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business & economy

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'Student loans? We'll pay 'em,' say cities trying to fight brain drain

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In an effort to keep young, highly educated people in their communities, rural areas and small cities are turning to incentives to tip the balance in their favor. Now, communities in Kansas, New York and other places across the country are offering, for example, to pay off student loans for people who put down roots in these less popular places.
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As Spain's economy struggles, some jobless Spaniards turning to the country life

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With Spain's economy still struggling amid bank uncertainty and persistent unemployment, some young Spaniards are giving up the city life in hopes of reconnecting with their roots. They're moving out to the country and taking up agricultural pursuits.
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Markets rise and fall as effects of weekend Greek elections begin to be felt

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Greek voters went to the polls on Sunday and, relatively narrowly, backed a political party in favor of the Greek bailout. And while markets initially greeted that news with optimism and rallied upwards, fresh concerns, this time over Spain, dragged them back down by midday.
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Greek tourism dries up as uncertainty over economic future continues

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Greece is usually an extremely popular tourism destination. In fact, it's often one of the most popular for people in Europe. But the current economic crisis has tourists staying away, and that's just further damaging the Greek economy.
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Problems still serious as Spain's banks try to stabilize with European bailout funds

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Spain's banks got a badly needed injection of recapitalization over the weekend when a trio of international lenders agreed to loan them funds to get on firmer footing. But while Spain insists this isn't a Greece-style bailout, the lenders are already moving to monitor how and on what Spain is spending their money.
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Norway's oil and gas boom leaves other European economies lagging behind

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Most countries in Europe are worried sick about debt, bailouts and unemployment, but Norway recently decided to cut spending in order to avoid too much growth. The smart management of Norway's oil and gas industry is bringing spectacular wealth to the country's small fishing towns.
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Disney sets new nutritional standards for advertisers

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Disney announced new advertising guidelines Tuesday for ads on Disney’s TV stations, its websites, and its radio stations, banning ads for fast foods and sugary cereals that do not meet the company's nutrition standards.
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Chinese automotive appetite influences car design

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The Chinese demand for new cars is changing the way top vehicle manufacturers develop their products. Ever since China surpassed the U.S. in auto sales back in 2010, automakers have turned their attention east.
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Britain's long drive to eradicate class may have led right back to the start

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Britain has a love-affair with class. It's enshrined in its monarchy and system of lords and titles. But in the 1980s and 1990s, the government tried to drive class away. Now, though, some are beginning to declare that class never could have disappeared, except from the language of politicians.
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China's rural villages hardly the classless egalitarian paradise espoused by Mao

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Long before Mao Zedong took the reins of power in China, he went to one of the poorest villages in rural China. That village, in Jiangxi province, is still one of China's poorest. And it's far from the classless dream Mao espoused while he was there.
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