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One Child Policy Creates Less Compliant Chinese Workers
We remain a bit shaken by the report we ran earlier this week about the seemingly parlous state of the Chinese financial system. But in the interim, it seems...
Stretched Indian Cell Phone System: Now Espionage Fears
As India prepares to adopt new import regulations designed to thwart spying and sabotage, the country’s mobile phone operators say the costs of implementing the rules could squeeze their...
Stress Tests? 100+ US Bank Failures So Far This Year
Several people have asked why we haven't covered the "stress tests" for EU banks, to which we reply: The ones in the US were a joke - we have no reason...
Japan Accused of Literally Working Interns To Death
The Japanese government has been accused of running slave labour working conditions after 27 foreign interns died in one year following months of working more than 16 hours a...
Deutsche Bank’s “Double-Faced” Investment Advice
The German banking giant Deutche Bank went all out to convince clients - including many small investors - to invest in a giant Ferris wheel project. Then it turned...
Big Pharma Giant Merck To Cut 15% of Employees
Big Pharma is supposed to be an advancing sector, where jobs are plentiful for people with the right skill set. But don't tell that to employees at multi-national giant...
High-Skill Jobs Not Matching Low-Skill Unemployed Applicants
Because they laid off so many workers — more than two million since the end of 2007 — manufacturers now have a vast pool of people to choose from....
Rich Now Biggest Percentage Mortgage Defaulters in US
The housing bust that began among the working class in remote subdivisions and quickly progressed to the suburban middle class is now striking the upper class in privileged enclaves...
Bangladesh Repeats China Wage Dynamics, Without the Education & Infrastructure
As costs have risen in China, long the world’s shop floor, it is slowly losing work to countries like Bangladesh, Vietnam and Cambodia — at least for cheaper, labor-intensive...
US Debt Collection “System” Almost Totally Broken, Corrupt
As millions of Americans have fallen behind on paying their bills, debt collection law firms have been clogging courtrooms with lawsuits seeking repayment. Few have been as prolific as...


