However, yet again the worker on the street is unlikely to feel the benefit of these initiatives until at least the second half of next year. "The economic data will say we are coming out of recession but most households, when they look at their own income and what is happening to their neighbours, they are not going to see this recovery when people are still losing their jobs" said Ahmed. “This will have social consequen-ces,” he added.
Full Article at 7 Days
The Jakarta- based bank had a profit of 5.9 trillion rupiah in 2008, according to Bloomberg data. Indonesia’s central bank...
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Swiss Life, Switzerland’s biggest life insurer, lost 3.8 percent in Zurich. Optimism over the economic recovery that made...
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China has been repaying some of what little foreign debt it owes, even as economists wonder whether Greece will require...
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Geithner (guy-tner) told ABC News in an interview that will air Sunday on "This Week" that the U.S. is at a lower risk...
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(Flickr/capn madd matt) Once a booming metropolis, Detroit, Mich. is a particularly grim symbol of the struggling United...
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But countries on the fringe, including Greece, Portugal, Spain and Ireland, are having trouble paying for years of debt-driven...
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