Origins of the Economic Crisis — In One Chart !

" Every two years, Harvard Kennedy School hosts the newly elected Members of Congress for a three-day “briefing” on a wide variety of topics.   We had an excellent turnout this week: 40 of...

Market meltdown may claim another victim: Santa Claus

A six-year old campaign in Germany to ban Mr. Claus is picking up steam. " Santa beware! Activists in Germany are waging an international campaign to do away with old Father Christmas and say they are gaining...

How Can My Brother Walk?

Following is a narration by a 4th grader from the northern part of Sri Lanka (Vanni) of the Sri Lanka Airforce attack on an internally displaced hamlet on  29-November 2008. Because we have no father, my mother,...

More Job Losses in Media Industry

    Quebecor Inc's Sun Media said they will 600 jobs because of the current economic downturn and problems that face the print media industry. This cut represents 10% of the work force of Canada's...

Recession-Themed Christmas Cards a Good Sale This Holiday Season

If you think everything there was to invent in Christmas shopping has already been invented, think again. A New York entrepreneur Andrew Shaffer has discovered an unlikely Christmas shopping market niche. He is...

Suzuki Pulls Out of 2009 World Rally

    Suzuki, a Japanese car manufacturing company announced on Monday that they will be pulling out of the 2009 FIA World Rally Championship due to the global financial crisis. This really comes as...

Bank of America to Cut 35,000 Jobs by 2011

NEW YORK - Bank of America said yesterday taht it will eliminate 3,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch & Co. An announcement...

China sends jitters to India through Nepal

"Political and economic dynamics might have changed beyond recognition in the past half-century, but geographical reality appears to be something even Nepal's nuclear-powered neighbors are unable to gloss over. One remains...

Worrying signs as Vietnam’s peak tourist season approaches

The world economic crisis and high domestic inflation is hitting Vietnam’s tourism industry, which is not expected to meet a target of welcoming five million international tourists this year. " Culture, Sport and Tourism Minister...

In Lean Times, Online Coupons Catching On

"On the Internet, nothing travels faster than a tip on how to score a bargain. Especially in an economic downturn.With online retail sales falling this month for the first time, Internet merchants are offering...

Obama talks on economic recovery in radio address

"In his Youtubed weekly radio address -- you can hear it HERE -- President-elect Obama provides more details about his economic recovery plan. "We need action –- and action now," Mr. Obama says. "That is why I...

Detroit Three automakers seek aid from Canada

Canadian taxpayers are being asked to provide about $6 billion to the Detroit Three auto makers, and immediately.  This request came just a day after the temporary suspension of Parliament."Ford Motor Co....

Employers cut 533K jobs in Nov., most in 34 years

"Employers cut 533K jobs in Nov., most in 34 years Dec 5, 2008 Economy Dec 5, 3:22 PM (ET) By JEANNINE AVERSA WASHINGTON (AP) - Skittish employers slashed 533,000 jobs in November, the most in 34 years,...

Tell Congress to Bring Real Relief to Main Street.

"Although Congress took some action to address our nation’s economic crisis, too many Americans are still hurting. AARP is calling on Congress to support a plan to bring real relief to struggling Americans. We...

Bank of England slashes rates 1% to historic low

The Bank of England today slashed interest rates by a further 1%, bringing the interest rate to a historic low. The interest rate cuts in recent months have been among the fastest in Britain's history."The Bank of...

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