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breakingnews
16.09.2009, 15:38
1 comment
Employees from AvtoVAZ – Russia’s biggest car company from Central Russia’s city of Togliatti – might soon be demoted to making toys, rather than cars, in an attempt to pull through the economic crisis.
21.10.2009, 02:06
4 comments
34 million Americans are relying on the food stamp program for everyday essentials. It’s mostly the elderly who are suffering.
05.11.2009, 10:59
3 comments
The new financial instruments invented about 30 years ago helped the America’s wealthiest to suck up the extra wealth created by deregulated finance system, explains Les Leopold, author of “The Looting of America”.
15.09.2009, 08:28
3 comments
September 15 marks the economic 9/11 that shook the US last year. Global financial services firm Lehman Brothers collapsed and became a symbol of the largest bankruptcy in American history.
12.06.2009, 10:40
India has not emerged unscathed from the global crisis, but it is better off than many Western economies. Its success in IT is well-known, but there are other industries that are just as innovative.
18.10.2010, 09:09
4 comments
Public services in Britain are facing massive cuts in their budget as the government looks to fill the huge black hole in its balance sheet.
11.10.2009, 13:00
4 comments
“Crisis or no crisis”, Russia’s budget must continue to fund social programs until acceptable standards of living are achieved, President Dmitry Medvedev said during an interview with Russia’s Channel One.
21.10.2009, 16:20
1 comment
The Russian economy needs a modernization strategy to stop relying on raw materials to pull the country out of the current financial crisis, Dmitry Medvedev stated, speaking at a meeting with Russian business leaders.
15.09.2009, 09:36
6 comments
The past year of economic decline has seen Washington’s influence on the wane, as well as London’s, and the way is now open for other countries to decide policy. Among them: Russia and her BRIC colleagues.
13.10.2010, 18:52
5 comments
As any Russian babushka knows, the idea of restoring the USSR is absurd, said Putin’s spokesman in response to a warning, in The Times, against a desire Russia has of restoring its influence on the post-soviet space.
Published: 11 September, 2009, 09:05
Edited: 12 November, 2009, 16:37
Hit by the recession, the once-prosperous UK town of Swindon has one of the highest unemployment rates in the country. Many fear it will lead to a whole generation of people who've lost their will to work.
1st class analysis Count Cash thanks!
The UK is a total mess, I read yesterday that they are equating it to Dickensian times. I must say I do agree, they focused on the Banking sector, they relied on a false premise that banking had to be done in London. They even have to launder money to keep it going. So they didn't care about their manufacturing, they didn't care about their people. They just focused on a marriage between the city for Interest and the government for Tax. Politicians got rich whilst the people got poor, civil servants became powerful, whilst their people became weak, the courts became all powerful, whilst the citizens became powerless. But this isn't just a generation, it is most probably the whole country for many generations.