Sasidharan Karthikeyan

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When global recovery goes missing

In mid-November the OECD Secretariat issued the second of its annual assessments of the Economic Outlook for the world economy. The previous …

Same-Sex-Marriage Fight Shifts Back To States

The dual victories the Supreme Court handed to gay-marriage supporters Wednesday seemed to temporarily shift the focus of the fight from Washington to the states.<p>For instance, one of the more notable reactions to the Supreme Court decisions overturning the Defense of Marriage Act and upholding a …

Malaysia turns to technology in bid to reach high-income status by 2020

Having established itself as an Asian tiger, Malaysia is now banking on technology to achieve its ambitious goal of attaining high-income status by …

Many cities face long waits to regain lost jobs

Most U.S. cities won't regain all the local jobs lost in the recession until 2015 or later. Top performers: College towns, oil centers, military base communities.<p>More than half of all U.S. metro areas won't regain the jobs lost in the recession until the second half of 2015 or later, an analysis …

EU reaches political deal on seven-year budget

<b>A political deal on the EU's hotly contested seven-year budget has been struck, European Commission President Jose Manuel Barroso has announced.</b><p>The deal on the 2014-2020 budget was reached between member states and European Parliament leaders, he said.<p>The 960bn-euro (£822bn; $1.3tn) budget cuts …

Corporations Investing More In Emerging Markets Than U.S., Europe

For years, economists have been talking about a structural shift in the global economy. In that shift, multinationals would have to choose where to spend their capital and ad budgets. Do you increase spending in the United States, or do you open a new factory and service center in Asia?<p>That …

Which States Are Winning the Recovery?

The same ones that won the recession, mostly.<p>The Great Recession was not an equal-opportunity disaster. Some states (Nevada, Florida, California, Michigan) got absolutely mauled in the downturn. Others (Texas, New York), came out bruised, but not really bloodied.<p>As researchers from the New York …

China’s ghost cities epitomize the problem with printing money Paul Krugman-style

In a recent article in Quartz, Gwynn Guilford made the crucial point that the turbulence in China’s financial system is a debt crisis, not a liquidity crisis. She explains:<p>What it means is that China’s massive stimulus from 2009 to 2011 sunk money into projects that are generating little or no …

Economics

Walmart just lost its third country head in Asia in two years

Walmart’s attempt to make inroads in India have received yet another setback. Raj Jain, the chief executive of Walmart’s India joint venture, resigned after six years at the helm; no reason was given. Walmart has now seen three CEOs in its Japan, China and India markets leave in the last two …

Argentina’s war on US dollars is backfiring on its central bank—to the tune of $9 billion

A few weeks ago, the president of Argentina’s central bank, Mercedes Marcó del Pont, lauded the country’s balanced current account. Defending a war on dollars policy launched by Argentine president Cristina Kirchner, Marcó del Pont said Argentina “doesn’t need more US dollars and won’t need more US …

Gold Could Fall To $1,000 If It Breaks Through Key Resistance On QE Taper, Weakness In China And India

Not too long ago, gold was making all-time highs as investors poured into the yellow metal seeking safety. That is old news: the gold trade has completely broken down since last September, with bullion now down more than 30% since then, and possibly making its way down to $1,000 an ounce if it …

As People Head Into Space, PayPal Says It Will Follow Them

Many people know how to buy things in cyberspace. But what about doing business in outer space? That's the question PayPal says it wants to answer. Citing the looming era of space tourism, the company is creating the PayPal Galactic project along with the SETI Institute, "to help make universal …

EU finance ministers reach draft deal on bank bailouts

<b>European Union (EU) finance ministers have agreed an outline plan on how to rescue troubled banks - without leaving taxpayers to face the bill.</b><p>The banks' creditors and shareholders will take the first hits, followed by savers with deposits of more than 100,000 euros (£85,000).<p>If that is not enough, …

Apple iTunes store outage cuts off 20 percent of users

Many users of Apple's iTunes store are being prevented from accessing the site Wednesday evening by a sizable outage.<p>The iTunes store is experiencing a service disruption that is preventing 20 percent of its users from making purchases on the company's music pages, according to Apple's system …

iTunes

Texas executes 500th person since resuming death penalty

<b>The US state of Texas has executed its 500th prisoner since it reinstated the death penalty in 1982.</b><p>Kimberly McCarthy, 52, who was convicted of killing her neighbour in 1997, was given a lethal injection on Wednesday evening.<p>McCarthy was also the first woman executed in the US for nearly three …

Microsoft’s day in the sun: Highlights from Build 2013 keynote in San Francisco

Advertisement<p>0 Comments<p>Taking the stage at today’s Build 2013 keynote, Microsoft (s msft) CEO Steve Ballmer did his best to prove that his company, …