Monetary Fund in Frankfurt, Germany, issued improved economic forecasts Thursday, but warned that the numbers could be deceiving.
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