Fiscal Austerity Measures Are Hurting Job Markets, Predict Rise In Global Unemployment Worldwide – ILO

The International Labor Organization (ILO) has warned that fiscal austerity and labor market reforms had a ‘devastating consequences’ for employment worldwide.

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Displaced People In Baghdad Earn Their Living Through Scavenging

Around half million residents live in a vast slum named Naser City, one among the dozens squatter settlements that sprung up around Baghdad since the American invasion of 2003.

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14.3 Percent Of Americans Live In Poverty

The 2009 poverty level was set at US $21,954 for a family of four, based on an official government calculation that includes only cash income, before tax deductions.

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Germany Overcomes Financial Crisis, Instilling Own Vision Of Economic Growth

Germany best performance since reunification 20 years ago which is equivalent to nearly 9 percent annual economic growth rate or a quarter on quarter economic growth of 2.2 percent as it was announced by the government.

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Is Lifetime Employment System In Japan Waning?

For decades, the standard career path in Japan was to graduate from college, join a company and stay working there until retirement, in short, it’s one job for life.

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Is Global Economic Crisis A Product Of Outdated Financial Regulations?

The Panic Depression of 1873, was considered the long economic depression followed by years of deflation and instability while the financial crisis of 1929 to 1931 was considered as the Great Depression followed by years of mass unemployment.

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Prevailing Economic Crunch, Americans Spending Less

A monthly survey by the International Council of Shopping Centers (ICSC) showed that comparable US chain stores sales slumped 0.50% in March compared with the same month a year ago.

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