Bernanke: Cyclical Component of Unemployment Rate

July 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke says about 2 percentage points of the unemployment rate is "cyclical" and related to weak demand in the economy. Bernanke speaks in response to a question from Spencer Bachus, an Alabama Republican, during his semiannual testimony before the House Financial Services Committee. (This is an excerpt. Source: Bloomberg)
Greek Banking System Is the Real Pressure Cooker: Diebel
50:40 - Aviva Investors Head of Macro Strategy Charles Diebel discusses the Greek banking system and the possible emergence of a parallel currency. He speaks to Bloomberg’s Anna Edwards on “Countdown.” (Source: Bloomberg)
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