The eye of the recession storm is said to have passed. The world is now slowly recovering from the greatest economic bust since the Depression. The US says it has edged out of the economic meltdown, Australia is said to have survived the recession easiest and earliest.
Anyone who comes from a typhoon-riddled country could attest [...]

While Australia’s stock market lost 59 percent and a 5.7 percent unemployment rate also assailed the country, it is ‘the only developed country to avoid technical recession.’ Australia has breezed through the global economic downturn ahead of any other developed country.
The country’s ‘stock market has bounced back almost 30 percent since mid-July, home prices are [...]

The problem of food insecurity affects the world’s small-scale farms and rural areas the most. This is because these places are also where ‘70 percent of the world’s hungry live and work.’ As the world commemorates World Food Day on October 16, some depressing statistics confront the governments of the world: an estimated increase of [...]

More than 80 percent of the forecasters polled that the recession has finally ended. The labor market is still very bleak. The crisis is here to last even in 2010. The US GDP is to grow at 3.0 percent in the third quarter. The previous survey has quoted growth rates at 2.2 percent in the [...]

Serbia has suffered for long on account of both its history and geography. Now it is suffering yet again due to its own economy and impact of global recession. One would rarely find any other nations in Europe like these former Yugoslavian breakaway nations – they never seem to recover and heal completely. First wars [...]

A research study of 26 countries of the European Union, dated 1970-2007, and featured in the latest issue of The Lancet, reveals that more suicides and crimes have come about because of rises in unemployment.
The current global economic crisis portends a similar situation as investments fall, bringing about a rise in employment layoffs, thus creating [...]

The United Nations agencies of Food and Agriculture Organization (FAO) and the World Food Program (WFP), along with the International Fund for Agricultural Development (IFAD), published on Friday 19 June, the most recent estimates regarding hunger worldwide. While the statistics are alarming, the findings are really not surprising.
These agencies declare that global malnutrition and hunger [...]

California is in a bad financial state, to say the least. A bailout of the state is even an important part of the talk, at this point. A more severe blow came in the form of California voters rejecting their Governor’s proposed package to balance the budget.
That alone might be enough indication that Schwarzenegger will [...]

Reaganomics refers to the economic policies that marked the presidency of Ronald Reagan who became US president during ‘stagflation,’ a period known for high inflation and unemployment. The four cornerstones of Reaganomics, a set of policies and economic view, are: reduction in the growth of government spending, reduction in marginal tax rates on income from [...]

“Giving large sums of money to the very people who caused the problems in the first place seems very unwise, to put it mildly,” said Srichand P Hinduja, Chairman of the diversified Hinduja Group.
In an article in Forbes magazine, as a pre-G-20 London summit commentary, Hinduja said: “What we are witnessing is the trailer to [...]