Updates from March, 2009 Toggle Comment Threads | Keyboard Shortcuts

  • wingover 8:27 am on March 13, 2009 Permalink | Reply  

    Video: Walmart – High Cost of Low Prices 

    Walmart – High Cost of Low Prices.

  • wingover 11:41 am on March 8, 2009 Permalink | Reply  

    70,000 More Bangladeshi Workers Coming To Malaysia 

    70,000 More Bangladeshi Workers Coming To Malaysia | My Sinchew.

    KUALA LUMPUR: More than 70,000 Bangladeshi workers are expected to arrive in Malaysia soon to take up employment in the plantation, construction and services sectors, the Labour Counsellor at the Bangladesh High Commission here, Talat Mahmud Khan, disclosed on Sunday.

    Talat said that despite the economic downturn and rising retrenchment in Malaysia, Bangladeshi workers were still in demand as they were considered to be hardworking, efficient, obedient and trainable and did not demand a high salary.

    Bangladeshi workers have been known to be able to handle multiple tasks, he added.

    He explained that though there was a temporary freeze on the intake of foreign workers in the services sector, the visas for these Bangladeshi workers were approved before the imposition of the restriction.

    With the coming arrival of more Bangladeshi workers, their number in the country would swell to almost 500,000, among them 2,000 women, he told Bernama.

  • wingover 9:51 am on March 5, 2009 Permalink | Reply  

    Fed Refuses to Release Bank Lending Data, Insists on Secrecy 

    Bloomberg.com: News.

    March 5 (Bloomberg) — The Federal Reserve Board of Governors receives daily reports on loans to banks and securities firms, the institution said in response to a Freedom of Information Act lawsuit filed by Bloomberg News.

    The Fed refused yesterday to disclose the names of the borrowers and the loans, alleging that it would cast “a stigma” on recipients of more than $1.9 trillion of emergency credit from U.S. taxpayers and the assets the central bank is accepting as collateral.

  • wingover 10:07 am on March 4, 2009 Permalink | Reply  

    Over 6 Mln Russians actively looking for jobs 

    Interfax: Over 6 Mln Russians actively looking for jobs – Golikova.

    MOSCOW. March 4 (Interfax) – Today around 6.1 million Russians can be considered as unemployed and are actively looking for jobs, Russian Public Health and Social Development Minister Tatyana Golikova said at the Federation Council’s session on Wednesday.

    The number of officially registered unemployed Russians is 1.97 million, Golikova said.

  • wingover 12:22 pm on February 27, 2009 Permalink | Reply  

    Recession creates 50,000 police jobs as crime graph soars 

    Recession creates 50,000 police jobs as crime graph soars- Jobs-News By Industry-News-The Economic Times.

    WASHINGTON: Economic downturn has wiped off thousands of jobs from hundreds of the American companies, but the same crisis has prompted the US
    administration to announce a massive hiring of 50,000 police personnel.

    In its first budget, the Barack Obama government has proposed necessary funding to begin hiring 50,000 additional police officers.

    “Supporting the hiring of police nationwide will help States and communities prevent the growth of crime during the economic downturn,” the Office of Management and Budget said in the government’s budget proposals for FY2010.

    The additional funding to put 50,000 more police officers on the beat would be provided through expansion of Community Oriented Policing Services (COPS) Hiring Grant, it added.

  • wingover 10:19 am on February 26, 2009 Permalink | Reply  

    We are raging against a Government that spies on citizens and ignores the crimes of greedy bankers 

    via JAMES SLACK: We are raging against a Government that spies on citizens and ignores the crimes of greedy bankers | Mail Online.

    Today one of Britain’s most senior police officers with responsibility for public order raises the spectre of a ‘summer of rage’, with victims of the increasingly bitter recession taking to the streets in possibly violent protest.

    Superintendent David Hartshorn, who heads the Metropolitan police’s public order branch, warned that law-abiding middle-class individuals who would never have considered joining demonstrations may now seek to vent their anger through protests this year.

    Many will consider such a scenario unlikely, or point out this has not been the ‘British way’ over the past two decades.

    Violent protests take place in Europe – in recent weeks Greek farmers have blocked roads over falling agricultural prices, a million workers in France took to the streets to demand greater protection for their jobs and wages and Icelandic demonstrators have clashed with police in Reykjavik – but not here.

    But can we really be so sure? The public’s rage with the banks and the Government is growing by the day.

  • wingover 10:37 am on February 23, 2009 Permalink | Reply  

    Police fear ‘summer of rage’ in response to economic crisis 

    Police fear ‘summer of rage’ in response to economic crisis | Mail Online.

    Police are bracing themselves for a ‘summer of rage’ against the economic crisis, a senior officer warned today.

    Superintendent David Hartshorn, who heads the Metropolitan Police’s public order branch, said he feared there could be ‘mass protest’ at rising unemployment, failing financial institutions and the downturn in the economy.

    The officer told The Guardian that ‘known activists’ were planning returns to the streets, and intelligence revealed that they may be able to call on more protesters than normal due to the unprecedented conditions….

  • wingover 5:38 pm on February 17, 2009 Permalink | Reply  

    Why should corporations be bailed out? 

    Chrysler and GM gear up to ask for bigger bailout – Times Online.

    General Motors and Chrysler are expected to tell the US Government today that they need a bigger bailout than the $17.4 billion (£12.1 billion) the ailing car companies were promised last December. The companies must submit updated restructuring plans to the Government today as part of their December 2 rescue agreement.

  • wingover 2:39 pm on February 14, 2009 Permalink | Reply  

    G7 sets sights on new world economic order 

    G7 sets sights on new world economic order.

    ROME (AFP) – The world’s richest nations called Saturday for urgent reform of global finance to save the world from the economic devastation that is dragging more and more countries into recession.

    Italy’s Finance Minister called for a “new world economic order” as he wrapped up the crisis meeting of finance leaders from the Group of Seven leading economies over which he presided here.

    In a joint declaration, the G7 called for “urgent reforms” of the international financial system.

    Tremonti said a so-called set of “legal standards” discussed in Rome would be presented at a meeting of 20 key advanced and emerging economies (G20) in London in April and a summit of the Group of Eight (G8) world powers in July.

    “A new world economic order might seem rhetorical,” he told reporters. “But it is a true goal we should be aiming towards… today right here in Rome we’ve embarked on a very significant journey, both technical and ethical.”

  • wingover 8:25 am on February 14, 2009 Permalink | Reply  

    Should the G7 finance ministers, IMF and WB be held accountable for the global economic crisis? 

    G7 finance ministers gather in Rome for crisis meeting.

    The G7 nations include four west European nations, Canada, the United States, and Japan. Russia as well as the heads of the International Monetary Fund and World Bank will participate in some sessions of the meeting.

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