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IBM to cut 5000 jobs COMPUTER manufacturer IBM will slash 4 per cent of its workforce as US technology spending continues to slide. The AustralianBrown Denies G-20 Stimulus Split U.K. Prime Minister Brown sought to play down a G-20 split over stimulus plans and said Britain is already cutting government spending and rates. Wall Street JournalEU president: US stimulus is `the road to hell` Brussels » The head of the European Union slammed President Barack Obama's plan to spend nearly $2 trillion to push the U.S. economy out of recession as 'the road to hell' that EU governments must avoid. The Salt Lake TribuneMartin Feldstein: China`s recovery and global growth The Chinese government must work towards policies that lead to higher spending by Chinese consumers. Business StandardJohn Samuel Raja D: IMF versus Moody`s With every country attempting to spend its way out of the current crisis, the question is what type of expenditure gives the best results. Some time back, the IMF came up with an answer for the G-20 countries it said infrastructure investments gave much better results than, say, tax cuts that left more money in the hands of consumers. Business StandardShort View: Who foots the bill? Most of the world's major economies are trying to spend their way out of the sudden collapse in financial activity using borrowed money, says John Authers FTEU president: US stimulus is `the road to hell` - Salt Lake Tribune Brussels » The head of the European Union slammed President Barack Obama's plan to spend nearly $2 trillion to push the U.S. economy out of recession as 'the road to hell' that EU governments must avoid. NewsRackThe Next Five Years: Peak Lite and the Current Oil Picture - NewsTrust Yahoo Pipes Feed A few years ago, after spending a lot of time thinking about peak oil, and then watching the price of oil break out of its historical trading range and head higher, the idea of came to me. Over time the price of oil had bounced between $10 and $30 a barrel, but about 5 years ago it broke from that pattern and started the steady climb that culminated in $147/bbl last summer. I had been having various debates about whether we were or weren't at the global peak in oil production (I was taking the 'not yet but soon' position), but it started to become clear to me that we didn't require a global peak before we started to feel the impact of peak oil. I proposed the following to explain what I thought was happening. (Don't get too fixated on the dates ... NewsRackE.U. leader: Obama`s stimulus is `road to hell` - Salt Lake Tribune Brussels » The head of the European Union slammed President Barack Obama's plan to spend nearly $2 trillion to push the U.S. economy out of recession as 'the road to hell' that E. NewsRackArvind Singhal: The need for a marketing stimulus Across most of urban India and particularly in the major metros, there are now clear signs of a lowered consumer optimism and declining confidence leading to the deferment of consumer spending. This deferred or reduced spending is now extending across most major consumption sectors such as discretionary food and groceries, clothing and home textiles, consumer durables and home appliances, jewellery, furniture and furnishings, leisure travel, and entertainment. Business Standard1 2 3 4 |
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