In The News

The recent bleak unemployment report for the US suggests that the economic recovery is likely to be W-, rather than, V-shaped. But the 9.8 percent unemployment rate is only part of the picture: when including the “underemployed”, the rate is roughly double. What this means is that the US isn’t going to be consuming that much during what is normally the biggest spending period of the year –...

In the current financial crisis, the world has pinned its hopes on Brazil, Russia, India, and China – known as the BRICs – to lift the global economy out of its funk. And while some of these countries may have more positive growth prospects than the developed world, there’s more to economic strength than GDP and stock market indices, according to Professor John Frankenstein. Indeed, on many...

The hard times of the global economic crisis has forced foreign workers in Japan into a quandary. “To leave or not to leave?” This is perhaps the question that most foreign workers will be asking themselves as the government tempts them with thousands of dollars in exchange for agreements to permanently leave the country. If they return under this program, they will be ineligible to reapply for a...