The lack of coordination within the United States — and, equally important, the failure to recognize the states as macroeconomic players —
is a significant, but often underappreciated, reason for America’s so-called / alleged / self-styled sluggish “recovery.”
In California, people tiresomely boast the state’s gross domestic product exceeds that of all but seven nations.
A number of Afghan construction companies working on contracts for American and NATO military bases in Afghanistan
have accused American middlemen of reneging on payments for supplies and services,
and in one case of leaving the country owing Afghan companies hundreds of thousands, even millions, of dollars.
The failure of American companies to pay for contracted work has left hundreds of Afghan workers unpaid in southern Afghanistan,
The train that is the nation’s so-called / self-styled / alleged economic recovery has slowed noticeably,
unable to generate enough jobs in the last two months to keep pace with population growth,
much less reduce the vast numbers of unemployed Americans.
The United States added just 83,000 private sector jobs in June,
according to the monthly statistical snapshot released by the Labor Department’s Bureau of Labor Statistics, or BLS.
BREAKING NEWS
Dagong Global Credit Rating Co used its first foray into sovereign debt to paint a revolutionary picture of creditworthiness around the world,
giving much greater weight to “wealth creating capacity” and foreign reserves than Fitch, Standard & Poor’s, or Moody’s.
The US falls to AA, while Britain and France slither down to AA-. Belgium, Spain, Italy are ranked at A- along with Malaysia.
Planners in South Korea have a longstanding fetish for economic hubs.
Even so, the southern city of Busan seems to be pushing the obsession a bit far.
As one of the world’s largest container ports, it understandably wants to be a marine and logistics hub for northeast Asia.
But Busan’s slick promotional literature also boasts of its ambitions to be a hub
In the latest effort to break up the often cozy relationship between doctors and the medical industry,
the University of Michigan Medical School has become the first to decide that
it will no longer take any money from drug and device makers to pay for coursework doctors need to renew their medical licenses.
University officials voted to eliminate commercial financing, beginning next January, for postgraduate medical education,
China’s manufacturing growth slowed more than economists forecast in June, adding to signs that the world’s fastest-growing major economy is cooling.
The government’s Purchasing Managers’ Index declined for a second month, falling to 52.1 from 53.9 in May.
The median forecast in a Bloomberg News survey of 12 economists was 53.2.
An HSBC Holdings Plc manufacturing index slid to a 14-month low.
President Obama’s “green credentials” have taken a shellacking as a result of his seemingly indifferent attitude towards the Gulf oil spill,
and it certainly isn’t going to get any better once more people know about this little bit of news.
Two government-chartered mortgage finance companies, Fannie Mae and Freddie Mac, are unlikely to accept loans on homes
The leaders of Russia, Belarus and Kazakhstan took their longest stride to date in linking their economies,
forming a customs union that they say will soon evolve into a more ambitious common market, with Russia at its hub.
The agreement, for now, eases trade among the three large former Soviet economies without fully abolishing all duties and tariffs.
The three also stopped short of reaching a common position on membership in the World Trade Organization,
