The World’s Unemployed Could Increase to 240 million
The global economic crisis could lead to growth this year in the number of unemployed worldwide to a record of nearly 240 million people, equivalent to an unemployment rate of 7.4%, estimated the International Labor Office.
“The labor market has worsened from the beginning of crisis. Our current projections show that (the unemployed – number) will [...]
Great Britain’s Public Debt is Approaches 100% of GDP
According to an analysis conducted by rating agency Standard & Poor’s, he public debt of the United Kingdom is approaching 100% of GDP. This situation might lead the agency to downgrade its investment rating of Great Britain. The loss of investment rating of “triple A”; would be a disaster for the Labor government led by [...]
Read more →Tips on Dressing for a Job Interview
Going in for a job interview is stressful enough, but figuring out how to dress for it only adds another layer of anxiety. Many people are not sure what to wear for a job interview. Do you dress up in a full suit with matching cufflinks and tie? Or do you dress [...]
Read more →Widespread Unemployment Risks Social Crisis
The global economic recovery will be slow, increasing unemployment worldwide which raise the threat of social crisis and protectionism, said World Bank president, Robert Zoellick, in an interview for Spanish newspaper El Pais.
“What began as a major financial crisis and become a major economic crisis now turns into a crisis of unemployment, and if we [...]
Debt and Stress
In the current financial climate if you have a heavy burden of debt then you could be kept awake at night worrying how you are going to pay back the money that you borrowed. The stress is exacerbated when you are in debt and you have just been made redundant. More than twenty thousand people [...]
Read more →How to Save Money on Life Insurance
As interest rates have declined over the last couple of years so too have premiums on life insurance policies. There’s never been a better time to buy life insurance, but it helps to know how to shop for it.
While insurance professionals are sure to disagree amongst themselves about it, there are several reasons to [...]
Bulgaria Will Feel the Effects of the Crisis Until 2012
The president of the Bulgarian Industrial Association (BIA), Bojidar Danev, said that Bulgaria will not manage to overcome the negative effects of global financial crisis until 2012, according to Sofia News Agency.
Danev added that national budget revenues are down and the system bank of the country has deteriorated. BIA President has said that falling liquidity [...]
IMF: World Economy Will Grow Next Year, But Recovery Will Be Slow
The global economy will return to growth starting next year, said deputy director of the International Monetary Fund (IMF), John Lipsky, quoted by Bloomberg.
“Our outlook on the global economy suggests a return to economic expansion in 2010”; said Lipsky. “However, the return will be much more slowly than in previous periods of recession “the IMF [...]
A Car That Costs $12 Million
Last week a new world record was set for most expensive car ever sold at auction. RM Auctions and Sotheby’s sold a vintage 1957 Ferrari 250 Testa Rossa for $12.2 million.
Only 21 of these Ferraris, with the distinctive Scaglietti-designed pontoon fender, were ever made. It was the fourth Ferrari 250 TR ever built [...]
White House: U.S. Economy is No Longer in Free Fall
The director of Budget Bureau from White House, Peter Orszag, said that U.S. economy is not in “free fall”, but not out of danger zone, Mediafax informs.
“Free fall of the economy seems to have stopped”, Orszag Peter said to CNN television. The U.S. economy, biggest of the world, went into recession at the end [...]
The Economic Crisis Requires Reduced Budgets
The economic crisis is requiring governments around the world to cut budgets. First affected by the social adjustment costs from Lithuania were mothers. In Estonia, the President wants to give an example and reduced his own salary. In Hungary, the victims of adjustment are primarily pensioners.
The cutting of social cost brought hundreds of mothers to [...]
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