Why Immigrant Workers Are Better

"The fact is that among poor people manual labor does not have the same stigma that it has for wealthier people. Americans, in particular seem to have an aversion to manual labor. There are many people elsewhere who not only have never done anything but manual labor, their...

Minorities lag in investing

Economic challenges face minorities now more then ever. Lack of financial education is the greatest setback for any groups economic advancement. As minorities struggle to move forward in the financial landscape, it is most important that they attain a better knowledge of...

Berlin Tops Germany for 'Creative Class'

"Every city has its ups and downs, some more extreme than others. Berlin was divided by a war, with the West heavily subsidized for decades after industry fled to other parts of the country and the East artificially propped up by a Communist regime. After the fall of the...

Iran hangs three rapists in public

"Iran hanged three men in public today for raping and robbing 12 young women, Iranian media reported. The men were executed in front of thousands of spectators at a sports complex in the northern city of Babol. Babol Public prosecutor Fazlollah Vakilirad said they began their...

House price crash feared as buy-to-let landlords sell

"Buy-to-let landlords could trigger a house price crash as increasing numbers sell their properties because of higher interest rates and fears of price falls. According to property website landlord.co.uk, many are panic-selling, fearing a bleak winter for the housing market....

Frustrated New Yorkers Grapple With Loan Rates

"A MONTH after the mortgage markets started to crumble, mortgage brokers and lawyers say that New Yorkers are finding it harder than ever to get mortgages and are increasingly backing out of deals. This lending slowdown has seemed to affect a broader segment of New York City...

British couple's 22-year motel stop

"A British couple have shacked up in a budget roadside motel for more than 20 years because they love never having to do the laundry or cooking, they said Tuesday.David Davidson, 79, and his wife, Jean, 70, first tried out a Travelodge hotel while visiting a sick aunt in 1985...

Millionaire bids to help jobless

JIM McColl OBE head of Scottish international engineering  Clyde Blowers and  Weir Pumps, and Scotland's tenth-richest person, heads a new organisation in a bid to tackle Glasgow's unemployment." Jim McColl has been named chairman of Glasgow Works (Route 1), which...

OECD warns of 'ominous' risks to world economy

Economic prospects in the US, Europe and Japan have become less buoyant and more uncertain, US growth is likely to be weighed by a weaker housing sector while activity in the Euro area and Japan should pick up after the second quarter slowdown said OECD chief economist...

Fresh warnings on housing costs

House price inflation is expected to ease over the rest of 2007. The increase in mortgage rates since last summer is having an effect on housing affordability and will bite further during the coming months. Negative real earnings growth so far this year - average earnings...

Drive your car to death, save $31,000

Driving my car to death, I will save $31K? This must be serious?

Chinese-Made Luxury Toothpaste Recalled

In yet another damaging incident to the Chinese export industry, Indianapolis-based Gilchrist & Soames announced that it was recalling Chinese-made toothpaste that it had distributed to hotels, stating that the toothpaste contained diethylene glycol, a toxic chemical also...