Tag: economy
Thousands of Portugese fleeing sinking economy, with many headed for Brazil
Portugal's former colony, Brazil has a booming, growing economy. By comparison, Portugal's economy is moribund. As the highly educated younger generations struggle to find work, many are leaving and heading to Brazil. In Brazil, the need to prepare for upcoming international events and the growing economy provide many opportunities....
With economy plummeting, food scavenging on the rise in Spain
A report released Friday showed unemployment is Spain has reached 24.4 percent. Over 5.5 million Spaniards are jobless. As the recession deepens, more Spaniards have turned to scavenging for food to supplement their budgets. ...
New book casts America's economic future in strikingly positive light
Daniel Gross' new book "Better, Stronger, Faster: The Myth of American Decline and the Rise of a New Economy," has a more optimistic take on the U.S. economy and its current state....
Wave of reporting on Dutch political, economic struggles misses the nuance
When the government of The Netherlands fells over a disagreement on austerity and government spending, reporters rushed to Holland to find signs of further trouble. But in all that reporting, the examples held up as signs the sky was falling may have overlooked the reality on the ground....
Big Macs provide good glimpse of global economy
Orley Ashenfelter is a professor at Princeton University and the author of the Big Mac Index, a measurement of a nation's wealth based on the average wages of a McDonald's employee over the cost of a Big Mac. For example, McDonald's employees in poorer countries would not be able to afford the food they serve....
VIDEO: Foreign markets shift as world reacts to Francois Hollande's victory in French election
Francois Hollande will be the next president of France, the winner of a run-off election on Sunday between himself and Nicholas Sarkozy. Hollande, a Socialist, has promised to rollback, or at least modify, the austerity measures championed by his predecessor....
Mayor David Bing calls for cutbacks, assistance to keep Detroit afloat
Detroit has been hit hard by the recession. Once known as the "Paris of the Midwest, Detroit is now the poorest major city in the United States. City officials are in the midst of numerous efforts to stave off bankruptcy, but they're struggling to keep residents happy. ...
Author describes unspoken war on American youth -- by American elders
What is the great divide splitting America? Republican and Democrat? Male and female? Black and white? Esquire columnist Stephen Marche thinks there is a profound, and ever widening gap between young and old Americans. ...
Recession means new reality for Netherlands, stalwart economy of euro zone
The Netherlands is one of the richest and strongest economies in the euro zone. But, in recent months, the country has dipped back into recession as it tries to shave nearly $20 billion from its budget. It's forced some people living on the margins to seek assistance....
Recession hitting 'cultural creatives' especially hard
While the recession seems to loosening its grip on the U.S. economy, but one group isn't seeing it. The cultural creatives, small businesspeople like photographers, architects and graphic designers have seen their ranks thinned by 20 to 30 percent and are still waiting for the bounce back....
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