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Global Economy

Inaugural Hope, but America Is in Shock

Nathan Gardels | Posted 02.07.2009 | Business

Read More: George Soros, Wall Street Crisis, Global Economy, Wall Street, Joseph Stiglitz, Economy, Economic Crisis, Capitalism, Barack Obama, Business News
Nathan Gardels

The year 2008 is likely to go down in American history as an even more pivotal one than 2001, because the life of the average American is going to be shaped far more by the consequences.

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A Casualty of Economy or of Perfectionism?

Pavel Somov, Ph.D. | Posted 02.07.2009 | Politics

Read More: Suicide, Stress, Financial Crisis, Global Economy, German Billionaire, Economy, Merkle, Politics News
Pavel Somov, Ph.D.

CNN reported that a 74 year old German billionaire Adolf Merckle, once a # 44 on the Forbes list of the world's richest people, committed a suicide by...

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Obama-Nomics Coming

Diane Francis | Posted 02.06.2009 | Business

Read More: Investment Banks, Global Reforms, Aig, Credit Default Swaps, Global Economy, President Obama, Wall Street, Lehman, Economy, Meltdown, Banks, Global Credit Crisis, Obama, Credit Crisis, Market Reforms, Obama's Economic Team, Business News
Diane Francis

Obama-nomics won't merely be the New Deal Part Two. It will have to be executed along with policies hammered out in partnership with the best minds and most enlightened leaders in the world.

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Russian Index Dropped 72.4 Percent In 2008

CNBC | Posted 01.31.2009 | Business

Read More: Russia, Financial Crisis, Global Economy, Russian Stocks, Economy, Business News

Russia's benchmark RTS share index lost 72.4 percent in 2008, ranking it among the world's worst performing markets in one of the worst years ever for...

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Shanghai Index Down 65 Percent In 2008

247wallst.com | Posted 01.31.2009 | Business

Read More: Global Economy, 2009 Economy, Economy, Financial Crisis, China, Shanghai Index, Business News

The Shanghai Composite, which measures the combined share value of most of the large public companies in China, fell 65% this year. Among the major US...

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Japan Auto Production Drops Most Since 1967

AP | YURI KAGEYAMA | Posted 01.25.2009 | Business

Read More: Global Economy, Economy, Oil Prices, Oil, Cars, Financial Crisis, Japan, Japan Auto Industry, Business News

TOKYO — Japan's production of cars, trucks and buses marked its steepest drop in at least four decades in November, an industry group said Thurs...

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OPEC Wants $70 Oil, But World Sneezes At Output Cut

247wallst.com | Posted 01.25.2009 | Business

Read More: Iran, Global Economy, Venezuela, Economy, Russia, Oil, Oil Prices, Opec, Business News

The oil consuming world has slapped the cartel by continuing to drop prices after OPEC's big cut last week.. Today, crude traded down a stunning 9% to...

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China's Opportunity: "US Financial System Is Seen As Having Failed"

Wall Street Journal | GERALD F. SEIB | Posted 01.23.2009 | Business

Read More: Global Economy, Finance, Economy, Financial Crisis, Market Capitalism, China, Business News

The "Anglo-Saxon brand of market-based capitalism" is under a cloud, Roger Altman, former U.S. deputy Treasury secretary and now chairman of Evercore ...

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Oh Christmas Shoe - Oh Christmas Shoe.

Michael DeJong | Posted 01.22.2009 | Style

Read More: Iraq War, Man Throws Shoes at Bush, Green Collar Jobs, Global Economy, Christmas, Santa Claus, Shoes, Barack Obama, Global Warming, Holiday Season Commentary, Style News
Michael DeJong

In the Netherlands as it is customary, if shoes are properly placed out for Santa and filled with the goodies he enjoys most, I'm certain he'd fill all of them, big or small.

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Toyota Projects First Ever Operating Loss For Year

AP | YURI KAGEYAMA and DAN STRUMPF | Posted 01.22.2009 | Business

Read More: Automakers, Global Economy, Economy, Cars, Toyota, Business News

NAGOYA, Japan — Toyota has hit a speedbump. The Japanese auto giant forecast its first operating loss in 70 years on Monday, more fallout from ...

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Russian Oligarch Oleg Deripaska Struggles To Save Metals Empire

Wall Street Journal | GREGORY L. WHITE and DANA CIMILLUCA | Posted 01.22.2009 | Business

Read More: Russia, Oleg Deripaska, Financial Crisis, Global Economy, Russian Oligarchs, Economy, Business News

MOSCOW -- Just before midnight earlier this month, one of Russia's richest businessmen was rushing among the dark-paneled meeting rooms outside his of...

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Global Economy Shrugs At Massive OPEC, Fed Cuts

Reuters | Mary Milliken | Posted 01.17.2009 | Business

Read More: Global Economy, Fed Cuts, Economy, Financial Crisis, Global Economic Slowdown, Opec Cuts, Business News

The global economic slowdown trumped even the biggest OPEC output cut ever on Wednesday as the measure aimed at boosting oil prices instead deepened t...

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Obama's Global Challenge

Marco Trbovich | Posted 01.11.2009 | Green

Read More: President Obama, Coal Energy, Cap and Trade, Global Economy, Clean Coal, Dirty Energy, Globalization, Obama Administration, Clean Energy, Energy Policy, Robert Rubin, Clintonian, Steve Hildebrand, Consumer Goods, Obama Appointees, Green Economy, Barack Obama Environmental Policy, President Elect Obama, Citigroup, Green News
Marco Trbovich

America's energy future is a goods news, bad news joke. The good news is that America has enough domestic resources to meet its energy needs. The bad news is, the resource is coal.

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China's Exports Plunged, Figures 'Horrifying'

The Economist | Posted 01.11.2009 | World

Read More: Global Financial Crisis, Financial Crisis China, Global Economy, China Exports Fallen, China Exports, Economy, China Trade Figures November, China, China Economy, World News

JUST how worrying are the figures, published on Wednesday December 10th, showing that China's exports and imports plunged in November? Exports fell by...

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Rebuilding Our Economy From the Ground Up

Scott Kurashige and Grace Lee Boggs | Posted 01.10.2009 | Politics

Read More: Automakers, Labor, Global Economy, Big 3, Bailout, Gm, Activism, Chicago, Economy, Obama, Uaw, Detroit, Sustainability, Politics News
Scott Kurashige and Grace Lee Boggs

In one of the great events in our nation's history, the United Auto Workers brought GM to its knees with the Flint sit-down strike of 1936-37. For six...

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Chinese Grads Worried, Experts Optimistic

Michael Standaert | Posted 01.09.2009 | World

Read More: Jobs, Global Economy, Economy, China, World News
Michael Standaert

I was down in Guangzhou and attended a job fair to interview students about how they felt about the state of the economy and whether or not they were worried about finding a job.

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European stocks rise despite Wall Street losses

AP | PAN PYLAS | Posted 01.09.2009 | Business

Read More: Global Economy, Finance, Stocks, Economy, Financial Crisis, Personal Finance, Sustainability, Business News

LONDON — European stock markets closed higher Tuesday, helped by a better than expected German investor survey and despite losses on Wall Street...

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Jordan First: A King's Modernization Motto Obscures a Palestinian Past and Iraqi Present.

Ahmed Shihab-Eldin | Posted 01.05.2009 | World

Read More: Middle East, Jordan, Palestinians, Iraqi Refugees in Jordan, Arab World, Usaid, Persian Gulf, King Hussein Jordan, Palestinian Refugees, King Abdullah, United States, Jordan's Queen Rania, Foreign Policy, Arabs, Rising Food Prices, Global Food Prices, United Nations High Commissioner for Refugees, Education Reform, Amman, Global Economy, Global Economic Crisis, World News
Ahmed Shihab-Eldin

Soon, I would learn that the "Jordan First" initiative, first launched in 2002 with the stated goals of reform and democratization, now carried a meaning much deeper.

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Reflecting On Economic Meltdown, International Newspapers Hold U.S. Responsible

James Freedman | Posted 01.04.2009 | World

Read More: India, Global Economy, United Kingdom, Economy, Economic Crisis, Recession, World Editorial Roundup, Global Economic Crisis, South Africa, Wall Street Crisis, Indonesia, Wall Street, Bailout, South Korea, Dollar, Weak Dollar, Editorial Roundup, Ceos, Banks, Banking Crisis, Financial Crisis, Japan, World News
James Freedman

World Editorial Roundup for December 4, 2008.

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Dream Jobs In Dubai Dry Up

Financial Times | Posted 01.02.2009 | World

Read More: Goldman Sachs, Dubai Real Estate Companies, Morgan Stanley, Global Economy, Credit Suisse, Economic Crisis, Abu Dhabi, Dhabi, Qatar, United Arab Emirates, Economy, Dubai, Global Economic Crisis, World News

Until only a few months ago, many executives from developed economies viewed the Gulf as bolthole to ride out the global economic storm. Now the ax...

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Weekly Audit: It's a Recession, Stupid (and what that means) Economy NewsLadder

The Media Consortium | Posted 03.25.2009 | Business

Read More: U.S. Economy, Nber, Unemployment, Wall Street, Economics, Global Economy, Dow Jones Industrial Average, Recession, National Bureau of Economic Research, Economy NewsLadder, The Media Consortium, Newsladder, Economy, Financial Crisis, Bailout Outrage, Business News
The Media Consortium

We are clearly out of options that match up with Friedman's monetarism, indicating that public policy has nowhere left to turn except direct government spending on economic support.

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The US Economy Is Shrinking, But It Isn't Alone

Economix | Catherine Rampell | Posted 12.26.2008 | Business

Read More: Global Depression, Global Recession, Depression, Global Economy, Economy, Gdp, Recession, Business News

Today the revised gross domestic product report came out, and it showed that the United States economy shrank by 0.5 percent in the third quarter. How...

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UK's Gordon Brown Taxes Rich To Help Fund Economic Recovery

AP | DAVID STRINGER | Posted 12.25.2008 | Home

Read More: Taxes, Uk, Gordon Brown, Financial Crisis, Global Economy, Economy, Home News

LONDON — British Prime Minister Gordon Brown set out plans Monday to raise an income tax rate for the first time in three decades, abandoning a ...

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China Now Largest Holder Of US Treasuries

247wallst.com | Posted 12.19.2008 | Business

Read More: Financial Crisis, Global Economy, China, Finance, Economy, US Treasuries, Business News

The next time Congress wants to raise a $700 billion bailout fund or put together a new package to help a firm like AIG (AIG), Washington is going to ...

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GM Must Re-Make the Mass Transit System it Murdered

Harvey Wasserman | Posted 12.18.2008 | Green

Read More: Mass Transit, US Auto Industry, Global Economy, GM Bailout, Bradford Snell, Cars, Passenger Rail, Green Power, Green Energy, Alfred P. Sn, Solartopia, Environment and Government, Who Killed the Electric Car, Bailout, General Motors, Standard Oil, Trolley Systems, Gm Green, Trains, Buses, Detroit Bailout, Global Warming, Green News
Harvey Wasserman

GM's special role in history must now evolve into using its infrastructure to restore the mass transit system -- and ecological balance -- it has helped destroy.

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