GENEVA, 15 December 2016 (ILO News) – Wage growth around the world has decelerated since 2012, falling from 2.5 per cent to 1.7 per cent in 2015, its lowest level in four years. If China, where wage growth was faster than elsewhere, is not included, growth in global wages dropped from 1.6 per cent to […]
By May Wong8 December 2016 (Stanford University) – Parents often expect that their kids will have a good shot at making more money than they ever did. But young people entering the workforce today are far less likely to earn more than their parents when compared to children born two generations before them, according to […]
By Ian Urbina24 November 2016 MIAMI, Florida (The New York Times) – Real estate agents looking to sell coastal properties usually focus on one thing: how close the home is to the water’s edge. But buyers are increasingly asking instead how far back it is from the waterline. How many feet above sea level? Is […]
26 October 2016 (UN) – Prior to a meeting today at the United Nations on sovereign debt restructuring, the UN Conference on Trade and Development (UNCTAD) announced that in order to deal with sovereign debt crises – which are creating a growing threat to economic stability in many developing countries – the world is in […]
By Carla Hinton Published14 October 2016 (NewsOK) – More than 400 people gathered Thursday to pray for the oil patch — Oklahoma’s beleaguered energy industry, which is experiencing a downturn critically affecting the state’s economy. The sixth annual Oklahoma City Oilfield Prayer Breakfast at the Tower Hotel featured keynote speaker Harold Mathena, a retired oil […]
By David Lawder; Editing by Marguerita Choy 5 October 2016 WASHINGTON (Reuters) – The world is swimming in a record $152 trillion in debt, the IMF said on Wednesday, even as the institution encourages some countries to spend more to boost flagging growth if they can afford it. Global debt, both public and private, reached […]
By Ian Johnston5 October 2016 (Independent) – A renowned economist who helped persuade the world to start taking climate change seriously has warned the global economy could “self-destruct” if countries fail to ditch fossil fuels and embrace a clean, green, high-tech future. Professor Lord Nicholas Stern was credited with bringing about a sea change in […]
By Travis M. Andrews 4 October 2016 (Washington Post) – Residents of Flint, Mich., are still afraid of the city’s water. That fear, caused by the 2015 findings of elevated lead levels in the town’s water supply, had led many of the town’s residents to forego some basic hygiene, such as washing their hands or […]
TUNIS, 25 September 2016 (Associated Press) – Struggling with extremism and economic woes, Tunisia now faces another menace: persistent drought across several regions that is creating new social tensions and threatening farming, a pillar of the economy. Farmland is too parched to cultivate crops and rural protesters have tried disrupting water supplies to the capital, […]
By Fabiola Sanchez7 September 2016 CARACAS, Venezuela (AP) – Carlos Parra used to love waking up to see his pet albino boxer, Nina. Now, seeing her skeletal body on the floor next to his bed has become a daily reminder of the economic crisis engulfing Venezuela. His other dog’s thick fur barely hides her ribcage […]
