Merkel’s Back For Germany. What Does That Mean For Europe? (+video)
20 phone interview. Given that share prices have risen and borrowing has remained stable or decreased, it does imply there is a lot more optimism in the market. Short Interest Markits data shows the percentage of shares on loan as of Sept. 13 is hovering just above the 1.5 percent reached Aug. 23. That was the lowest ever in data going back seven years and compares with an average of 5.1 percent over that period. Mutual funds that buy European equities have attracted $13.1 billion in the past six weeks, according to data from Societe Generale SA and EPFR Global Inc., a research company in Cambridge, Massachusetts. That compares with outflows of $4 billion for funds that buy American stocks. Investors would need to send about $100 billion to European shares to restore the amount withdrawn since 2007, according to estimates from Paris-based Societe Generale based on data through the end of August. The Euro Stoxx 50 has returned 61 percent including dividends after sliding to a two-year low on Sept. 12, 2011, data compiled by Bloomberg show. Stopped Deteriorating There are a lot of reasons why you dont want to be underweight Europe, said Robin Thorn, who helps oversee $70 billion as head of equities at PineBridge Investments LLC in New York. Things have stopped deteriorating.
Somali jihadists recruit in U.S., Canada, Europe
Merkel won a stunning victory last night, almost capturing an absolute majority for the first time in over 50 years. She ultimately came just short of that feat, so her conservative Christian Democratic Union (CDU) will have to forge a coalition, most likely with the Social Democrats (SPD), which trailed over 15 points behind. RECOMMENDED: Think you know Europe? Take our geography quiz. But her strong mandate is clear. Last night’s results put Merkel on course to surpass Margaret Thatcher as the longest-serving female elected leader of Europe. They also seal her position as the world’s most powerful woman, putting Europe’s destiny more squarely than ever in her hands. But Europeans expecting major changes from Germany post-election, even with a government that turns leftward with a possible SPD coalition, are most likely going to be disappointed, say European analysts. A coalition could take months to build, delaying any forthcoming changes. And ultimately Merkel won such a clear mandate because Germans like her slow and hesitant approach on Europe. Ulrike Guerot, the German representative for the European Council on Foreign Relations, says there is a mismatch of expectations between what Europe seeks from Germany and Germany’s ability to follow through. Europeans, who historically wanted Germany restrained, now expect it to play a leading role in forging a more functional Europe. Germans, however, prefer to lead by example, rather than dictate, says Ms. Guerot. Germany’s influence on the system has grown, and this is a new situation for both sides. Status quo The CDU won 41.5 percent of votes, making it their strongest outcome since 1990 and exceeding pre-election expectations. They trounced the SPD, who garnered only 25.7 percent of votes.
A couple flee the area. As night fell, authorities said they had cornered the gunmen in the mall. Armed police leave after entering the mall. At least one suspect has been killed, a government official said. Police have said another suspected gunman has been detained at a Nairobi hospital. Armed police take cover behind escalators as smoke fills the air. Witnesses say tear gas was thrown in the corridors. A woman who had been hiding during the attack runs for cover after armed police enter the mall. A body is seen on the floor inside the smoke-filled four-story mall. An injured person is helped on arrival at the Aga Khan Hospital in Nairobi after the attack at the upscale mall. An armed police officer takes cover during a volley of gunfire outside the mall. Kenya mall attack >> Photos: Kenya mall attack “What we have learned for the last five years is we have to speak out against this,” Bihi said. Al-Shabaab breaks new ground with complex Nairobi attack In a message on its now-suspended Twitter page, Al-Shabaab named nine people it said were among the gunmen who stormed Nairobi’s Westgate Mall on Saturday. Three of them were from the United States and one each was from Canada, Finland and the United Kingdom, it said.