Government Spending Figures

Jeffrey D. Sachs: Obama in Chains

It is hard for international observers to grasp the political paralysis that grips the US, and that seriously threatens its ability to solve domestic problems and contribute to international problem solving. Indeed, America’s...

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Mexico says its recession is over, but challenges remain

Mexico declares an end to its recession But leaders warn challenges still remain MEXICO CITY — Rising oil prices and increased exports slowly dragged Mexico's economy out of a severe recession, but the nation's financial system...

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The Dollar Bubble

A bubble in the Dollar was created in 1971 when the Government ended the gold standard. At that time, the Dollar lost its intrinsic value and has been in a bear market ever since. As a result, the Dollar's purchasing power has...

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MANDRYK: Finances in the fertilizer: potash forecast evaporates

What was most disturbing about Thursday's mid-year Saskatchewan budget update wasn't the bungled $1.8-billion miscalculation of potash revenue, nor was it necessarily the throw-caution-to-the-wind decision to wager the...

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CBI boss's memo to Gordon Brown: when you're in a fiscal hole, stop digging

Richard Lambert says even the Conservatives are not ambitious enough about cutting the Britain's deficit Richard Lambert can see for himself the hole into which public money is being poured. Outside the CBI's offices in...

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Cuts will cost British universities their international reputations

Financial crisis beckons as public spending cuts loom and universities face intense competition from overseas Universities are facing a new funding crisis with looming public spending cuts and intense competition from overseas,...

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Gordon Brown's financial delusions will cost Britain dear

Gordon Brown The PM still won't admit that too much state spending is economically destructive, says Jeremy Warner. In the dying days of Gordon Brown's Government, this ancient saw seems truer than ever. Everyone, that is,...

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Japan's Latest Economic Ailment: Deflation

During his Nov. 13 visit to Tokyo, U.S. President Barack Obama emphasized that Japan, as the world's second-largest economy, has a special role in the global marketplace. While much of the rest of the planet frets about a...

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Can China's Backwaters Save the Global Economy?

Photograph for TIME by Tomas van Houtryve / Panos Though he doesn't know it, shop manager Zhu Baohua is on the front lines of the battle to reform the global economy. Zhu's three-floor electronics store, crammed with Sony TVs,...

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OECD urges action as Britain`s debt mounts!

London: The OECD urged action on Thursday as new data showed Britain plunging ever deeper into debt, one day after Prime Minister Gordon Brown pledged a new law to fix public finances. Britain's public sector net borrowing...

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