By Dennis Cauchon, USA TODAY13 April 2011 The share of the population that is working fell to its lowest level last year since women started entering the workforce in large numbers three decades ago, a USA TODAY analysis finds. Only 45.4% of Americans had jobs in 2010, the lowest rate since 1983 and down from […]
By Tami Luhby, senior writer13 April 2011 NEW YORK (CNNMoney) — One in six Americans is receiving help from the government, just as fiscal austerity threatens to reduce some of that aid. Soaring unemployment during The Great Recession has driven tens of millions of people to the dole. Enrollment in Medicaid and food stamp programs […]
By Rob Neill, business producer at msnbc.com29 March 2011 When was the last time you were in a record store? Yeah, we can’t remember either (maybe it was December, but that was to buy concert tickets). Market research firm IBISWorld.com analyzed its database of 700 industries and came up with 10 that, if not dead, […]
By Gail the Actuary28 March 2011 The idea that high oil prices cause recessions shouldn’t be any surprise to those who have been following my writings, those of Dave Murphy, or those of Jeff Rubin. Last month, though, the Wall Street Journal finally decided to mention the idea to its readers, in an article called […]
By Lewis SmithMonday, 28 March 2011 Catherton Common reverberates with the distinctive song of skylarks. It boasts stunning views over the Shropshire countryside and is one of the most valuable spots for plants anywhere in Britain. Just two years ago, its huge botanical diversity and nationally important populations of adders and other struggling native reptiles […]
Two years ago, Zimbio hosted a nice photo gallery named “Town Of Rio Vista Nears Bankruptcy, As Foreclosure Crisis Spreads,” which introduced us to a development in Rio Vista, California. Only a handful of the planned 750 homes were built before the global financial bubble burst. Construction halted on November 20, 2008. 2008 […]
By Thin Lei Win; editing by Katie Nguyen24 Mar 2011 BANGKOK (AlertNet) – Pakistan’s reconstruction following the worst floods in recorded history will take a minimum of three to five years, the head of the country’s disaster management body said, adding that more money should have been poured into maintaining dikes and dams. Massive flooding […]
By Donna CooperFebruary 22, 2011 House leaders are unfortunately restricting their proposed budget cuts for the remainder of fiscal year 2011 to nonsecurity discretionary spending in an attempt to tame a $1.3 trillion deficit. This approach is especially shortsighted since the Federal Treasury loses twice as much revenue due to tax breaks than Congress appropriates […]
By Jacob Goldstein1 March 2011 China holds about $1.2 trillion in U.S. government debt, according to the Treasury Department’s latest figures. That’s about 30 percent higher than the previous estimate. This is part of those global imbalances we keep talking about. China exports more than it imports; the U.S. imports more than it exports. So […]
Nairobi — Rising inflation is threatening East Africa Community’s economic growth. From Nairobi to Dar es Salaam and Kampala, all signs point to surging inflation in the region in the coming days. An array of issues from drought to food scarcity to escalating oil prices continue to pile pressure on households’ expenditure. Political crises in […]
