In The News

Canadian Film Industry Worries

Richard Blackwell October 9, 2003
With Arnold Schwarzenegger acting as California’s new governor, Canada is worried the superstar will flex his political muscles to keep movie productions in his home state. Schwarzenegger has often bragged that he shifted filming of Terminator 3 back to California from Vancouver, and Canadian producers worry he will create incentives and use his star power to encourage other productions to...

Overseas Job Shift Affects Office Market

Terry Pristin October 8, 2003
The offshore outsourcing trend in the United States has claimed another victim: the market for commercial real estate. As firms transfer more back-office operations to low-wage countries, the already sluggish demand for office space in the US has slumped considerably more. "It's just going to take longer to get the numbers down to palatable percentages," said Dale Anne Reiss,...

Brown Tries to Put EU on Growth Path

Larry Elliott October 7, 2003
France, Germany, and Britain agree: The EU must embrace capitalism to create new jobs, foster investment, and boost economic performance across the continent. A letter drafted by British Chancellor of the Exchequer Gordon Brown with his French and German counterparts will seek to persuade Europe to reform its welfare state framework. Europe, the letter argues, needs to implement supply-side...

Africa's Betting Public Lures Foreign Investors

Marc Lacey October 7, 2003
People across the world's poorest continent are gambling their limited incomes on scratch-off cards and lotto tickets. As countries ease betting restrictions to encourage economic growth, foreign companies have begun investing in Africa's new blossoming industry. "The African market is a relatively small part of the world market," one British investor noted, "but it...

Sportswear Boycott Over Burma Links

Vivek Chaudhary October 6, 2003
A British-based campaign for democracy in Burma urged soccer fans to boycott goods produced by Kappa, a popular sportswear supplier with stores all over Europe. The campaign claims that Kappa indirectly supports the brutal Burma military regime by continuing to stock its stores with products made in the country. Although Kappa says it has already severed its links to Burmese manufacturers, goods...

Asians Fear Rising US Protectionism

Michael Richardson October 3, 2003
On the eve of the annual summit of Asia-Pacific nations, many Asian countries are expressing worry over US trade policy, says Michael Richardson, a visiting senior research fellow at the Institute of South East Asian Studies in Singapore. US President George W. Bush will be welcomed at the APEC (Asian-Pacific Economic Cooperation) conference later this month in the midst of what will likely be...

Too Soft, Too Open, Too Democratic?

September 26, 2003
Voting in the World Bank and IMF is far from democratic – votes are determined by the amount each state contributes to the coffers, leaving poorer countries with next to no say in decisions. This undemocratic system is in line with the original intent of the Bank and IMF: they were to be the lenders, representing creditor nations. No 'bank' allows the borrower to determine policy....