A study by the Migration Policy Institute has shown that the recession had direct impact on global migration. The number of people traveling abroad for work opportunities has been decreasing while majority of immigrants have chosen to remain Read the rest of this entry »
Sep 29
Public outcry against banks during this recovery period especially on the issue of huge salaries and benefits bankers have accrued to themselves has gone a step further as many shareholders are vehemently opposing directors of banks over matters relating to big salaries and rewards against poor performance of stocks. Many shareholders simply want boards to be scrapped. This was revealed in a recent study. Read the rest of this entry »
Finance ministers from both rich and developing nations have called for an immediate reform of the banking systems in developed countries.
Have the tables really turned?
It appears the economic crisis is tilting the balance of power gradually away from the U.S. It seems Washington is beginning to relate to China as a respected partner. The tables seem to have turned around and this time it is the US who is having to answer to China for not behaving properly (financially).