Zimbabwe Unemployment Soars to 94%, Seven Million in Need of Food

More bad news for Robert Mugabe's government." Zimbabwe's unemployment rate has spiked to 94 percent, meaning that fewer than half a million people in the country are formally employed, the UN's humanitarian arm said...

A More Somber World Economic Forum At Davos

" The World Economic Forum, arguably the most prestigious gathering of world’s political, business and intellectual leaders (plus, absurdly, me and Robert Scoble), has officially opened at the tiny ski resort...

The Wealthy Turn Stealthy as US Economy Weakens

The rich are still maintaining their high lifestyles, but some are trying to hide their wealth. Retailing experts are calling this "luxury shame" or "stealth wealth". " Some shoppers are asking cashiers at...

In China, Adult Diaper Sales Soar Before Long Trips Home

I took this photo today at a local market in China, the store was selling "Dr. P. Adult Diapers". You get 10 in a bag and the price was 30 RMB ($4.38).  If you click on the photo, you can view it in a...

Recycling Market in China Shattered, Glass Bottles Turned Away

China has been one of the largest importers of waste material. But as the world economy has slowed, there has been a severe drop in demand. Biz Journal quoted Brian Scaffer of Blue Mountain Recycling, located in...

2009 Chinese New Year - Fireworks Show Video

On a cold night in Qingdao, China, the New Year celebration is under way. Non-stop fireworks and a party atmosphere.