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Global Recession

Gary Gensler CFTC Chairman: Three Key Reforms Will Prevent Another Derivatives 'Inferno' | Gary Gensler | Posted 05.25.2011 | Business

In the autumn of 2008, certain financial institutions kicked over the lantern that set off the financial crisis -- a fire that nearly burned down the ...

Chinese Bank Lending Restricted For Second Time In A Month

AP | STEPHEN BERNARD and TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Industrial stocks stumbled Friday after China said it would take more steps to keep its economy from growing too fast. The Dow Jones...

Irish eyes aren't smiling on the Emerald Isle

Rory Fitzgerald | Posted 05.25.2011 | Home
Rory Fitzgerald

EXPECT MORE Irish misery memoirs in 20 years' time. Like a familiar glove, despondency has again wrapped itself around the Emerald Isle. Except this ...

Nouriel Roubini: Stimulus Exits Must Be Timed To Prevent Second Downturn

Posted 05.25.2011 | Business

In an interview from Davos today, economist Nouriel Roubini told Bloomberg Television that the global economy could endure a second recession if gover...

Obama's Off To A Very Good Start

William Bradley | Posted 05.25.2011 | Politics
William Bradley

I think Obama's off to a very good start. But let's not clear space on Mount Rushmore yet. Just as I didn't think he deserved the Nobel, I don't think that Obama's very good start equates to a great presidency.

Fareed Zakaria: China Is The Recession's "Winner" | Fareed Zakaria | Posted 05.25.2011 | Business

The great surprise of 2009 has been the resilience of the big emerging markets -- India, China, Indonesia -- whose economies have stayed vibrant. But ...

Three Month's Wages for a Can Opener

Yoani Sanchez | Posted 05.25.2011 | World
Yoani Sanchez

The store is located at the corner of Galiano and San Rafael streets. It's like an alien spaceship that landed in a neighborhood that has seen its businesses turned into homeless shelters.

Thriving Costa Rica Sex Trade Attracts Prostitutes, Patrons From Afar

Huffington Post | Posted 05.25.2011 | World

The Miami Herald reports that the global recession has boosted Costa Rica's sex trade as more women from countries throughout Latin America travel to ...

The Outsourcing Dilemma

Posted 05.25.2011 | Business

Sarah Atkinson Ramirez shared her story with HuffPost. Her story affect her entire town, a town that her family helped build. Sarah runs the Atkinso...

Sarkozy Wants Happiness Used As Economic Indicator

AP | EMMA VANDORE | Posted 05.25.2011 | World

PARIS — French President Nicolas Sarkozy asked world leaders to join a "revolution" in the measurement of economic progress by dropping their ob...

World Job Market Showing Signs Of Recovery

The Guardian | Kathryn Hopkins | Posted 05.25.2011 | World

Britain's employers are reporting improved recruitment plans for the first time in three years, offering a "glimmer of hope" to jobseekers in the run-...

Ireland, Long One Of World's Most Expensive Countries, Gets Cheaper

Global Post | Posted 05.25.2011 | World

By Conor O'Clery | GlobalPost DUBLIN -- Long classified as one of the more expensive countries in the world, Ireland is steadily becoming a cheaper...

Latest Consumer Spending Data Much Worse Than Expected

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

The centrality of the U.S. consumer to the overall global economy has meant his pulling back on a debt induced shopping spree, which has sparked a worldwide synchronized recession.

Asian Economies Having Astonishing Rebound From Global Recession: Economist

Economist | Posted 05.25.2011 | Business

Asia's emerging economies are leading the way out of recession; now they must make their recovery last...

Barter Markets: Can Trading Beef for a Backpack Keep Consumption in Check?

Kirsten Dirksen | Posted 11.17.2011 | Healthy Living
Kirsten Dirksen

One market devotee explained, "It's a way to give value to things. To leave money aside, even if just one day a year, and to encourage more the exchange."

Hallelujah, Salvation Is At Hand! Or Is It?

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Fundamental problems are not being resolved, but rather papered over: the excess debt of low quality, excess speculation in the financial markets and mushrooming debt and deficits.

Trade Adjustments and Stimulus Packages in the Global Recession and Recovery

Mark Weisbrot | Posted 05.25.2011 | Business
Mark Weisbrot

Hans Timmer, Director of Economic Forecasting at the World Bank, told the Wall Street Journal that China will lead the world out of this recession. He appears to be correct.

Sam Stein

IMF Predicts End Of Global Recession... Which May Bode Well For Recession | Sam Stein | Posted 05.25.2011 | Politics

The International Monetary Fund has made the cautiously optimistic prediction that the global recession is coming to an end. Given the organization's ...

Geithner 'The Force Of The Global Recession Is Receding'

AP | ADAM SCHRECK | Posted 05.25.2011 | Business

DUBAI, United Arab Emirates — U.S. Treasury Secretary Timothy Geithner reached out to Gulf Arab leaders Tuesday, stressing to some of America's ...

Will China's Economic Crisis Worsen Due to Stimulus Spending?

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

How ironic that the savior of global capitalism is determined to be the largest Communist state still in existence.

Japanese Love Hotels Boom In The Recession

Huffington Post | Stuart Whatley | Posted 05.25.2011 | World

In Japan, where the global financial meltdown has especially taken its toll, not all industries are languishing. In fact, one of the most notably res...

World Bank Issues Gloomy Forecast on Global Economic Crisis

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

This is a disaster-laden forecast, which essentially describes a developed global economy mired in staggering contraction.

Antwerp's Diamond District Suffers In Recession

Guardian | Posted 05.25.2011 | World

Huge decline in the gem trade is affecting a small, ethnically diverse district in Belgium...

Unexpected Opportunities in the Midst of Recession

Monica Ali | Posted 05.25.2011 | Business
Monica Ali

Now is a good time to look at some illusions which have remained more deeply embedded in our work culture.

The Moment for Public-Private Partnerships Is Now

Gov. David A. Paterson | Posted 05.25.2011 | Politics
Gov. David A. Paterson

If we are to finance and build a world-class infrastructure for America, we must seek new solutions. And a promising solution is at hand: public-private partnerships.