| Economy | page 1 page 2 | | | The Last Days of Cheap ChineseWhy American consumers are about to start paying more for clothes, electronics, toys, and just about everything else.
By Alexandra Harney - Posted Tuesday, April 8, 2008, at 7:33 AM ET
For years, American importers and Chinese factory managers have been having the same conversation. The importers would demand lower prices for products destined for American shelves. Factory managers would counter with a long list of reasons why they needed to charge more. Most of the time, the American importers would prevail, and Wal-Mart shoppers would rejoice.
Not anymore. The era of cheap Chinese consumer goods may finally be ending, thanks to irrepressible inflation. Now when the Chinese present their lists, some American importers are conceding higher prices, meaning that American shoppers, for the first time in years, are starting to pick up the tab for rising costs in China. Some Chinese factories are now asking their American customers for price increases of as much as 20 percent to 30 percent | Policy Innovations - The Carnegie Council's online magazine for a fairer globalization. - Global Policy Innovations Program
Over the last decade, the development engine appears to have stalled in some regions. Many of the world’s poorest countries are experiencing falling growth rates, rising unemployment, and environmental degradation. Many in the developing world have come to view free trade and financial liberalization not as pathways to prosperity, but as tools of exploitation.
A growing body of innovative scholarship offers promising strategies for sustainable development and a fairer globalization. Yet, these proposals have not been disseminated in a coordinated fashion. In response to this challenge, the Global Policy Innovations program provides a forum for pragmatic alternatives to the current global economic order. |
| Dismal Scientist - Recession Watch
The U.S. economy contracted late last year, and may spend the first half of 2008 in recession. Moody’s Economy.com tracks the data every day to determine how long and how deep the downturn will be—as well as its effect on the global economy. | | CV en VacatureBank.nl | Business
Fed’s Action Stems Sell-Off in World Markets
By EDMUND L. ANDREWS
Published: January 23, 2008
Confronting panic about a possible recession, the Federal Reserve announced the biggest one-day reduction of interest rates on record. |
| Moody's Investors Service is among the world’s most respected and widely utilized sources for credit ratings, research and risk analysis. Moody’s commitment and expertise contribute to stable, transparent and integrated financial markets, protecting the integrity of credit. In addition to our core ratings business, Moody’s provides research data and analytic tools for assessing credit risk, and publishes market-leading credit opinions, deal research and commentary, serving more than 9,300 customer accounts at some 2,400 institutions around the globe. | | | Real Estate industry in the recent years has been on a boom in all its five sectors, viz. Residential, Commercial, Retail, Industrial as well as Investment. Though there have been reports and rumors of crashing, real estate market has been fairly steady in its growth and will be growing further in the second half of year 2007. This is evident through economic indicators like stable rates, falling dollar, changing demographic trends, rising stock market.
The number of immigrants coming to USA has been increasing rapidly. It is estimated that USA will witness a rise in the number of immigrants from approximately 9 million in 1990 to around 12 million by 2010. The demand for home ownership among this section in USA is very high and they will make up for almost 30% of the market share by 2010. If the predictions made by Harvard are to be considered, they will have a combine purchasing power of $1.5 trillion. Also they might account for around 55% - 60% of first time homebuyers. | Immigrants Still Climbing America's Economic Ladder, but Trends Suggest Progress Is Slowing
WASHINGTON, July 25 /PRNewswire-USNewswire/ -- America continues to be the land of opportunity for immigrant families, but the degree of upward economic mobility for newer arrivals has slowed from that experienced by earlier waves of immigrants, according to a report released today by the Economic Mobility Project, an initiative of The Pew Charitable Trusts.
"The American economic assimilation machine remains strong for immigrants and they continue to seize our nation's historic promise of opportunity, working to make a better life for themselves and their children," said John E. Morton, managing director of economic policy at Pew. "But trends are heading downward and there are substantial changes in wages that raise real questions about the degree of continued upward movement for future generations." | Business - Lender Sees Mortgage Woes for ‘Good’ Risks
By VIKAS BAJAJ - Published: July 25, 2007
Countrywide Financial, the nation’s largest mortgage lender, issued a pessimistic outlook of the housing market, helping to ignite a sell-off in the stock market. | | | | | | |
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