BBC Business Headlines

Greeks reject EU 'budget control'
Greek officials reject German proposals for a eurozone budget commissioner to oversee spending, as agreement nears on a second bailout for Greece.


IMF issues austerity cuts warning
Inappropriate spending cuts could "strangle" growth, so austerity measures should be tailor-made by each country, the head of the IMF warns.


US economic growth rate picks up
The pace of US economic growth quickened to a 2.8% annualised rate in the three months to December, the Commerce Department says.


US says trade anxieties worsening
US trade representative, Ron Kirk, has warned the US public increasingly feels global trade costs jobs, making it hard to sell any new world deal.


Davos 2012: Who's afraid of China?
Davos comes to terms with a new global power



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NY Times Economix

The Role of Austerity
Government spending helped mitigate the recession, but its decline has been a significant drag on growth for more than a year now.

The Quiet Driver of Economic Growth: Exports
Exports accounted for almost 14 percent of gross domestic product in 2011, the largest share since at least 1929.

How Readers Cut the Pentagon Budget
Among the more than 12,000 who used an interactive calculator, reducing troop levels in Europe and Asia was the most popular choice, and many saw potential administrative savings.

Do Big-Time Sports Mean Big-Time Support for Universities?
Even if most major athletic programs make little if any net revenue, their benefit to universities' bottom lines can be quantified in many ways, an economist writes.

Latinos on the Economy: Hard Hit but Hopeful
Latinos are keenly aware that they have fared worse than other groups in the economic downturn, a Pew survey found, but they remain surprisingly optimistic that things will improve for them.

Newt Gingrich, Gold and Property Rights
There is a legitimate critique to be made of the monetary and banking system, but talk of returning to the gold standard, rather than addressing the mortgage crisis, is not a serious approach, an economist writes.





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