economic disasters

Rising oil prices and increased exports are slowly dragging Mexico's economy out of a severe recession, but the nation's financial system still confronts fundamental challenges, national leaders and experts said. "We are expecting in 2010 the Mexican economy will grow by around 3 percent," said Deputy Finance Minister Alejandro Werner, a huge improvement from a 7.5 percent contraction in 2009. The Mexican government released figures Friday that showed the economy grew 2.9 percent in the third quarter

Latin America felt the full force of the world market crash   -Luis Alberto Moreno

 

Vancouver, Canada, November 21, 2009 --( PR.com )-- It seems that no matter where you turn today, there are differing opinions about what is truly happening in this, unarguably, the worst economy in over 70 years. Are we heading out of the woods? Or are have we simply leveled off due to the unsustainable amount of money the government has thrown at the problem, only pushing off to tomorrow the dire results of a devalued U.S. Dollar and the predicted hyper-inflation due to all the printed money now circu  

The JSE ended in the red on Friday amid weaker commodity prices and a frail Dow with profit taking and risk aversion back in the market after a few days of good gains. At 5pm the JSE all share index had weakened 0.48%, with resources down 0.40%. Platinum miners collected 0.36% and gold producers added 1.50%. Banks were down 1.07%, financials gave up 0.66% and industrials were off 0.48%. The rand was bid at R7.55/$, from R7.52/$ when the JSE closed on Thursday. Gold was quoted at $1,140.75/oz from

To me the market's overdone right now and with Dell's earnings being a disappointment and the dollar up, I can understand why the market's lower   -Terry Morris

 

Expansionary financial conditions in the city will likely have a greater impact on fueling asset price inflation through strong increases in equity prices, according to the paper. The paper discusses the potential macroeconomic implications for Hong Kong of accommodative monetary policy in the U.S. But the paper doesn't represent the view of the IMF. Higher asset prices could lead to further credit expansion and an upward cycle of asset prices and credit, the paper wrote.  

Wall Street declined on Friday after technology giant Dell and homebuilder D.R. Horton Inc. posted disappointing earnings. Technology stocks led the downward slide, after Dell reported a54-percent drop in net income and a 15-percent decline in revenue in its latest quarter, much worse than anticipated. Shares of Dell tumbled nearly 10 percent, or 1.58 U.S. dollars, to 14.29 dollars.  

The state's budget crisis has caused many concerns across the state. Discussions have been ongoing in Oklahoma City about what to do to curb the funding crunch due to citizens not spending as much money and given the sluggish national economy. Q: Should the Rainy Day Fund or stimulus money be used?  

Dubai, Nov 20 (PTI) As countries around the globe recover from the recession, international leaders have asked for necessary restructuring of the global economy on the opening day of the World Economic Forum's summit on global agenda here. "We've got a window of opportunity," Sharan Burrow, President of the International Trade Union Confederation, told reporters here. "The crisis has focused the minds of governments, particularly the G20, on what you need to do to rebalance globalisation. It means reb

We've got a window of opportunity   -Sharan Burrow

 

IN my last year at Lakewood High School, I took a social studies class. The instructor allowed students to grade themselves. I gave myself an A in the first semester.  

Stocks fell for a third straight day Friday as a disappointing outlook from computer maker Dell Inc. suggested that an economic recovery could be uneven. The major indexes all had moderate losses, leaving the Dow Jones industrials with a slim 0.5 percent weekly gain while broader indexes slid. The market, which has been shuttling between concerns about the economy and traders' need to find high-yielding investments, is back to worrying about the economy.

Investors seem to need a constant reassurance with where we are in the economic recovery   -Brett D'Arcy