Greece teeters on default

With Greece on the edge of default, president Obama has drawn a hard line on deficit reduction, aimed at mimicking the tactics of his GOP counterparts. The difference is, the White House plan includes tax increases.

That likely sits well with Berkshire Hathaway’s newest manager, who is taking less salary and paying more taxes, by choice.

And, as Americans worry about a coming wave of layoffs, Italy is adopting a novel stance to an S&P downgrade of its debt – simply ignore it.

In Switzerland, UBS continues to lick its wounds following the news a rogue trader lost the company around $2 billion, causing pundits to point out such activity is the reason the Dodd-Frank legislation came to pass.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.