In South Africa on Thursday, unhappiness about persistent poverty and shoddy public services led to unrest in some of the townships near Johannesburg. Yaw Nyarko of New York University says that many blame immigrants for taking jobs that might lead to a better life.
All Posts Tagged With: "economy"
The Obama administration has been in overdrive building America's pivotal power relationships with China, Russia and now India, writes Worldfocus blogger Nina Hachigian. But it's one thing to build these relationships -- and it is another for them to work.
PBS Wide Angle's film "The Market Maker" features the story of one woman's efforts to combat a seemingly never-ending cycle of famine in Ethiopia by creating that country's very first commodities exchange.
During a visit to Saudi Arabia, U.S. Treasury Secretary Timothy Geithner told some of the country's business leaders to expect what he called a "gradual recovery with more than the usual ups and downs and temporary reversals." Fadel Gheit of Oppenheimer and Company discusses economic overtures to the Middle East.
Following the G-8 summit in Italy, U.S. President Barack Obama met in Rome with Pope Benedict XVI. The two men greeted each other warmly, with Obama characterizing the meeting positively -- despite their differences over issues like stem cell research and abortion. Reverend Drew Christiansen of "America" magazine discusses the meeting.
In 1998, just six Chinese companies were on the Fortune 500 global list of the world's largest companies, while 185 American companies were included. Ten years later, 37 Chinese companies made the list, while U.S. companies had decreased to 140. Brian Dumaine of Fortune magazine discusses this rise and China's role in recovery from the global recession.
At the annual G-8 summit, the gathering of leaders from the world's largest economies, the global recession remains a big concern. John Authers of The Financial Times discusses what new regulations may be proposed at the summit and where the markets could be headed.
China and the United States have thus far been able to avoid a train wreck over climate and energy conservation issues, writes Worldfocus blogger Nina Hachigian, but the real test is still to come.
In a victory for indigenous protesters, Peru overturned two controversial laws intended to open the Amazon rainforest to foreign investors. But demonstrations have continued around the country. Reporter Terry Wade joined Worldfocus from Lima to discuss the social unrest in Peru and its lasting implications for the country's economy and political landscape.
China and India have often been portrayed as the major drivers of the future, based on their economic clout. But quite apart from grand economic plans and new global alignments, a different reality is taking shape in both countries. Worldfocus contributor Luv Puri writes about border disputes that are renewing fears of a Sino-Indian confrontation.