Diversity training programs lead people to believe that work environments are fair even when given evidence of hiring, promotion or salary inequities, according to new findings by psychologists at the University of Washington and other universities. The study also revealed that participants, all of whom were white, were …
Updates on Cyprus’s extreme austerity, equal justice and markets,falling job quality, and capitalism’s impact on China. In-depth discussions of how worker coops can get needed capital and on basic flaw in economic education at college and university levels. Response to listeners’ questions on printing money and inflation and on teachers’ …
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“China is displaying the same three symptoms that Japan, the U.S. and parts of Europe all showed before suffering financial crises: a rapid build-up of leverage, elevated property prices and a decline in potential growth.” – Zhiwei Zhang, Nomura economist An uptick in manufacturing activity in March …
Government subsidies of gasoline, electricity and other energy sources amount to about $1.9 trillion a year and should be ended or offset with taxes used to battle climate change and pay for social programs, the International Monetary Fund said Wednesday in a major foray into the global warming debate. …
Thanks to corporate loopholes and profit-driven manufacturers, it’s harder than ever to really know what you are putting into your body — or perhaps even more importantly the mouths of your children. That said, it is possible to make sure you’re getting what is not just labeled organic and …
Some 1.2 billion people—almost a fifth of the world—live in areas of physical water scarcity, while another 1.6 billion face what can be called economic water shortage. The situation is only expected to worsen as population growth, climate change, investment and management shortfalls, and inefficient use of existing resources …
In 2001, when Jim O’Neill of Goldman Sachs coined the acronym BRIC to refer to Brazil, Russia, India, and China, the world had high hopes for the four emerging economies, whose combined GDP was expected to reach $128.4 trillion by 2050, dwarfing America’s projected GDP of $38.5 trillion. When the four countries’ …
The Dow is at a record high and so are corporate profits – so why does it feel like most of the country is deeply suffering right now? Real household income is the lowest that it has been in a decade, poverty is absolutely soaring, 47 million Americans are on food …
If the international media are to be believed the world, still struggling with recession, is faced with a potential new threat emanating from China. Underlying that threat is a rapid rise in credit provided by a “shadow banking” sector to developers in an increasingly fragile property market. Efforts to …
Europe’s food scandals are multiplying with the discovery of rotten meat recycled into Polish processed products and seizure of suspect Swedish food as far as China. Analysts said European food industry could face a crisis if scandals continue spreading beyond controversies over unexpected horsemeat content in food. …
This warning about China as a source will go unanswered for the foreseeable future. It exposes the underbelly of working with the Chinese. If you do not go in knowing this, you are likely to be badly burned. However, if you pay the price and act more Chinese than …
China is still shoveling subsidies to loss-making firms. Its economy is massively deformed and the global effects of its imbalances are getting bigger every year. The quality of life is degrading and pollution is an overwhelming problem. More on the bogus unemployment figures. The middle class is dying a slow …
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Given the world’s central bankers are already in a currency war, a policy statement made by a deputy-governor of China’s central bank should not come as a surprise (except for the fact it was publicly and bluntly stated). Please consider China well-prepared for currency war: official. China is fully …
As the sequester kicks in, automatic cuts will kick in across the board- including cuts to the defense budget. However, when one considers how completely out of whack our defense budget is in the post 9/11 age of perpetual war, the cuts will still leave us with a military budget …
A new study co-authored by Stanford Woods Institute biologist Peter Vitousek reveals that amounts of nitrogen (from industry, cars and fertilizer) deposited on land and water in China by way of rain, dust and other carriers increased by 60 percent annually from the 1980s to the 2000s, with profound consequences for the country’s …