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Archive for Global Recession

Unemployment in China – Trouble looming ahead?

The global financial meltdown and ensuing economic slowdown has captured the attention of the business and popular press for the past few months. The sight of hallowed Wall Street institutions tottering on the verge of collapse has unnerved markets and governments. But an equally serious specter is looming over policymakers as they try to jumpstart [...]

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America’s Ailing Financial Institutions – Too Big to Rescue?

Jay Leno in one of ‘The Tonight Show’ episodes recently joked that some American astronomers have discovered a new black hole which absorbs anything that comes its way; they are planning to name it AIG. The humor, though crude, aptly sums up the current state of the ailing financial institutions not just in the US [...]

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