Finance & Economics

Statement by the EC, ECB, and IMF on the Review Mission to Ireland

Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Dublin during January 10-19 for the regular quarterly review of the government’s economic programme. The teams’ assessment is...

Taiwan's economic outlook boosting

Taiwan’s 2012 presidential election had attracted world attention last week. President Ma Ying-jeou’s relection has been treated as the support for Consensus of 1992 which is the foundation of stable cross-strait relations and allows further develope...

The Income Gap: Unfair, Or Are We Just Jealous?

The widening gulf between the rich and everyone else is a growing source of tension in America.

S&P Downgrades Ratings in Nine Euro-zone Countries

The ratings agency, SP&, released a statement today that pointed out the proper assessment of pecuniary conditions of countries in the Euro-zone.

Liberian cocoa and coffee farmers to benefit from UN financing

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The United Nations rural development arm is to provide a $24.9 million loan to Liberia to improve the West...

Italy's Accordion Industry: Tiny And Thriving

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Italy's famed accordion industry has all the business it wants — but there are limits to its...

Italian Shopkeepers Say 'No, Grazie' To More Hours

Italy's new prime minister, technocrat Mario Monti, wants to stimulate growth by boosting productivity and competitiveness. A new law that went into effect Jan. 1 allows shops, cafes and restaurants to stay open 24/7 all year long, holidays included....

Fla.'s Economic Pain, Anger Could Shape 2012 Race

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The housing market collapse has taken a toll on Florida families and may affect how they vote in the presidential...

'Slow, Plodding' Economy Stalled By Housing Market

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According to the Standard & Poor's Case-Shiller Home Price Index released Tuesday, home prices were down 3.4 percent this year...

'Smart Decline': A Lifeline For Zombie Subdivisions?

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Unfinished subdivisions like this one in the Phoenix suburb of Gilbert, Ariz., have led urban...