You Are Here: Home » Economy
Europe Fiddles As the Global Economy Burns – Political Opinion
The International Monetary Fund (IMF) is forecasting that the global economy will contract in 2009 for the first time since World War II.
Decline in U.S. Auto Production Fuels Increase in Mexico’s Share
The deep recession and credit market freeze caused U.S. sales of cars and light trucks in 2008 to drop by 18% from 2007 levels. This decline worsened as 2008 progressed, punctuated by a 36% drop in year-over-year sales in December.
U.S. Job Openings Drop Even Lower
This morning the Bureau of Labor Statistics released the Job Openings and Labor Turnover (JOLTS) data for January 2009, which included revisions for the entire series. Job openings declined 7.2% in January to 3 million, down 32% from the start of the...
More Than 100 Million of the World’s Poorest Benefit From Microcredit
More than 106 million of the world’s poorest families received a microloan in 2007, surpassing the goal set 10 years earlier, according to a report released on 26 January 2009 by the Microcredit Summit Campaign. Microloans are used to help people living...Green Economy Could be an Affordable Way to Help Fight Climate Change
New figures just released show that moving to a “green” global economy could not only protect the planet from the worst effects of climate change but is surprisingly affordable.Despite Previous Failures U.S. Conservatives Insist Tax Cuts Will Work – Political Opinion
When it comes to reviving the economy, tax cuts do not work as well as smart public spending. That is economic common sense proven true by the past two attempts at tax-cut stimulus, in 2008 and in 2003-04. And yet, incredibly, we are starting to hear...Hotel Prices Fall 3% Across the World in Q3 2008
The Autumn 2008 Hotel Price Index™ from Hotels.com®, identifies Asian cities such as Bangkok, Shanghai and Kuala Lumpur as having some of the best value accommodations on offer in the world, with average hotel prices of around Rs 4,200 (£61 as surveyed)...Contemporary Art Prices Falling As Downturn Finally Hits the Arts And Antiques Market
The fairly robust Contemporary Art sector has suffered a turnaround in fortune with buyers cutting spending as they come to terms with the continuing global financial crisis. In Q4 2008, 41% more surveyors reported a fall than a rise in prices compared...
