Statistically, Kosovo's economy is booming — but residents can't tell
If Kosovo’s economy is on the upswing, it’s news to the Krasniqis.Ardian Krasniqi, his wife and their three small children live with his parents in a modest apartment just outside Pristina. Ardian was...
View ArticleHomelessness, unemployment remain as Greece again narrowly avoids default
Greece has once again narrowly avoided defaulting on its $172 billion debt by agreeing to more austerity measures and other concessions to eurozone countries.It's unlikely, however, that this...
View Article'Cash Mobs' profit locally owned stores
You’ve heard of flash mobs, where people appear to randomly gather and break into elaborate song and dance routines.But now, a new phenomenon, called “Cash Mobs,” is spreading.Instead of breaking into...
View ArticlePolitical reforms in Myanmar leave residents looking for economic changes as...
Change is coming fast in the country long known as Burma and now, officially as Myanmar.But it’s not fast enough for many ordinary Burmese. They welcome the relaxed political environment, the ability...
View ArticleFormer leader of Iceland put on trial for economic crisis
The first world leader to go on trial for his role in the global economic crisis that began in 2008, former Icelandic Prime Minister Geir Haarde appeared in court on Monday, in Reykjavik,...
View ArticleGeneral Motors plans suspension of Chevy Volt production as sales sputter
General Motors is unplugging the production line for it's electric Chevy Volt.The factory in Detroit where the cars are manufactured will undergo a five-week shutdown as the vehicles sell more slowly...
View ArticleSpanish farmers faced with ruinous tax hikes
For about a decade, beginning in the late 1990s, Spain went on a building binge.Any farmer lucky enough to see his agricultural land rezoned could sell it for huge profits and turn in the pitchfork...
View ArticleGerman man trying to popularize Greek wines on export market
On a windy plain 20 miles outside of Athens, Dimitris Georgas' grape vines vie for space with suburban sprawl.Some are about to bear fruit.“They are ready. If we have some sun for two or three days –...
View ArticleIn Russia, women celebrated on International Women's Day
In Moscow on Wednesday, an unusually high number of people were clutching bouquets of flowers.Some were simple; a few tulips clearly already suffering from the freezing temperatures. Others were far...
View ArticleAmerican privilege comes with a cost -- but is it too high?
Earlier this month, Treasury Secretary Timothy Geithner made what some have called an outrageous claim about the roles of American citizens and their government.Yet it was exactly what some Americans...
View ArticleHomelessness a growing problem in Greece
Two men play backgammon in the small courtyard of an old house in Athens, where Klimaka, one of the few homeless shelters in the city, is headquartered.One man looks up from his game when explains why...
View ArticleWeak demand for new workers keeps long-term unemployment high
Those who are unemployed for more than six months have a much more difficult time finding a new job.And they make up a growing share of the unemployed.Analysts say the long-term unemployment numbers...
View ArticleApple announces plan for its cash: give it back to shareholders
Apple has plans for its giant pile of cash.In advance of a conference call Monday morning, Apple announced it would begin paying a quarterly dividend of $2.65 per share and would also begin a $10...
View ArticleCanada emerging as a nearby energy giant
Story by Brian MannA few years ago, I traveled to far northern Quebec, paddling the wild Rupert River, where I spotted a gray wolf prowling the banks.It’s the vision of Canada most Americans probably...
View ArticleProtesters stand vigil outside European Central Bank, critical of treatment...
Outside the European Central Bank in Frankfurt, tall bank towers surround a small courtyard where Occupy protestors have camped out for the past few months.Around 50 people stand warming their hands at...
View ArticleLos Angeles Dodgers to be sold for record two billion dollars
On Tuesday night, a group led by former Los Angeles Lakers star Earvin "Magic" Johnson agreed to purchase the LA Dodgers Major League Baseball franchise from owner Frank McCourt for $2 billion.The...
View ArticleFewer unemployment claims reported as rate remains unchanged
More good economic news for the U.S. on Thursday with the latest jobs reporting showing unemployment claims having dropped to their lowest level since April 2008.According to the Labor Department,...
View ArticleCar sales are up, possibly sign of improving economy
Car sales are up in the United States, according to statistics from March.According to The New York Times March sales are the best they have been "since before the recession." Americans bought 1.4...
View ArticleUnemployment rate drops in March, but economy adds fewer jobs
The March jobs report, out Friday morning, was a mixed bag. The unemployment rate inched lower again, to 8.2 percent from 8.3 percent, but the economy added just 120,000 jobs, far fewer than the more...
View ArticleGold mine set to open inside national park in Scotland
There’s gold in them thar hills.Or as they might say it in Scotland, there be gold in the glen.Sometime this year, Scotland’s first and only commercial gold mine will begin operations. That in itself...
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