In the current economic downturn, it isn’t surprising to see workers avoiding vacations. Many need the money, and may even be unsure of whether or not they will have a job the next day. But, if they spend all their time working and saving their money, and not spending it, this creates a problem. In , the issue has actually taken a noticeable toll on the economy. Japanese workaholics, or sarariman, often work late nights and stash away their money. Japan, then, needs to find a way to .
globalEDGE Blog - Page 294
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has the highest unemployment rate out of all developed . One region that is in desperate need for new investments and jobs is Aragon. Therefore, the parliament has decided to approve a law to allow the construction of a casino city in the countryside near Ontinena. The following video gives details about The Gran Scala project.
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Like all good things, globalization has some negative side effects. The current of swine flu highlights the ability for diseases to be transported quickly around the world, primarily because of how interconnected the global economy has become. It is important for both governments and international business people to arm themselves with the proper knowledge in order to and put in place the best safeguards for such an event.
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If you think the financial crisis is throwing a wrench into your business plan, try running a distillery in Nepal. by Forbes tells the story of the Himalayan Distillery Group Ltd., or HDL, and their struggle to run a profitable business in the face of corruption, power outages, and kidnappings.
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Solutions to this economic mess may seem to necessitate complex plans, but a deceptively simple old visa program is starting to garner growing attention as a means to lift especially troubled areas of the U.S. out of their economic woes.
It works like this: immigrants invest $500,000 in a new or struggling business via an approved regional center, get green cards for their families, don't have to manage day-to-day issues with the businesses, and get to pull their money out after 2 years if they pass an audit. Sounds good?
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American universities are not cutting down on financial aid; instead, they are cutting down on students who need it. This year will be harder on students pursuing higher education if they need financial aid. According to a New York Times , students who are “maybe-s” when it comes to acceptance are more likely to be denied if they need financial aid. Truly, there is more financial aid available for universities to award; however, there is also an increase in students who need it.
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A recent story by BusinessWeek .
Some interesting statistics:
- When a girl in the developing world receives seven or more years of education, she marries four years later, on average, and has 2.2 fewer children.
- An extra year in primary school statistically boosts girls' future wages by 10% to 20%, and every additional year a girl spends in secondary school lifts her income by 15% to 25%. The size of a country's economy is in no small part determined by the educational attainment and skill sets of its girls.
- Young women have a 90% probability of investing their earned income back into their families, while the likelihood of men doing the same is only 30% to 40%.
- A girl's school attainment is linked to her own health and well-being, as well as reduced death rates: For every additional year of schooling, a mother's mortality is significantly reduced, and the infant mortality rate of her children declines by 5% to 10%.
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We here at globalEDGE try to stay on top of the latest social networking trends, so we've decided to make a twitter page for the blog. You can check it out at .
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A recent listed as No. 9 of the "World’s Gloomiest Countries" with respect to economic outlook, with exports, profitability margins, investments, turnovers, and selling margins all expected to fall in a negative manner. Despite the hard hits that Hong Kong and the other Asian markets have taken in the financial crisis, Hong Kong can and will bounce back.
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“Bailout” has become an all-too-familiar word as of late, but a brings an interesting (though not entirely positive) twist to the dreaded word. The goal of this particular bailout is aimed more at social stability than in creating a leaner and more competitive for the future. The bailout will focused ensuring employment of autoworkers by avoiding layoffs - in spite of plummeting demand.