Dawn: KARACHI: The Pakistani rupee traded at a record low of 90.42 on Thursday for the second consecutive trading session amid increased import payments, especially of oil, and because of a negative outlook on the country’s economy, dealers said. “There are some oil import payments but there are few inflows […]
Date: January 3, 2012 Coyhaique, Northern Patagonia Yesterday we discussed certain events that, in my view, are nearly mathematical certainties. Things like a restructuring of public pensions and Social Security in Europe and the US. Western governments blocking Internet and mobile networks. War. The US government being forced to issue debt in a […]
WASHINGTON — The Federal Reserve will begin later this month to publish the predictions of its senior officials about their own decisions, hoping to increase its influence over economic activity by guiding investor expectations. The change was approved at the most recent meeting of the Fed’s policy-making committee, in December, […]
By ALI BLUWI | ARAB NEWS RIYADH: Saudi Arabia, starting Thursday, will implement the Ministry of Labor rule that only females can work in women’s lingerie stores. The Labor Ministry […]
Courtesy: NY Times By PAUL KRUGMAN In 2011, as in 2010, America was in a technical recovery but continued to suffer from disastrously high unemployment. And through most of 2011, as in 2010, almost all the conversation in Washington was about something else: the allegedly urgent issue of reducing the […]
Source: The Economic Times KOLLAM (Kerala): Nobel Laureate and architect of Bangladesh Grameen Bank Muhammad Yunus today stressed the need to discard the economic theory that business is all about profit-making and said all economic activitiesshould focus on solving the problems of society.Speaking at the inaugural session of the International […]
http://pix04.revsci.net/H07707/b3/0/3/0806180/573492465.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707American consumers are running out of tricks. As the weak economy has trudged on, they have leaned on credit cards to pay for holiday gifts, many bought at discounts. They are dipping into savings to cover spikes in gas, food and rent. They are substituting domestic vacations for international trips, […]
Royal runs campaign for change in her homeland from a suburb in west London Cahal Milmo. Her Royal Highness Princess Basma Bint Saud Bin Abdul Aziz is one of the […]
RT: The rise of neo-Nazism across Europe has been progressing steadily, with Germany in particular seeing more and more young people being drawn to extreme-right groups. RT’s Egor Piskunov has been examining what is driving this dangerous trend. With a population of only 6,000, Zossen is a typical small German […]
http://pix04.revsci.net/H07707/b3/0/3/0806180/111175477.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707%2CH07707 Europe’s leaders braced their nations for a turbulent year, with their beleaguered economies facing a threat on two fronts: widening deficits that force more borrowing but increasing austerity measures that put growth further out of reach. Saying that Europe was facing its “harshest test in decades,” Chancellor Angela Merkel […]
One of your New Year’s resolutions is probably to better balance your professional life with your personal life. If not, it should be. So how do you accomplish this? Perhaps the easiest thing to do is move to a country where the locals are already very happy with their work-life […]
(Reuters) – Dysfunctional politics threatens to deliver a protracted period of slow global growth, possibly lasting well beyond 2012, which will only deepen the political and economic problems for the West. The global financial crisis that began four years ago has morphed into a political crisis for the United States […]
Most people see buying a home as a part of the “American Dream”, well for most it’s become a nightmare. Buying a home is pretty much the best way to throw your money away and here’s why. Renters win because they have the flexibility that homeowners do not and after 30 […]
NEW YORK (CNNMoney) — Investors may be saying good riddance to a choppy year, but they’d better buckle up. The first quarter of 2012 is going to be a roller coaster ride, with Europe front and center. “The euro debt crisis continues to be on the feared side of the […]
By MUSHTAK PARKER | ARAB NEWS Islamic finance and business education has flourished over the last decade or so in line with the growth of the industry. Universities, business schools, colleges and professional bodies — both in the Muslim countries and in other countries especially Europe, Singapore and the US […]
Have we become a nation of idlers? That’s what official statistics seem to indicate. According to a report by the Central Statistics and Information Department (CSID), there are about 11.8 million Saudis of working age, but only 3.8 million are actually working. That leaves eight million Saudi citizens, or two […]
The Daily Telegraph: The head of one of Britain’s “Big Five” banks warned that any break-up of the single currency would have dire consequences for the global economy because it would be difficult to judge how the contagion would unravel. “Obviously we close 2011 with a huge amount of focus […]
http://pix04.revsci.net/H07707/b3/0/3/0806180/673570768.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707%2CH07707http://pix04.revsci.net/H07707/b3/0/3/0806180/363508993.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707It seems that anxious investors in these troubled economic times are seeking safety in crowds. The prices of stocks, bonds and a host of other financial assets, which in normal conditions more often than not move in a diversity of unpredictable directions, are increasingly surging up or down in lockstep. […]
The stock market’s rebound from the financial crisis three years ago has created a potential windfall for hundreds of executives who were granted unusually large packages of stock options shortly after the market collapsed. Now, the corporations that gave those generous awards are beginning to benefit, too, in the form […]
FT: …..But amid that list there is also another, often ignored, question to ponder: could 2012 produce a repeat of the “flash crash”, the bizarre episode that hit the U.S. equity markets back on May 6 2010? Think about it for a moment. A full 18 months have passed since […]