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Sondos 2

NZ may have skirted recession in 2010 - 0 views

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    New Zealand may have skirted recession in 2010, with economists predicting positive growth in the final three months, though last month's earthquake in Christchurch could see GDP turn negative again in early 2011. The economy expanded 0.1% in the fourth quarter after unexpectedly shrinking three months earlier.
Sondos 2

Japan's crisis will not trigger global recession: Economists - 0 views

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    Japan's nuclear crisis and the devastations caused by last Friday's earthquake and tsunami are unlikely to trigger a global recession as happened in the aftermath of the collapse of the US investment bank Lehman Brothers three years ago, according to leading economists. However, they expressed fears that automobile and electronic industries around the world, especially in Asia, Europe and the US, may face manufacturing delays, if the Japanese production of components remain crippled for a long period. Even though Japan is the world's third largest economy, its share of the global gross domestic product (GDP) is below 5 per cent. Therefore, the consequences for the global economy from the catastrophe will be very minimal
Sondos 2

Global economy faced with a new recession - 1 views

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    Japan's struggle to avert a nuclear disaster and prepare for a reconstruction of epic proportions is one more risk for a global economy already grappling with mounting risks. The threats to the fragile recovery were already rising before the devastating earthquake and tsunami brought the world's third-largest industrial economy to its knees. And they span the globe - from conflict and oil disruptions in the Middle East and rising inflation in China and other high-growth emerging economies to continuing debt woes in Europe and persistent weakness in U.S. housing and employment, whose recovery is essential to any sustained U.S. rebound. Adding to the wall of worry, governments have pulled the plug on massive stimulus programs, which played a crucial role in turning around economic fortunes in the wake of the 2008 financial meltdown and ensuing recession. Are these symptoms of an upcoming recession?
Wonwoo C

Aftershocks - The Japanese earthquake is the latest piece of bad news to unsettle inves... - 0 views

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    "WHEN disaster strikes, the reaction of many investors is to scoot first and ask questions later." The recent natural disaster in Japan not only caused tsunamis that destroyed the cities, but it also caused ripples of detrimental effects on the world economy. Investors reluctant to put their money on the table due to the negative trends due to geopolitical and economic reasons around the world further contribute to the cycle of recession.
Deniz K

Brazil landslides: Military steps up rescue operation - 1 views

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    The tragic landslides in Brazil highlight the importance of public goods. Although, it certainly was a natural disaster the government has been criticised for not alerting people to the dangers. It was well known that this mountain in this area has a lot of rocky ground, which is impervious to water. Furthermore, rapid population growth causing the building of new housing did not improve the situation. The government failed to provide basic public goods, such as monitored flood control, efficient public drainage. "The Science and Technology Minister, Aloizio Mercadante, said five million people lived in some 800 areas considered at risk of mudslides and floods. He said it would take at least four years for a nationwide alert system to be in place."
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    More than 13,000 people have lost or abandoned their homes because of the disaster, government has already responded to this disaster by sending extra troops, ambulances , helicopters, first aid, food, water etc. this expenditure will be covered by tax payers money, if disaster was bigger i think government wouldn't have been able to help their people, the vivid example was the earthquake in Haiti,
Nabil E

In This City, It's a Long Climb to the Top - 0 views

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    This Article talks about the demand for the installation of elevators in Kabul businnes buildings. Unfortunetly the instability of the city matched with earthquake prone nature of teh region make any installation a difficult investment.
Javier C

If Japan Can Address Her Crises, Then the U.S. Can Address Job and Energy Insecurity - 0 views

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    This article talks about how a keynesian approach to an economic matter may be radically opposed to the point of view of a classicist; concretely about the japanese crisis, consequence of the earthquake and tsunami of the past month
Jackson Mote

The US Energy Conundrum: Keeping the Supply Side of the Equation Read more: http://tec... - 0 views

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    This article is about how the supply side within the United States has changed since the Deepwater Horizon incident last year and the recent earthquake in Japan. These two disasters that occurred within 1 year of each other are estimated to affect the US economy for over 10 years at the least.
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