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Half-gone are the theories that economic prosperity is dependent solely on communism, capitalism, socialism or some other dogma. Well, for the Chinese model, progress is anything that works. With a large labor force willing to accept relatively low wages, China's growth remains assured. Chinese leaders know this cheap labor in light industry will not last forever and are investing heavily in manufacturing and education. China currently graduates more engineers than any country. Although numbers...
The U.S. economy is showing signs of improvement, according to the international monetary Fund (IMF). However, the IMF said that the recovery from the recession has been "lukewarm." In its regular assessment of the economy, the IMF said that the United States still faces "strong headwinds". But he noted gains on the stock market and housing prices, and predicted that the economic growth should progressively to accelerate over the next year. The IMF has said the expiration of the...
China launched its first lunar probe on Monday morning, which, if all goes well, will make it the third nation - after the United States and the Soviet Union - to make a soft landing on the moon. The launch of the probe took place at 01:30am Monday (12:30pm ET on Sunday), State-run Xinhua News Agency reported. Chang'e-3 blasted off from a Long March 3B rocket in Sichuan province, located southwest of China and should land on the surface of the Moon in mid December. The new effort to...
The American economy added 215,000 jobs in July. Before the report, economists on Wall Street predicted a gain of 225,000 jobs, with no change in the unemployment rate. Anything above 200,000 is considered very solid. The unemployment rate now at its lowest point since April 2008 stayed the same at 5.3%, according to the Labor Department. This is considered near full employment."Job growth is quite strong," says Jim O'Sullivan, chief economist at High Frequency Economics, a research firm...
Oil plummeted below $30 a barrel on Tuesday for the first time since December 2003. The latest wave of selling leaves crude oil down 19% this year alone. It represents an incredible 72% plunge from crude oil's June 2014 peak of almost $108. The fall extends a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint. "The fundamental situation for oil markets is much worse than previously...
There are two main models of economic development that can be chosen by different countries. The models are called an open economy and a closed economy. These two approaches are completely contrary in terms of the directions of economic development; however, each of them is currently used by certain countries. Thus, the main aim of this paper is to research the advantages and disadvantages of the open economy and closed economy, examine the difference between the approaches, and provide some...
The Chinese economy grew at a slower pace in the second quarter, continuing a trend that will test the leaders of the countries where they seek to perform painful structural reforms. Gross domestic product increased by 7.5% over the previous year in the second quarter, the national Bureau of statistics reported on Monday. This performance corresponds to the target set by the Government and the consensus of private forecasters estimate. Q1 2013 growth rate was 7.7%. Initial reaction of...
In a difficult economic environment, taking extraordinary measures in your job search could be critical to landing the position you want. Here are some proven tips that are often overlooked by the average job seeker. And in today's job market, to be perceived as average is not a compliment.   Do your research When you target a company for employment, research carefully. Visit its Web site. Discover who the managers are, their names, and as much about them as...
The Labor Department reported on Friday the U.S. economy gained280,000jobs in May, a good sign for job seekers. A survey of economists had projected there would only be 222,000 jobs gains. The unemployment rate ticked up slightly in May to 5.5%, according to the Labor Department. That increase is likely a sign that more people returned to the work force. May's jobs report is welcome news after the winter slowdown. The economy actually contracted in the first three months of this year, raising...
Poor Chinese economic data causing shivers in the global economy and helping lower the price of oil.China reported healthy oil imports data but analysts said the uptick was because China was taking advantage of the low prices.The rise in the number of oil drilling rigs in the U.S. last week, underscored concerns that the supply glut is unlikely to abate soon.“The prospect that crude oil prices will retest the lows hit earlier in the year has caught the market off guard,” said David...
The world economy is battling an unprecedented war with a virus and its implication on global economic activities. To accelerate recovery, businesses and industry leaders are doubling their investment and research around artificial intelligence and machine learning development services. From creating new international trade opportunities to strengthening firm competitiveness, the world economy with AI and machine learning is effectuating adaptive solutions. Let’s take a...
Fundamental economy fares can be extremely valuable to make seeing your next destination less expensive. However, these cost savings have a few tradeoffs. All these tradeoffs may be well worth the decrease price fares for a few, but the fundamental market isn't appropriate for everybody. Let us talk about everything you want to learn about these simple market fares on American Airlines. The best way to leverage American Airlines' credit card perks is to produce the experience closer to this...
How are current socio technological changes impacting the future of work? New technology, global trends, and the effect of Covid-19 on the job force have fundamentally altered the way firms operate and the kinds of expertise their workers require to compete in this emerging period of employment. Despite the fact that we cannot foresee what the future has in store, certain adjustments are inevitable. You must brace for such developments as a forward-thinking professional or aspirant. Gig...
Start your interior design project with a mood board. A mood board is a large cardboard display with different ideas for a room pasted on to it and written on it. You can get ideas from magazines, online and from television shows. The board will give you a visual of your own style, and help you to design a room that fits your taste.If you want to paint the walls of your house but are unsure of what color to use, painting different color swatches on the walls will help you decide. Make sure the...
Why Do Smaller Cities Lose When it Comes to Business, Travel and Tourism?   Ever wondered why the great jobs aren't coming to your city, but the job market is always growing somewhere else?   We could just say the answer is simple, “Businesses go where customers are or where labour is cheapest”. That sounds easy and simplistic. We could continue, the customers are in those cities because the city had a lot more before and it just grew.   This certainly does not...


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