Jodhpur handicraft industry has eclipsed almost every other industry in this second largest city of Rajasthan in recent years. The importance of handicrafts industry makes Jodhpur news weightage over other cities across the country.Especially wooden furniture made in Jodhpur has always been in great demand not only across India but abroad too. The furniture export alone accounts for more than Rs 1 crore in Jodhpurs economy. The large profits in...more
Of Nigeria's Hand-To-Mouth Economy According to the Christian Bible, when God created Adam and Eve, presumably the first parents of all humankind, he put them in a beautiful garden of abundance, but when they sinned through the agency of the devil in the guise of a serpent, God condemned them and their descendants on end to a life of labour thus: "All your life you will sweat to produce food until your dying day." The same message was...more
How the Fed Could Save the Economy and Destroy the Currency Is the glass half full? The Federal Reserve has committed to buying $600 billion worth of Treasury bonds between now and June, and it wants to purchase up to $900 billion in debt by the end of September 2011.1 This second round of quantitative easing has been dubbed QE2. Basically, this effort would pump cash into the banking system to promote lending and some inflation, and it has the potential to help stocks, the housing market, consumer spending and employment. Let us all be reminded that the basic premise of the Fed lowering interest rates or in this case QE2 is that lower rates of interest leading to increased money supply in the economy will spur investors to invest, banks to loan, and businesses to hire workers and invest in their businesses, which presto creates positive economic activity.Or is it half empty? Various economists, financial analysts, and business leaders are extremely worried about the impact of this tactic. They fear it may create another stock market bubble like the dot com bubble via an inflated equities market motivated by speculation and low interest rates instead of real earnings by...more
Straw derivative of the Kingdom, "kang economy" In an interview Pingdu Xinhe Town, feel like being in a straw handicraft "kingdom," written just grass handicraft businesses along the road everywhere, straw processing points throughout the villages, nature's intricate basketry crafts and attractive.The three "highest in the...more
Dealing with Today's Economy When Owning and Operating a Dollar Store We've all heard the same reports on the economy time and time again. Those owning and operating a dollar store have been right in the middle of this storm. The stories of doom and gloom everywhere have proven true for some. Yet many others have held their own during...more
How Ralph Gonsalves Damaged Economy There are several ways in which you bring an economy down on its knees. The Prime Minister of St. Vincent and Grenadines, Ralph Gonsalves, left no stone unturned to ensure that there was little or no economic prosperity for the Vincentians. To avoid responsibility, Comrade Ralph often tells the media that the economy was in bad shape before he took the reins. He blamed the September 11 event in USA, the global economic meltdown and also the previous governments. What he did not admit was that he got nine years to mend broken things and all he did was plan political murders and different ways in which to silence his critics. He was never a man of action, someone who would walk on the path of progress and let people talk about his work rather than about his personal misdeeds. The economy at St. Vincent and Grenadines has a fiscal deficit that is too high for the current trade and commerce to bridge down. Vincentians are not doing well in their strong points. Agriculture was their source of revenue once. But Prime Minister Ralph Gonsalves didn't build any roads for the farmers to transport their produce without suffering a loss or paying a...more
When the ship is going down, it is hard to think about your favorite restaurant, television show, or movie. As the old poem goes:When the ship is sinking I m not thinkingI dont care about thrivingJust survivingA lot of it makes sense. Why think...more
Strengthening Cooperation to Promote the Common Prosperity of the Chinese and World Economy It is my great pleasure to have Mr. Kohler join me to discuss with you on the issues of the world economy and China's reform and development. This is...more
Modern EconomyThe modern economy of Jersey is largely driven by international financial services & legal services, which accounted for 53% of total GVA in 2007. Other sectors include construction, retail, agriculture, tourism and order fulfillment,...more
Wholesale Imports Are Vital to a Functioning World Economy To state it simply, wholesale imports are the goods that one region purchases from another region. These commodities will probably be such things as textiles, cloths, fresh foods, raw...more
The economy of Latin America is represented by 20 countries and over 560 million people. This region is filled with endless opportunities that still remain untapped throughout the years. This has attracted large numbers of foreign companies to search...more
Current state of the economy 2010 This global recession wehave entered 3 years ago is by far the worst since the great depression What we don't know is this will be a much bigger recession than the great depression. All analysts are saying the...more