Archives for posts with tag: unemployment

MONEY BUZZ Watch Film Report: US ECONOMIC PROSPECTS
China may be rising economic star but US is still the king of the hill – but how about the prospects as more Americans do not share in the benefits? The International Monetary Fund said the United States (US) economy continued its tepid recovery. In its latest assessment of the world’s largest economy, the IMF said risks have intensified from worsening euro area crisis & uncertainty over domestic fiscal plans.
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MONEY BUZZ Blog Report: IT IS ABOUT JOBS IN US & GLOBALLY, By Ambassador Mo
US jobs report delivered another disappointing report for June. The global picture looks as bad or worse. In addressing the ECOSOC Assembly, UNSG Ban Ki-moon offered: “Only by generating decent – and decently paid – employment can we help the poor and vulnerable to escape poverty traps and build resilience.”  –More–
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Blog Report: SPORT AS PLATFORM FOR RACISM – FASCISM? By Ambassador Mo
“Presence of extremist groups, including neo-Nazi & skinhead, in sporting events is matter of serious concern,” Special Rapporteur on contemporary forms of racism, racial discrimination, xenophobia & related intolerance, said in report to HRC, pointing to recent incidents during European Union Football Associations’ championships as evidence that racism in sport is a serious problem. -More-
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MONEY BUZZ Blog Report: ANOTHER GORING FOR AUSTERITY & MERKEL IN SPANISH BANK BAILOUT? By Ambassador Mo
Does Spain’s continued fall into economic malaise reflect what US may have looked without stimulus and with more fiscal austerity? (Bill Clinton has aptly made the point). Does the way as well as fact of bailout of Spanish banks reflect a fundamental change of course for Europe away from austerity? –More–
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MONEY BUZZ Blog Report: CHINA CHECKS IN AS AUSTERITY CHECKMATES EUROPE? By Ambassador Mo
Austerity is killing European & global economic health? UN sees the Eurozone financial crisis as biggest global economic threat, & urged a change in course. In meantime, China has just stepped in to stimulate  its own & thus perhaps at the same time save world’s economy.
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MONEY BUZZ Report: EUROPE FAILING ITS YOUTH? By Ambassador Mo
“Many European countries stuck in “austerity-led recession,” are looking at crisis from a purely financial point of view, while public is asking “what about us? We’re paying cost for a crisis we had no responsibility whatsoever in producing”, offered International Labor Organization Dr-Gen Juan Somavia, who noted greatest impact of austerity & resurgent economic crisis is again global youth. –More–
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MONEY BUZZ Report: EUROPE’S POLITICAL WALKING DEAD – AUSTERITY’S ZOMBIES? By Ambassador Mo
Is this the fruit of austerity? – employment spikes & economic activity recedes across the Eurozone, and it is not just Spain or Greece. New Eurozone unemployment rate hit another high of 10.9% (it is much worse for the young) in last several years since global financial crisis. Meanwhile, the PMI (Purchasing Managers Index) dropped below 50 (45.9)which indicates a receding economy. –More–
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MONEY BUZZ Report: AUSTERITY IS KILLING JOBS & ECONOMIC HEALTH, By Ambassador Mo
Austerity is also making the deficit worse rather than helping – that is the message of UN’s ILO (International Labor Organization) as the situation in Europe is getting worse & much of the rest of the developed economies are exhibiting stagnation. Raymond Torres of the ILO also pointed out that return to healthy employment levels still is years away. –More–
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MONEY BUZZ Blog Report: US JOBS – GOOD NEWS – BAD NEWS? By Ambassador Mo
The US unemployment rate fell from 8.3% to 8.2%, but overall job creation in the US fell below projected expectations. Does this mean that US economy is growing, slowing or…?
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