global economy

China Pressured to Free Currency at APEC

Armen Hareyan — Fri, 13 Nov 2009 18:52:12 -0600

APEC leaders are in Singapore. There is pressure on China to liberalize its currency. World leaders are also careful not to withdraw stimulus too early. China may lead the global recovery.

G20 Protests Tear Gassed in Pittsburgh

Armen Hareyan — Thu, 24 Sep 2009 16:13:11 -0500

Riot police in Pittsburgh fired teargas and pepper spray to break up what it says was an unauthorized G 20 economic summit protests. Many of the marchers wore black and carried signs denouncing capitalism. They tried to head from from a city neighborhood to the convention center, where world leaders are gathering.

Japan Is Out Of Recession

Armen Hareyan — Sun, 16 Aug 2009 19:54:57 -0500

Japan, the second largest world economy recovers and is on the path to growth. Japan is marking the first quarter of economic growth, expanding 0.9 percent in country's first quarter of fiscal year.

Economy Central In G8 In Italy

Armen Hareyan — Wed, 08 Jul 2009 08:17:45 -0500

U.S. President Barack Obama is in Italy Wednesday for talks with the world's most powerful leaders during the Group of Eight economic summit. In a story published in L.A. Times the Obama team says there is consensus on global economic stimulus.

G20 Summit In Pittsburgh Next September

Armen Hareyan — Fri, 29 May 2009 12:28:57 -0500

U.S. government has announced that the next G20 summit will be hosted in Pittsburgh, the date of which is Sept. 24 and 25.

How Recession Hit Toyota In Japan

Armen Hareyan — Sun, 24 May 2009 13:51:14 -0500

This is a very interesting coverage from France 24 on how the Japanese and global recession has hit Toyota and how its workers are faring.

It tells about the Toyota City (named after the car maker) and Nagoya life, the population of which mainly works for Toyota. The tax revenues in these cities have dropped 96 percent, as they come mainly from the corporate taxpayers.

Financial Hardship and Depression – It's Not Worth Suicide

SharonSecor — Sun, 26 Apr 2009 19:20:26 -0500

Today's economic downturn shares a variety of factors with recessions of the past, as well as with the Great Depression. One of the most tragic similarities is the increase in the number of suicides, which has been documented in recent news reports and studies of mental health during past periods of economic difficulty. It doesn't have to be that way.

Time For Spiderman Economics: Power and Responsibility

Armen Hareyan — Fri, 24 Apr 2009 08:46:50 -0500

“With great power comes great responsibility”, opined Spiderman’s uncle. Unfortunately it’s not a lesson that the leaders and employees of the world’s great financial institutions ever took on board. In their world power is money and responsibility is somebody else’s problem.

Will The Economic Recovery End Western Economic Domination?

Armen Hareyan — Mon, 20 Apr 2009 10:05:08 -0500

Nobody can really predict for sure how long this global economic crisis is going to last. In the beginning, it was predicted that it will extend to 2010 but being a year into this crisis, this idea seems a little bit strained. Whenever it is going to end, the future after the greatest recession is a big question mark.

How Big Is a One Trillion Dollar?

Armen Hareyan — Sat, 11 Apr 2009 13:52:07 -0500

Recently G-20 meeting pledged one trillion dollars that will be made available through the International Monetary Fund to boost the world economy.

Peaceful G20 Protest Held in Pittsburgh

BryanLawver — Wed, 08 Apr 2009 16:15:03 -0500

While protests of the G20 Summit in London turned violent last week, a more peaceful demonstration took place in downtown Pittsburgh.

Gordon Brown Announces New World Order

Armen Hareyan — Thu, 02 Apr 2009 13:19:52 -0500

Gordon Brown Announces 'New world order is emerging' At G20. As the talks of international reserve currency and increased role of the international institutions grow, we are getting one step closer to One World Government.