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Economics : Business & Finance

Least Developed Countries and the Fourth World

The French Revolution etymological origins of Sauvy's Third World coinage were completely shorn off when the term Fourth World came into currency in the 1970s, though the original usage did stay consistent with his use of Third World. As originally coined, the Fourth World consists of stateless

Top Economist Roubini Warns of Asset Bubbles

Unless regulators begin to levy stringent regulations, said Roubini, the asset bubbles that are already forming may push the U.S. economy into a "double-dip" recession soon. His warnings came as he demonstrated how assets such as gold, oil, food and energy have been riding "a wall of

Why We Should Claim Back Our Bank Charges

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

Is the Stock Market Headed for a Danger Zone?

Over the last few weeks traders are convinced that the markets are in trouble again. There is a lot of market confidence that has been lost especially with the news coming out of Europe and the U.S. also.

Poverty Statistics

"Poverty anywhere is a threat to prosperity everywhere". It is a scrooge and one of the worst curses and miseries that a human can face. According to Homer. "This, this is misery! The last, the worst, that man can feel".

Is a Current Account Deficit Harmful?

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.

Latest Reports Show US Economy is in a Tailspin!

The recession or depression if you prefer to call it that, which began in housing has now spread to households and consumer spending which is the largest part of the economy is believed to have dropped at a 3.5 percent pace last quarter after slumping at a 3.8 percent rate during the previous three

Why Did Businesses Respond This Way?

Why is everyone so stupid? With all the 'financial wizards' in the news and Government, how can they not recognize what has happened to the U.S. and the Global economies and how we got here?

Unemployed - Are They Facing Hiring Biases

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, And His Work At Citigroup

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.

Migration, Remittances, and a Shifting Hemispheric Paradigm

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

Un-Natural Selection - America Defeats Darwin's Natural Selection Theory

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

Consumers Under 'Needless' Financial Pressure

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.

Factors Affecting Luxury Consumption in the UK and India

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.