business & economy
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.