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Global Recession

Rising Government Debt and the Next Global Recession

Daniel Wagner | Posted 04.11.2015 | Business
Daniel Wagner

The recently released report from the McKinsey Global Institute on global debt is an important, and sobering, look at how little the world appears to have learned from the Global Recession, and just how dangerous levels of sovereign and consumer debt have become in the interim.

Japan Slips Back Into Recession

AP | ELAINE KURTENBACH | Posted 01.17.2015 | Business

TOKYO (AP) — Japan's economy unexpectedly shrank in the third quarter as housing and business investment declined following a tax hike, dragging the...

Government Trust Takes A Hit From Economic Crisis

AP | RAF CASERT | Posted 01.23.2014 | World

BRUSSELS — BRUSSELS (AP) — A leading international economic think-tank says the financial crisis of the past few years has severely sapped con...

Record High Eurozone Jobless Rate Won't Budge

AP | Posted 10.31.2013 | Business

BRUSSELS -- BRUSSELS (AP) — Official figures show the unemployment rate in the 17-nation eurozone remained unchanged in September at a record high o...

California's Pivotal Day: Things Could Have Gone Very Differently for Arnold Schwarzenegger, Jerry Brown, Gray Davis, and Many More

William Bradley | Posted 10.07.2013 | Politics
William Bradley

If a centrist Schwarzenegger was running for re-election in 2010, would Brown, who admired Schwarzenegger and knew first-hand how difficult an incumbent governor is to defeat, have run against him?

The Celtic Tiger Is Dead. Long Live The Celtic Tiger.

Ranjit Dighe | Posted 08.20.2013 | College
Ranjit Dighe

Northern Ireland was the perfect place for this week's G8 summit. These meetings are supposed to promote peace and prosperity, and Northern Ireland, s...

Eurozone Unemployment Reaches Record High

AP | PAN PYLAS | Posted 07.31.2013 | Business

LONDON — The unemployment rate across the 17 European countries that use the euro hit a record 12.2 percent in April, and the number of unemploy...

The Problem That's Ravaging Italy

Reuters | Posted 07.22.2013 | Business

* Recession has lasted almost two years * 8.6 mln live in seriously deprived families -ISTAT ROME, May 22 (Reuters) - Mi...

Youth Unemployment Threatens Economic Recovery

Reuters | Posted 06.03.2013 | Business

By Mike Dolan LONDON, April 3 (Reuters) - The global economy is recovering - although the younger you are and the longer you've been o...

Business Taking Flight: What Is Current Air Traffic Telling Us About the Economy?

Peter Hall | Posted 04.07.2013 | Business
Peter Hall

I spend a lot of time in airports each year, and I'm always interested in how busy they are. After all, a busy airport and full planes should mean the economy is going well, right?

Flu Pandemic Could Trigger A 'Major Global Recession'

Reuters | Posted 03.23.2013 | Business

By Sharon Begley Jan 21 (Reuters) - A high body count is not the only meaningful number attached to a pandemic. The pot...

Report: Global Wealth FALLS

Reuters | Posted 12.17.2012 | Business

By Astrid Wendlandt PARIS, Oct 17 (Reuters) - The combined wealth of all individuals has fallen this year for the first time since the...

IMF: 'A Cloud Of Uncertainty' Is Hanging Over The Entire World

AP | ELAINE KURTENBACH | Posted 10.09.2012 | Business

TOKYO -- Plagued by uncertainty and fresh setbacks, the world economy has weakened further and will grow more slowly over the next year, the Internati...

IMF Warns: Global Economic Slowdown Getting Worse

Reuters | Posted 12.07.2012 | Business

By Emily Kaiser and Lesley Wroughton TOKYO, Oct 9 (Reuters) - The IMF said the global economic slowdown is worsening as it cut its gro...

How Much Credit Can Obama Claim on the Economy?

Robert J. Shapiro | Posted 08.25.2012 | Politics
Robert J. Shapiro

Obama did successfully block the hard right program of slash-and-burn budget austerity, which almost certainly would have plunged the economy back into recession, as it did in Britain. But once again, come November, how much credit will he get for avoiding another downturn?

The Global Economic Slowdown

Jerry Jasinowski | Posted 08.14.2012 | Business
Jerry Jasinowski

The economic data gleaned over the past few weeks conveys a sense of foreboding about the health of the global economy.

Mark Gongloff

Recession Watch Begins | Mark Gongloff | Posted 06.01.2012 | Business

Get ready: The ugly May jobs report will revive talk of another recession. Don't believe it. Yet. The "R" word got dropped all over Twitter within ...

Dow Drops All Of 2012 Gains

Reuters | Posted 08.01.2012 | Business

* May payrolls report well short of expectations * China PMI falls, adding to global growth fears * Mining stocks rare g...

Global Tectonic Shifts

Scheherazade Rehman | Posted 07.09.2012 | College
Scheherazade Rehman

This is without doubt the worst financial crisis in over eight decades. There is a growing disquiet on the issues of fairness and justice of open markets economies.

Plutonomy and the Precariat

Noam Chomsky | Posted 07.08.2012 | Politics
Noam Chomsky

The Occupy movement has been an extremely exciting development. If the bonds and associations it has established can be sustained through a long, dark period ahead -- because victory won't come quickly -- it could prove a significant moment in American history.

Ex-Iceland Prime Minister Faces No Punishment For Role In Financial Crisis

AP | ANNA ANDERSEN | Posted 06.23.2012 | Business

REYKJAVIK, Iceland — The leader of Iceland's government when the nation's banking system collapsed was convicted Monday of one criminal charge, ...

Cities With The Most Expensive Office Space

The Huffington Post | Harry Bradford | Posted 02.08.2012 | Business

The global economy may still be in dire straights, but if demand for rental office space is any signal, things could be looking up. The global mark...

10 Retailers With The Most Sales Worldwide

The Huffington Post | Harry Bradford | Posted 02.05.2012 | Business

Regardless of the number of mom and pops around the world, a small number of retailers continue to dominate the industry as a whole. Of the top 25...

Where Is the Burning Man Heading?

Efraim Chalamish | Posted 04.01.2012 | World
Efraim Chalamish

The new regimes in the Middle East, driven by old and new strong Islamist political parties, face an unprecedented challenge. They need to bring years of economic regression to an end.

Davos 2012: Latin American Leaders Say Their Will Withstand Recession

AP | By NIKO PRICE | Posted 01.25.2012 | Business

DAVOS, Switzerland -- When the developed world sneezes, the old saying goes, Latin America catches a cold. But now, after decades of austerity and ref...