Markets Archives - Page 696 of 782

Comparing India to The World

1 August 2011.

One out of 6 people in the world live in India. But just how big is India? And how can we think about the country and its economy when its population and GDP varies so vastly from state to state? One way would be to look at the size of each state, in relation to its GDP and population. But what would the numbers really mean? Another way would be to compare each state to a country (with one third’s of the world’s population, each state really is that significant!).

Obama Annouces Deal, Debt Impasse To End Soon

US President Barack Obama announced a last minute deal between Republican and Democratic leaders to reduce the US deficit and avoid a default, but warned that measures might not be sufficient to prevent a credit rating downgrade.

Trump That! Donald Trump Considering a Run for White House – Again

Real estate mogul, and star of the reality television show ‘The Apprentice”, Donald Trump told the media on Friday that he was once again considering a bid to become the next president of the United States, after ruling himself out of the race just a couple of months ago.

In an interview with CNBC, Trump admitted that he was giving the decision “very, very serious thought”, especially since, “there are so many people wanting me to do it.”

Infographic: The US Debt Ceiling Crisis – Local Politics, Global Implications

According to the U.S. Treasury, by next Tuesday, August 2 the U.S. Congress must reach consensus and pass some kind of agreement to allow the U.S. Government to borrow beyond the $14.3 trillion debt ceiling, which was last raised on February 12, 2010. Failure to do so will leave the U.S. government with insufficient funds to continue its payments, including its upcoming debt obligations. This “default,” if it happens, would downgrade America’s credit rating, increase its borrowing costs, and create havoc as yet unknown on world markets.

Small Economies, Big Trouble: Kemal Derviş

28 July 2011.

On paper at least, few would consider Greece to be a systemically significant economy. Yet today, the country is at the centre of a crisis that threatens to engulf the entire European Union. But the case of Greece is not unique. In 1997, another relatively small economy, Thailand, was at the epicentre of the Asian Financial Crisis. How can small economies cause such big problems? By Kemal Derviş.

Japan Steps Up Efforts to Draw Foreign Tourists Back

Japan has embarked on an all-out public relations drive to reassure potential tourists that the country is now safe again to visit, after March’s devastating earthquake and tsunami caused severe damage to many of Japan’s social infrastructure – including a radiation leak at the Fukushima nuclear power plant.

The Japanese National Tourism Organisation recently posted the radiation levels for downtown Tokyo on its website, which the organisation claimed to be lower than in other popular tourist destinations such as New York, Singapore and Hong Kong.

Europocalypse – Are The Days of The Eurozone Numbered?: Nouriel Roubini

27 July 2011.

The fate of the eurozone is ominous. As the debt crisis in Greece continues to spread and infect other eurozone nations such as Italy and Portugal, the euro-zone appears to be teetering on the brink of collapse. This is its last stand, says Nouriel Roubini, chairman of Roubini Global Economics and professor of economics at New York University’s Stern School of Business. According to Roubini, “the status quo is no longer sustainable. Only a comprehensive strategy can rescue the eurozone now.”

Downgrade Doldrums: US Credit Rating May Drop Even if Debt Deal is Reached

As Democrats and Republicans continue to trade barbs in the senate over an agreeable debt deal, numerous market analysts and investors have now agreed that the US faces the increasing possibility of losing its AAA rating from at least one of the three major credit rating agencies – namely Standard & Poor’s, Moody’s, and Fitch – even if a compromise can be reached by the August 2^nd deadline.

High Unemployment Rates Among US War Veterans

Young male American war veterans returning from Afghanistan and Iraq are finding it increasingly difficult to secure a good-paying job as they struggle to re-adapt to civilian life.

According to a Reuters report, 28.3 percent of male veterans aged 18-24 – and served their nation after 9/11 – were unemployed in the second quarter of this year, up from 21.9 percent for the whole of last year.

Has Egypt’s Middle Class Gained From The Revolution?

Since June 12, half of the 18,000 workers employed in maritime services by seven subsidiary companies of the Suez Canal have been on strike. In contrast, those employed directly by the canal authority have always received higher wages and better benefits – long before January 2011 when subsidiary company workers raised the demand for parity, effectively a 40 percent wage increase.