Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:7:\"warning\";s:8:\"%message\";s:40:\"Creating default object from empty value\";s:5:\"%file\";s:62:\"/home/themoney/public_html/modules/taxonomy/taxonomy.pages.inc\";s:5:\"%line\";i:33;}', 3, '', 'http://themoneytimes.com/tags/crisis', '', '54.90.109.107', 1455025548) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:12:\"user warning\";s:8:\"%message\";s:176:\"Table './themoney_2011new/nodewords_custom' is marked as crashed and last (automatic?) repair failed\nquery: SELECT pid, path FROM nodewords_custom ORDER BY weight ASC\";s:5:\"%file\";s:71:\"/home/themoney/public_html/sites/all/modules/nodewords/nodewords.module\";s:5:\"%line\";i:1384;}', 3, '', 'http://themoneytimes.com/tags/crisis', '', '54.90.109.107', 1455025551) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:7:\"warning\";s:8:\"%message\";s:388:\"mktime(): It is not safe to rely on the system\'s timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone \'UTC\' for now, but please set date.timezone to select your timezone.\";s:5:\"%file\";s:93:\"/home/themoney/public_html/sites/all/modules/nodewords/nodewords_extra/nodewords_extra.module\";s:5:\"%line\";i:401;}', 3, '', 'http in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:7:\"warning\";s:8:\"%message\";s:386:\"date(): It is not safe to rely on the system\'s timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone \'UTC\' for now, but please set date.timezone to select your timezone.\";s:5:\"%file\";s:93:\"/home/themoney/public_html/sites/all/modules/nodewords/nodewords_extra/nodewords_extra.module\";s:5:\"%line\";i:406;}', 3, '', 'http:/ in /home/themoney/public_html/includes/database.mysql.inc on line 135
Latest crisis news and updates

Money Matters - Simplified

crisis

Banks running short of cash in Ivory Coast

The banking system came almost to a halt after banks in Ivory Coast failed to deliver cash to hundreds who have lined up outside to withdraw cash. The banks have cited liquidity and security problems which arose after the disputed No. 28 elections, last year.

Challenging the Bulls: Is the Housing Market Still a Threat to the Stock Market?


Coming off the rally stocks have seen in the latter half of 2010, hopes are high for 2011. But several dark clouds remain on the economic horizon, with the lingering housing crisis looming largest. Unlike most other industries, the sector has yet to stage anything resembling a recovery. And the light at the end of tunnel may be further off than anyone would care to admit.

Bernanke's Best One-Liners of 2010


Central banking isn't all grim and sober. These are my top one-liners for 2010 from Fed Chairman Ben Bernanke, who really saved the best for last by delivering three of them during a single, exceptional set on CBS' 60 Minutes at the beginning of the month.

Estonia, without qualms, to join eurozone

Brussels -- Estonian President Toomas Ilves said now is as good a time as any to join the eurozone, despite the economic region's debt crisis.

"I don't know if there is a good time or a bad time to join the euro, but it's quite clear that it is in our interest to join the eurozone," he said in an interview in Brussels, EUobserver reported Saturday.

"It will boost business confidence, investor confidence and also the well-being and confidence of our people," he said.

Get Ready for the Bounce

 "Don't catch a falling knife," as the old saw commands. (Pardon my mixing a cutlery metaphor.) The idea of buying a former superstar stock at a discount price certainly has its attractions, but you've got to make sure you catch the haft -- not the blade. That's where Motley Fool CAPS comes in.

 

Dow skid halts Tuesday near 11,000

New York -- Concerns over Europe's debt crisis spreading weighed on U.S. markets Tuesday as financial ministers discussed a possible bailout for Ireland.

Ireland denies an EU bailout will be needed but still does not know the depths of the problem within its banking system. An escalating crisis, meanwhile, "will have a contagion impact on the other eurozone economies," The New York Times quoted Portuguese Finance Minister Fernando Teixeira dos Santos as saying.

Stocks fell in Europe following a broad downturn in Asia. In Hong Kong, the Hang Seng index fell 1.39 percent. In China, the Shanghai composite index lost 3.98 percent.

Europe's woes weigh on stocks

New York -- Concerns over Europe's debt crisis spreading weighed on U.S. markets Tuesday morning as financial ministers discussed a possible bailout for Ireland.

Ireland denies a European Union bailout will be needed, but still does not know the depths of the problem within its banking system. An escalating crisis, meanwhile, "will have a contagion impact on the other euro zone economies," said Portuguese Finance Minister Fernando Teixeira dos Santos, The New York Times reported.

Stocks fell in midday trading in Europe following a broad downturn in Asia. In Hong Kong, the Hang Seng index fell 1.39 percent. In China, the Shanghai composite index lost 3.98 percent.

Study: New crop failure strategies needed

Leeds, England -- Large-scale crop failures like that which caused the recent Russian wheat crisis are likely to become more common with climate change, a British study shows.

However, researchers at the University of Leeds say improved farming and the development of new crops could lessen the worst impacts of these events on world agriculture, a university release said.

A summer of drought and wildfires dramatically hit harvests across Russia this year, leading the government to institute a ban on wheat exports. But the authors of the new study argue that adaptation to climate change is possible through a combination of new crops that are more tolerant to heat and water stress, and by changes in farming practices and investment.

Barroso says EU 'withstood' financial test

Strasbourg, France -- European Commission President Jose Manuel Barroso said the European Union came through the financial meltdown, not unscathed, but intact.

\"Over the last year, the economic and financial crisis has put our Union before one of its greatest challenges ever," Barroso said in a speech in Strasbourg, France, the EUobserver reported Tuesday.

"I believe we have withstood the test," he said, adding, "Those who predicted the demise of the European Union were proved wrong."

Barroso also said, "Our work is not finished."

US foreclosures up 4%; top 300000 for 17th month on the trot

Foreclosure crisis doesn't seem to be loosening its hold on the housing sector. After declining for the last three consecutive months, foreclosure activity is back up in the United States.


Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:12:\"user warning\";s:8:\"%message\";s:316:\"Table 'themoney_2011new.accesslog' doesn't exist\nquery: INSERT INTO accesslog (title, path, url, hostname, uid, sid, timer, timestamp) values('crisis', 'taxonomy/term/7089', '', '54.90.109.107', 0, '7d55ae20a9f33f2811a6fadcf59d3a7a', 3806, 1455025551)\";s:5:\"%file\";s:63:\"/home/themoney/public_html/modules/statistics/statistics.module\";s:5:\"%line\";i:63;}', 3, '', 'http://themoneytimes.com/tags/crisis', '', '54 in /home/themoney/public_html/includes/database.mysql.inc on line 135