International Labour Organisation said the group of developing and developed nations had seen 20m jobs disappear since the financial crisis in 2008.
It looks as though our predictions about China are starting to unfold into reality.
When my daughter was younger, I used to offer her 25 cents for every item that she could find in our local Wal-Mart store that was not “made in China,” or some other Asian nation. Needless to say, she rarely walked out of the store with any money.
What would happen if the U.S. Dollar were suddenly dropped as the world’s reserve currency? Here are 7 economic consequences of a dollar collapse.
In a move which is making a number of countries in the region nervous, the People’s Republic of China announced recently that it was increasing military spending by 12.7% this year.
by FTMDaily.com HOUSTON, Feb. 18 -For the first time ever, cotton prices reached $2 per pound in New York yesterday. Increasing global demand and shrinking supplies drove the commodity to all-time highs. In the wake of global financial crisis, global consumption has begun growing again — especially for textiles and apparel. The demand for clothing and […]
Today, President Obama delivered his proposed 2012 budget to Congress… Total: $3.73 trillion in Federal spending for fiscal year 2012… Includes spending cuts and tax increases…
On the eve of a U.S. visit, Chinese President Hu Jintao made the boldest statement yet on the future of the U.S. dollar as a reserve currency, calling the current global monetary exchange system “a product of the past” while promoting his own country’s currency as a replacement.
While the yuan is still years away from being able to displace the dollar in global trade, it is inevitable that the U.S. dollar will continue its downward trend which will require the rise of other currencies. The two contenders to watch closely in the coming years are the euro and the yuan.
Most of you are aware that there has been little improvement in the over all economic outlook… The official unemployment rate has risen from 5% at the beginning of the recession in December 2007 to 9.6% in September 2010.
This weekend, Iran goes atomic. On August 21, Iran will bring the nation’s first nuclear power reactor online when it loads a shipment of nuclear fuel into the core of the Bushehr nuclear plant.