London seeks return of talented traders and analysts to investment banks from boutique firms by doubling the salaries of former workers.
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Economy
“London Banks Double Pay to Lure Talent”
Long-term unemployment is highest since 1948
“Forty percent of all unemployed Americans, at least 6 million, have been out of work more than six months.”
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California in revolt
Angry California voters are using voter initiatives to express their displeasure with their states failed economic policies that have led to the states recent 20 billion dollar debt.
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Ford betting on small and light
Ford will put it’s focus on the Ford Focus and try to make a car that is appealing to the entire world.
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US looses another economic battle to China
The West lost a 20 year battle in Central Asia to China and Russia as those two countries walked away with gas deals with Turkmanistan and the US and Europe did not. Dictatorships in the region are finding it increasingly difficult to negotiate with the US while the US insist on potential business partners...
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GM trying to sell SAAB
GM is trying to sell SAAB to Spyker Cars or Genii Capital, as the US sells its manufacturing base to the highest bidder.
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Russia threatens to halt oil supplies to three countries
In the never ending dispute between the Ukraine and Russia, Russia threatened to cut off oil supplies to Slovakia, Hungary, and the Czech Republic if the Ukraine raises transport prices on Russian oil flowing through the Ukranian pipeline. Russia halted gas supplies to parts of Europe earlier this year when the Ukraine asked for...
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How to sell to Chinese
The Chinese are more concerned today with “product safety” due to shoddy safety practices of Chinese manufacturers. The Chinese consumer will spend 15% more to be sure they buy safe. The Chinese are shopping through “computer and mobile phone” and qualityonline products will sell.”Digital and social media marketing” is popular in China and should...
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Hugo Chavez devalues Bolivar to fund more social programs
Following the example of the US, Venezuela has devalued it’s currency by at least 17% and up to 50% to fund more social programs. This is supposed to encourage exports and discourage imports.
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“Zimbabwe is mine” says Mugabe
The blind ambition from a smooth talking leader who was supposed to lead his country in transition from colonial rulers to democratic representation leads his country to ecnomic ruin and moral decay. Will Obama do the same?
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