Global Economic Outlook

Euro Zone Austerity is Fiscal Stimulus in Reverse-Lessons for the US

Euro zone austerity measures amount to fiscal stimulus in reverse. The cut back in government spending and employment have caused negative growth. The same can occur in the US unless Congress focuses on growth....

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South Africa’s March toward MDGs

More needs to be done but the Gazelle Index applauds South Africa for its MDG achievements and continuing struggle to reduce poverty, infectious diseases, unemployment and gender inequality....

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India takes Steps toward Gender Equity

India is the world's largest democracy. In 1981, only 19.7% of women were in the labor market. Today, women in India are responsible for 81% of the total time spent on housework and care and 36% of the total time spent...

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The Dragon vs. the Eagle, and Future of US World Economic Leadership

China is challenging US global economic leadership. Its share of world output will soon eclipse that of the US and it holds $1.7 trillion in US debt. Britain lost its world financial leadership when it became indebted...

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Greece’s Debt Agreement: The Stakes for the US Economy

Global Economic Outlook

Greece’s Parliament passed a tough austerity measure as a precondition for a bailout agreement. The stakes are high for US banks because five of the largest banks have billions invested in the Euro-zone countries...

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Beyond the Euro Zone Debt Crisis – Millennium Development Goals

Global Economic Outlook

The Davos World Economic Forum is focused almost exclusively on euro sovereign debt and the consequences of austerity programs. Yet 1.4 billion of the world's people live on incomes of less than $1.25 a day. The Forum...

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Euro Debt Loan, Housing Starts: Good News for US Economy

Global Economic Outlook

The recent increase in housing starts, decrease in new claims for unemployment compensation are positive signs that Europe's debt problem is not affecting US growth....

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Eurozone Debt: Chickens Come Home to Roost

Global Economic Outlook

Two decades ago, European countries were very critical of Latin American and African countries that were saddled with tremendous debt. Now, Europe is facing the same problem--the chickens have come home to roost....

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How the November Jobs Report is linked to Greek Debt

Global Economic Outlook

Large US financial institutions are heavily invested in euro zone countries; Bank of America, J.P. Morgan and Citigroup each have over $14 billion invested in the five worst countries. If they default, US bank lending...

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