Tag: economy
Superstorm Sandy awakens America to fragile state of power grid
The vast American power grid can be laid low by storms big and small. Jeffrey Leonard, CEO of an investment firm, says if the United States doesn't start investing now, it'll continue to face massive bills after disasters....
Spaniards take to streets to call for reforms in country's eviction law
Spain has one of the strictest eviction laws in the world. Not only do people lose their homes, but they remain liable for the full value of the mortgage -- as do their descendants. But after at least three eviction-related suicides, much of the country has said enough is enough. ...
Obama, Romney look to take advantage of largely positive October jobs report
The final jobs report before the November presidential election came out Friday and it had a bit of good news for both candidate, though probably a bit more for President Barack Obama. The economy added 171,000 jobs, more than expected, but employment did nudge upward as people returned to the labor force....
Romney vows to increase trade relations with Latin America
In their debates, Mitt Romney and Barack Obama have clashed repeatedly over the economy. In the final debate, Romney vowed to focus on Latin America, an area where he said Obama hasn't engaged — but is that even possible?...
Arab Spring presents opportunities for Middle Eastern women entrepreneurs
Women across the Middle East are stepping into the workforce and into the entrepreneur force, and the turmoil of the economic spring is in some ways making that possible. Women face barriers to professional growth across the Arab world, and being their own bosses helps alleviate that....
Presidential debate arrives where roots of financial crisis can be traced
When President Barack Obama and Republican challenger Mitt Romney debate Monday night in Boca Raton, they'll be doing so, almost literally, in the shadow of the housing crisis and economic collapse. While the topic of the debate is foreign policy, Boca is where the financial products that built up the housing bubble were conceived....
Powder River Basin coal companies eyeing Asian markets
With U.S. demand for coal at decades-low levels, mining companies are turning elsewhere for places to sell their products. In most cases, that means the booming economies of Asia — and long trips on container ships....
Preservationists worry economic growth may endanger Myanmar's historic buildings
Because of Myanmar's economic stagnation over the past decades, very little development has taken place -- which has allowed the country's historic colonial buildings to endure. But as the country loosens up, some preservationists are worried it may lead to destruction of relatively rundown, but still historic, buildings....
Politicians, populace, poke fun at, praise EU Nobel Peace Prize
Late last week, the European Union was awarded the prestigious Nobel Peace Prize — an award that celebrates individuals and organizations that move the world toward a more peaceful state. But the award comes at a time of upheaval in the EU, with financial troubles fracturing the unifying force....
Unemployment in September drops below symbolic floor of 8 percent
Unemployment fell to 7.8 percent in September after the economy added 114,000 jobs and total employment increased 873,000. In addition, the labor department revised upward previous months' employment reports....
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