Topic: Economic Development

Top galleries, list articles, quizzes

Spurs and Thunder star in NBA’s Western Conference Finals: 10 extra dimensions

The clash of the Spurs and Thunder in the NBA’s Western Conference finals may fly a bit under the national radar when it opens Sunday. Here are 10 factors that make this showdown intriguing.
Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
Beyond SpaceX: Five companies seeking to change space travel

During the past 10 years, Presidents George W. Bush and Obama have directed NASA to turn the job of transporting cargo and crew to the space station over to the private sector. As that process gathers pace, here is a list of the key players.
Hollande's victory: The world ponders a major shift

François Hollande's victory may represent change for not just France, but Europe as a whole.
Briefing
Five reasons to care about the Sudan - South Sudan conflict

Fighting between South Sudan and its rival, Sudan, could restart a 20-year civil war that claimed the lives of millions. It could also affect the price Americans pay for car fuel, China’s ability to keep its economy growing, and the stability of the region. Here’s a few reasons to pay attention to the fighting in Sudan.

All Content

Somalia famine has ended, but many still hungry

Good rains and reduced conflict have helped aid groups reach hundreds of thousands of displaced people in Somalia who rely on their aid. The hunger crisis remains a delicate situation, though.
Stefan Karlsson
Economic growth, or a slowdown in US productivity?

Economic growth, or a slow down in overall productivity? Analyst Karlsson argues that what many economists had announced as an uptick in employment growth late last year and early this year was actually a slowing of US productivity.
4 ways to save Rio+20 summit on sustainable development

As 'Elders,' even our optimism is being seriously tested by the lack of urgency about the Rio+20 summit on sustainable development in June. To succeed, the summit must start by setting goals, just as the UN did with its 'Millennium Development Goals' – with some targets now being met.
Greeks shrug off Europe's warnings that turmoil could get worse (+video)

Europe's dire warnings to Greece about the consequences of a potential default engender little fear among Greeks, who say the worst has already arrived.
Change Agent
Five microcredit programs innovate to break the cycle of poverty

Microcredit programs in developing countries now include other features such as connections to markets and savings accounts, as well as business development, health, and education services.
Keep Calm
As Europe peers into economic chasm, Africa's economy is rising

Reports by the African Development Bank, World Bank, and McKinsey show how Africa continues to offer a bright spot in the global economy.
Spurs and Thunder star in NBA’s Western Conference Finals: 10 extra dimensions

The clash of the Spurs and Thunder in the NBA’s Western Conference finals may fly a bit under the national radar when it opens Sunday. Here are 10 factors that make this showdown intriguing.
Chapter & Verse
FC Barcelona stars help to bring e-books to Africa

Worldreader, a nonprofit literacy organization, is using messages from Barcelona soccer stars to help distribute one million digital books to children living in sub-Saharan Africa.
Curt Schilling fires staff at video-game firm

Curt Schilling fires staff of 300 in Rhode Island, which had given a $75 million loan guarantee to the video-game company. Curt Schilling fired staff with an e-mail that thanked them for dedication but claimed an 'economic downturn' had hit the company
Federal Reserve official: If Congress dawdles, economy will fall 3 percent

Congress must sort out a raft of fiscal issues before Jan. 1, or it will cost the US economy dearly, said New York Federal Reserve President William Dudley.
Rich-poor divide bogs down UN climate talks

Developing nations say the industrialized world - responsible for most of the emissions historically - should bear the brunt of the emissions cuts while developed nations want to make sure that fast-growing economies like China and India don't get off too easy.
Senate committee cuts Pakistan aid over doctor's conviction

After a Pakistani court sentenced the doctor who helped the CIA find Osama bin Laden to 33 years for treason, a US Senate panel voted Thursday to cut aid to Pakistan by $33 million.
Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
Global News Blog
Amid eurozone turmoil, Germany borrows money for free

Germany sold $5.7 billion of debt today to yield 0 percent, a reflection of how much Europe's largest economy has diverged from its southern neighbors who are paying far more to borrow.
Gordon Brown: Europe needs a global rescue

The G8 summit at Camp David failed to find a plan for economic growth in Europe and to deal with a euro crisis that goes beyond debt. It may seem strange to propose that the world’s second-richest continent needs a global rescue. But today’s European consumers are too fearful to spend.
Oil prices fall to seven-month low

Oil prices edge down below $91 a barrel as tensions ease over Iran nuclear program. London's Brent crude oil prices fall to $107.
Stocks mixed after Greek worries resurface

After gaining for most of the day, the Dow only finished up 2 points at 12503 Tuesday, as news out of Greece yanked indexes lower shortly before the closing bell.
Hollande's first world appearance a double success

Less than a week after taking office, French President François Hollande traveled to the G-8 and NATO summits to make his case for new economic policies and a French pullout from Afghanistan.
OECD concerned that eurozone crisis could threaten world recovery (+video)

The Organization of Economic Cooperation and Development said Tuesday the eurozone must get member nations with debt problems under control, so as to not pose problems for a less than robust world economic recovery.
Difference Maker
Jean Enock Joseph teaches self-help to lift Haiti

Pastor Jean Enock Joseph doesn't shy from Haiti's toughest problems. His message: Haitians have the ability to help themselves.
France says 'oui' to euro bonds, but Germany says 'nein'

German finance official says Berlin continues to oppose euro bonds, which would create debt backed jointly by European Union nations. EU members meet Wednesday in Brussels to discuss euro bonds and other growth-enhancing policies.
As its banking woes mount, Spain ponders where to go from here

Its banks struggling, Spain has moved closer to needing a bailout. But some argue the takeover of Bankia and other measures could mark the beginning of movement toward greater stability.
Hollande-Cameron don't agree on much – except need to save the eurozone

French President Hollande and UK Prime Minister Cameron meet in US today ahead of G8 summit. They are likely to find common ground on eurozone crisis despite differences over austerity.
Keep Calm
Good Reads: on optimism, rise of a global middle class, and geek revivals

It may be easy to feel down in an election year, but between the rise of the global middle class and a geek resurgence, there are reasons for hope.
Beyond SpaceX: Five companies seeking to change space travel

During the past 10 years, Presidents George W. Bush and Obama have directed NASA to turn the job of transporting cargo and crew to the space station over to the private sector. As that process gathers pace, here is a list of the key players.