25 April 2011.
For most countries, getting invited to a G-20 summit is like being invited to an exclusive party held by the most popular kids in school. Although everybody wants to attend the party, only the popular kids (the G-20 members) get to decide who are invited. In the G-20, these popular kids just happen to be the largest economies in the world.
.jpg)
Michael Chan, Chairman of Fast-Food Giant Cafe de Coral:
Will issue a profit warning if the hourly rate proposed by the unions became law.
Credit: For91days
21 April 2011.
Fastest Euro Zone Price Rise in 3 Years
Credit: jurjen_nl
20 April 2011.
Since inflation in China is perhaps the hottest topic in world political economy —
with the possible exception of the almost total collapse of governance in the US 😉 —
we thought this might be a good time to take a long, hard look at the dynamics of the luxury market in China —
especially if, as many people other than the long-time “China bust” folks are now starting to suspect,
inflation is going to require China’s national government to slam on the brakes — and do so with such force —
Citing concerns about the national debt, a handful of right-wing Missouri state legislators
have blocked a vote to accept federal money to extend unemployment benefits,
effectively cutting financial assistance for more than 10,000 out-of-work residents.
The move, which came despite widespread REPUBLICAN support for extending the benefits,
puts Missouri at the center of a growing national discussion about reining in unemployment benefits
at a time when both the job market and government coffers are in a severely weakened state.
Resale and consignment shops, emboldened by the Great Recession, are expanding as Americans cling to their bargain-hunting ways.
No longer relegated to back alleys, these secondhand stores are moving into prime locations,
taking over spaces once occupied by mainstream retailers Linens ‘N Things and Circuit City, now bankrupt, and teen clothier Abercrombie & Fitch.
And they’re going national.
Bellevue, Wash.-based thrift-store chain Savers Inc. is taking on its biggest expansion in decades,
The uneven nature of the European recovery was underlined by data released last month,
which showed prices rising and weak consumption across the euro zone.
For the entire euro area, the European Union’s statistics agency reported that
annual inflation rose to 2.6 percent in March from 2.4 percent in February, according to an initial estimate.
Analysts said higher oil and food prices remained the main factors behind the rise.
But they added that the tightening labor market in countries such as Germany,
6 April 2011.
While no one can tell what the impact of the inter-locking Japan disasters is going to be on China,
the latter’s new five-year economic blueprint sets ambitious goals:
• to raise ordinary people’s incomes,
• rein in pollution and energy use, and
• build advanced-science industries in fields like biotechnology and environmental protection.
