Economics : Business & Finance
If things began to totter in 2008, it appears that 2009 will be the year that they eventually plunge. The evidence is all around us: Banks, victims of their own hubris and greed are on life-support, requiring fresh injections of capital in the form of massive government bail outs just to stay afloat
Recently the US the current account has reached an unprecedented level, reaching nearly 6% of GDP. Despite the record levels of deficit many in the US administration have argued that there is nothing to worry about, confident the US will continue to receive capital inflows to finance the deficit.
What exactly is a recession, and are we presently experiencing one?The differences between a recession / a depression and understanding them.
The buzz about the unemployed being discriminated against is ridiculous. Especially during such difficult economic times. What is one to do if they're unable to work, how do you feed your family, or even have a descent place to live. Discriminating against the unemployed is a terrible things th
Peter Orszag has an educational and professional career that spans decades, and in this time he has put his time and effort into saving the American and even the global economy. His academic work while representing numerous administrations have helped keep the American economy on track.
Bailing out the car companies might seem like a good idea, but in reality, is it something that we really should be doing or, instead, should we let them file for bankruptcy? Furthermore, would the economy survive if this did happen?
Despite the economic downturn, remittance flows between the Gulf Cooperation Council and the Southeast Asian migration corridor have remained relatively strong and resilient-and, in some cases, have continued to grow. Part of the reason is attributable to the rebound in oil prices, which sustained e
1859: Charles Darwin publishes "The Origin of Species," a book describing how the strongest, fasted, and smartest survive to, over thousands of years, evolve our species through sexual reproduction. 150 years later, in 2009, we celebrate this book with a devastated economy, due in no small
Many Britons are putting themselves under unnecessary financial pressure, new research indicates. In a study conducted by the Motley Fool, the typical consumer is reported to have about two or three credit cards, with a fifth of these borrowers carrying over 1,137 pounds in debt each month.
The article provides findings of a research study focusing on the factors affecting luxury consumption practices in the UK and India. It shows similarities and differences in consumption practices among consumers in both markets.
How can we explain to the American People that socialism is dangerous and leads to collapses in Civilization, less choice, less opportunity and utter chaos as it declines? How can we show the rest of the world by leading by example that Communism pushes people down and capitalism pushes people up.
A report by National Bank Financial confirms what every Canadian already knows, shopping prices in Canada haven't gone down as the Canadian dollar climbs. The dollar is now at parity with the American dollar, however, prices for many retail items remain higher than in the US.
At present IT is the fastest growing industry. When we compare the evolution of computer technology and the several inventions that has taken place, it is evident that this industry is growing very fast and at a very rapidly. All the credit of this exponential growth goes to the promptly emerging ne
Why hasn't the economy recovered? Will it? If so, when? Many political pundits, and politicians have weighed in, and so have many economists. But maybe, just maybe, they are all missing something.
We owe our existence to the undying hustle of entrepreneurs, the unending spending of consumers, the unwavering input of workers, and the heavy taxation by our governments. Neither can exist in isolation. It's either all, or none, Economics 101.
You've heard the news, read the doom-mongers in the tabloids, and feel a bit uneasy about the credit crunch.But are you wondering what exactly this 'crisis' engulfing us all is?If you're struggling to tell your sub-prime from your prime cut, or your money-markets from your superm
The results of the annual survey on world economies were published in Switzerland. Thereat, the specialists have identified the country with the best working conditions. USA still heads the list. Singapore and Hong Kong have also entered the list of the most attractive states.
Developed economies that issue international reserve currencies should shoulder their fiscal responsibilities. The G20 has an important role to play in enabling countries to address the international financial crisis in a cooperative way, and is actively evolving into a regular global economic gover