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economy

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Europe's down economy has some Africans considering migrating home

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Africans have flocked to Europe for years, in search of a better life and to make money they could send back home. Now, as Europe's economy struggles, many Africans are ready to pack up and head back home, where the economy is better.
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New book looks tells fictional tale of post-euro Europe

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In the world of Markus Will, the euro is gone and Germany is returning to the deutschmark. Though the book is fictional, it takes a scenario that is possible and plays it out to perhaps it's most shocking extreme.
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South Koreans worry they're headed for U.S.-style debt bubble

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South Koreans are spending money with reckless abandon, taking out loans and maxing out credit cards to pay their bills. They're doing it, usually, in hopes of improving their socioeconomic status, but economists say they may be banking on an unsteady foundation.
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Jobs scarce, more Italians volunteering on organic farms

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Italy's unemployment rate is more than 10 percent, but among the young, it's vastly worse. Perhaps 35 percent, or worse. So a growing number of young Italians, and a few others who are out-of-work, are turning to the country's organic farms, where they can learn a skill, and keep a roof over their heads and food in their stomachs.
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With evictions already high, tensions boil over Spanish bank bailouts

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Spain's banks are moving to get rid of homeowners who aren't paying their bills. But, at the same time, they're turning to taxpayers to give them a hand, with a multi-billion dollar bank bailout. That has Spanish activists taking to the streets in protest.
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Spain considers Vegas-like project to jumpstart flagging economy

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Billionaire American casino magnate Sheldon Adelson has a plan to jumpstart Spain's slow economy: Vegas. No, he's not taking the national fortune to the craps table -- he wants to build a Vegas-style resort in Madrid. He says it will draw 10 million people per year.
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U.S. Federal Reserve takes steps to bolster flagging economy

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The Federal Reserve's Open Market Committee is hoping to cut unemployment by injecting more capital into the economy. This is third attempt by the Fed board to stimulate the economy and get people working again.
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Indian meteorologists trying to develop more precise forecasts of critical monsoon rains

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India's agricultural sector, which employs about half of the country's population, depends on the annual monsoon rains for its very existence. Without it, the crops won't grow, people won't eat, won't have money -- won't survive.
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Amid rising costs, West Bank residents protest against Palestinian Authority

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Residents of the Palestinian West Bank are restless after a series of moves have dramatically raised their cost of living while wages are not being paid. Several protests have been held, leading Palestinian leaders to promise changes.
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American cars a sign of status, admiration in Kosovo

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The United States is held in high regard in Kosovo because of its role in supporting the former Serbian province's bid for independence. So, for many Kosovars, having a beefy American muscle car is a high sign of status. So much so that Kosovars living abroad, even in the U.S., often bring their cars home with them on vacation.
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