SHIPPERS ARE NOT ACTING RIGHT.
"What FedEx had to say was in many ways not too surprising. Weak growth worldwide, with a Europe still in crisis and a slowing China, has crimped revenues for the company, forcing them to lower earnings estimates for the first quarter."
YRC Worldwide Inc. "has shrunk its headquarters staff from around 2,000 to less than 400 as the company tries to streamline its operations."
LONG BEACH, Calif. " (AP) -- UTi Worldwide Inc. reported Thursday that net income fell 17 percent in its fiscal second quarter as a weak economy hurt demand for freight services. CEO Eric W. Kirchner said companies were "increasingly careful" about spending on freight and logistics, and he doesn't expect weak trends to change in the second half of the year."
Jacob Kirkegaard of the Peterson Institute for International Economics says the plan is not a band-aid and "really does have the potential to be a game changer."
Here's how it will work: The ECB will buy unlimited government bonds so long as that euro zone government complies with an economic reform program approved by the euro zone leaders. The ECB, in turn, will offset those purchases by taking an equal amount of money out of circulation, keeping its mandate to maintain stable prices.