By Ben Baden, US News 28 September 2011 Next week, the Labor Department will release its much-anticipated monthly jobs report. Last month, the economy added exactly zero jobs overall, and 14 million Americans still remain unemployed. Economists expect September’s numbers to be a slight improvement, but not enough to make a noticeable dent in the […]
By Iftikhar A Khan24 September 2011 ISLAMABAD: The United Nations warned on Saturday of a food security and shelter crisis, saying it would soon run out of its stocks of food, essential medicines and tents if the international community failed to support the rapid response plan for flood victims in Sindh. Speaking at a briefing […]
The 2011 Texas drought has caused more than $5 billion in losses for farmers and ranchers, according to a Texas A&M University study, and has sparked damaging wildfires. A $5 billion dry spell Technorati Tags: North America,agriculture,drought,wildfire,freshwater depletion,financial collapse,poverty,global warming,climate change
By Tami Luhby, CNNMoney 23 September 2011 NEW YORK (CNNMoney) – Guess where most people in poverty live? Hint: It’s not in the inner cities or rural America. It’s in the idyllic suburbs. A record 15.4 million suburban residents lived below the poverty line last year, up 11.5% from the year before, according to a […]
After a rapid post-crisis recovery, the world economy is slowing down from around 4 per cent GDP growth in 2010 to about 3 per cent in 2011 (see table). Developing economies will continue to record higher growth, at above 6 per cent, compared with developed economies, which registered a mere 1.5 per cent to 2 […]
By NEIL MacFARQUHAR6 September 2011 UNITED NATIONS — The global economy faces a decade-long stagnation because governments are pursuing deficit cuts and other austerity measures rather than providing the needed stimulus packages, said a United Nations economic report released Tuesday. Instead of new regulation of the financial system to address the problems that helped bring […]
By Kristina Cooke, with additional reporting by Jessica Wohl in Chicago; editing by Martin Howell in New York22 August 2011 NEW YORK (Reuters) – Genna Saucedo supervises cashiers at a Wal-Mart in Pico Rivera, California, but her wages aren’t enough to feed herself and her 12-year-old son. Saucedo, who earns $9.70 an hour for about […]
By Kit Gillet in Ben Tre, Vietnam, www.guardian.co.uk 21 August 2011 Sitting amid buckets of rice in the market, Nguyen Thi Lim Lien issues a warning she desperately hopes the world will hear: climate change is turning the rivers of the Mekong Delta salty. “The government tells us that there are three grams of salt […]
Karl Marx was right that globalization, financial intermediation, and income redistribution could lead capitalism to self-destruct. By Nouriel Roubini15 August 2011 NEW YORK—The massive volatility and sharp equity-price correction now hitting global financial markets signal that most advanced economies are on the brink of a double-dip recession. A financial and economic crisis caused by too […]
By Peter Gorenstein, Daily Ticker 12 August 2011 The United States military budget accounts for over 40% of the world’s annual military expenditures and, at around $700 billion per year, more than 20% of the federal budget. The Federal government wants to curb that spending as part of deficit reduction. Last week’s deficit deal calls […]
