Posts Tagged ‘Economy | Finance’

Who’s next? With consumers shutting their wallets and corporate revenues plunging, the business landscape may start to resemble a graveyard in 2009. Household names like Circuit City and Linens ‘n Things have already perished. And chances are, those bankruptcies were just an early warning sign of a much broader epidemic. Full Story

BEIJING (Reuters) – Millions of migrant workers may be out of a job and China’s once booming economy may be locked in a downward spiral as the global economic crisis bites, but for a particular Chinese brand of humor it’s been a boon. Full Story

Thousands of people have held rallies across Russia protesting against what they describe as the government’s mismanagement of the economy. The biggest demonstration took place in the eastern city of Vladivostok, where protesters demanded the resignation of Prime Minister Vladimir Putin. In the capital Moscow, police arrested a number of people at an unauthorised gathering [...]

Layoff notices don’t care what color your skin is, but the Obama Administration sure does. See what this revealing video shows about where your hard earned tax dollars will be going. Why does the Obama administration discriminate against anybody? Why are they discriminating against hard working white male construction workers? Full Story

Some 2,500 guests, including senior executives from some of the world’s biggest banks as well as 40 heads of state will join discussions on energy, climate change and free trade. Global political leaders and business people are gathering for the annual World Economic Forum, which is due to start in the Swiss ski resort of [...]

Zimbabwe will introduce a 100 trillion dollar note, in its latest attempt to keep pace with hyperinflation that has left its once-vibrant economy in tatters, state media said Friday. The Reserve Bank of Zimbabwe is introducing three other notes in trillion-dollar denominations of 10, 20 and 50, the government mouthpiece Herald newspaper said. Continue here

Peter Schiff has been spot on the economy crisis for years, if you’re living in the US it’s very important to listen to what he has to say.

So far, the Treasury Department has injected more than $250 billion into the U.S. financial sector. But precious little has come back out in the form of loans that were supposed to help get the economy going again. In the meantime, banks have been anything but shy about using billions of dollars for other purposes, [...]