Global Financial Crisis 2

GFC’s devastating impact on Asia-Pacific women and girls

Published by rudy Date posted on January 22, 2013

Women and girls have borne the brunt of national budget cutbacks in the Asia Pacific region, in the wake of the world economic slowdown. .GFC’s devastating impact on Asia-Pacific women and girls (Credit: ABC) .This is according to a report commissioned by PLAN, one of the oldest and largest children’s development organisations in the world.

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Understanding the US fiscal cliff

Published by rudy Date posted on January 7, 2013

We’ve heard so much about the United States’ impending “fiscal cliff” in recent weeks, and the harm it could inflict well beyond the American economy. Here at home, there is so much optimism on the outlook for the Philippine economy with its surprising growth performance and a general upswing in business confidence due to perceived…

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RP among Asian economies seen to withstand Euro woes

Published by rudy Date posted on November 22, 2011

The Philippines along with China and Taiwan were given the biggest chance of escaping unscathed from the global financial turmoil brought about by the European debt crisis mainly as a result of internal liquidity among the three economies, a study released yesterday by credit watchdog Fitch Ratings.

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Phl can survive global eco crisis – IMF

Published by rudy Date posted on November 8, 2011

MANILA, Philippines – Multilateral lender International Monetary Fund (IMF) believes the Philippines has the capability to survive the impact of the fragile economic growth in advanced economies led by the US as well as the sovereign debt crisis in Europe.

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World of Work Report 2011- ILO says world heading for a new and deeper jobs recession, warns of more social unrest

Published by rudy Date posted on October 31, 2011

In a grim analysis issued on the eve of the G20 leaders summit, the International Labour Organization (ILO) says the global economy is on the verge of a new and deeper jobs recession that will further delay the global economic recovery and may ignite more social unrest in scores of countries.

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Phl firms unfazed by global eco crisis

Published by rudy Date posted on October 10, 2011

MANILA, Philippines –  The country’s top corporations and giant conglomerates are unperturbed by the downturn in the world economy.

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IMF warns global recession in 2012 ‘can’t be ruled out’

Published by rudy Date posted on October 6, 2011

BRUSSELS: Recession is a live risk next year, particularly in Europe, a senior IMF figure said Wednesday in Brussels as the eurozone toils with twin sovereign debt and banking crises.

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World economy enters ‘dangerous new phase of crisis,’ IMF chief

Published by rudy Date posted on September 16, 2011

WASHINGTON (Kyodo) — International Monetary Fund Managing Director Christine Lagarde on Thursday urged policymakers of advanced economies to cooperate in tackling European debt crisis and other financial problems, saying, “We have entered a dangerous new phase of the crisis.”

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WB’s Zoellick says double-dip recession unlikely

Published by rudy Date posted on September 7, 2011

SINGAPORE – The global economy is unlikely to fall back into recession but there are risks, World Bank President Robert Zoellick said on Tuesday. “I don’t believe that the United States or the world will go into a double-dip but there’s a high degree of uncertainty,” Zoellick told reporters in Singapore. The United States is…

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Weak demand, fiscal tightening impede recovery in developed economies – UN report

Published by rudy Date posted on September 6, 2011

Economic recovery in developed economies may grind to a halt because of weak domestic demand and the replacement of stimulus packages with fiscal austerity measures as governments try to regain the confidence of the financial markets, according to a United Nations report unveiled today.

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Hiring standstill in US points to rising recession risk

Published by rudy Date posted on September 5, 2011

WASHINGTON (AP) – Employers added no jobs in August – an alarming setback for the economy that renewed fears of another recession and raised pressure on Washington to end the hiring standstill.

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Crisis in the West: The impact on Asia

Published by rudy Date posted on August 26, 2011

REPUBLIC SERVICE Last of Two Parts WHAT will be the impact of the economic and financial crises in America and Europe on Asia? For the region outside Japan, Morgan Stanley analysts see “No Escape from Weaker Growth in the Developed World”, as their Hong Kong report predicts.

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Asia, Philippines said to be safe havens amid U.S. debt concerns

Published by rudy Date posted on July 30, 2011

MANILA, Philippines-Philippine and other Asian assets may rise if investors shift funds from the U.S. amid debt concerns in the world’s biggest economy, a local bank treasurer said.

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Global growth to stay steady but troubles abound

Published by rudy Date posted on July 17, 2011

LONDON — The world economy should expand steadily this year and the next thanks mainly to prospering emerging powers, a Reuters poll showed, but fiscal troubles lurking in Europe and potentially the United States risk blowing this view apart.

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Published by rudy Date posted on July 14, 2011

The specter of another financial meltdown haunts the global economy. When this trading week opened, stock markets tumbled from Asia to Europe to North America. Financial risk assessments were grimmer. Spreads on sovereign debt papers widened.

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A failed global recovery

Published by rudy Date posted on July 13, 2011

NEW HAVEN — The global economy is in the midst of its second growth scare in less than two years. Get used to it. In a post-crisis world, these are the footprints of a failed recovery.

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International Women’s Day: New report shows second wave of global crisis hurting women

Published by rudy Date posted on March 7, 2011

Brussels, 7 March 2011 (ITUC OnLine): Women are facing higher unemployment, underemployment  and reduced working hours as a second wave of the global economic crisis impacts female employment, reveals a new report issued by the ITUC today, International Women’s Day.  The report, “Living With Economic Insecurity: Women in Precarious Work”  shows that while the…

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U.S. jobless rate dips below 9 percent

Published by rudy Date posted on March 7, 2011

WASHINGTON – Employers hired in February at the fastest pace in almost a year and the unemployment rate fell to 8.9 percent – a nearly two-year low.

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US unemployment rate falls to 9%, lowest since 2009

Published by rudy Date posted on February 6, 2011

WASHINGTON (AP) – The US unemployment rate is suddenly sinking at the fastest pace in a half-century, falling to nine percent from 9.8 percent in just two months – the most encouraging sign for the job market since the recession ended.

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US posts steady gains despite weak hiring

Published by rudy Date posted on December 7, 2010

WASHINGTON – The economy is starting to fire on almost every cylinder these days but the one that matters most: Job creation. Factories are busier. Incomes are rising. Autos are selling. The holiday shopping season is shaping up as the best in four years. Stock prices are surging.

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US unemployment surges to 9.8 percent

Published by rudy Date posted on December 5, 2010

WASHINGTON—The US jobless rate surged to 9.8 percent in November, a hammer blow to the economic recovery and to President Barack Obama’s hopes for a quick end to high unemployment.

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US Fed lowers economic outlook for 2011

Published by rudy Date posted on November 25, 2010

WASHINGTON (AP) — Unemployment is set to remain higher longer than previously thought, according to new projections from the Federal Reserve that would mean more than 10 million Americans remain jobless through the 2012 elections — even as a separate report shows corporate profits reaching their highest levels ever.

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Applications for jobless benefits rise to 462K

Published by rudy Date posted on October 15, 2010

WASHINGTON (AP) – More people applied for unemployment benefits last week, the first rise in three weeks and evidence that companies are reluctant to hire in a slow economy.

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What are we doing today to hasten the next financial crisis? The ticking time bomb of partial and ill-conceived financial market reform

Published by rudy Date posted on October 7, 2010

It took American politicians almost seven decades to forget the lessons of the Crash of ’29 and the Great Depression that followed. The concentration of wealth in the 1920’s, which coincided with (and arguably was caused by) the loosening of standards governing financial markets, led to the complete meltdown of the U.S. financial system, with…

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