Economy
Maine High School Recruits Chinese Students to Deal with Budget Shortfall
A school district in rural Maine has been recruiting Chinese high school exchange students to help deal with a budget shortfall.
What’s Lost as Encyclopaedia Britannica Ends Print Editions?
Encyclopaedia Britannica has announced that after 244 years, it will no longer publish new print editions. The World’s Alex Gallafent visits a library to find out what’s being lost.
Greece Appeals to Neighbors to Give It A Chance
Some Greeks are getting tired of the rest of Europe telling them to get their house order. They’re launching campaigns to get their European neighbors to “Give Greece a Chance.” The World’s Clark Boyd has the story.
Amidst Europe’s Economic Woes, One German Stands Up for Greek Wine
From the beginning, Europe’s financial crisis sparked bitter recriminations between Germany and Greece. In spite of that tension, a German businessman decided to invest in Greece.
Being a Greek in Germany as Tensions Rise on Both Sides
Marco Werman talks to Aliki Gkerlioti, a young Greek lawyer who’s been studying in Germany for the last year, to find what it’s like to be Greek in Germany as tensions rise between Germany and Greece over Greece’s financial crisis.
Sanctions Against Iran Make Life Hard for Teheran Man, (and His Cats)
Sanctions against Iran are biting the economy hard. Prices are rising and incomes are falling. The goal is to persuade the government to drop its nuclear program, but it is the ordinary people who are paying the price.
Tax Hike from Rezoning Could Force Spanish Farmers Off Their Land
Last year, some Spanish farmers were shocked to find their tax bills increase by as much as 30 thousand percent. Some got rich as housing prices skyrocketed. Others are now faced with losing their land.
Iceland’s Former Prime Minister on Trial over Economic Meltdown
Iceland’s former prime minister, Geir Haarde, went on trial Monday. He’s accused of failing to protect his country’s economy from the global economic meltdown of 2008. The World’s Gerry Hadden has the latest on the story.
Why Some Parents are Worried About the Decline of English in Malaysia
Malaysia is moving away from English as a language of learning. That has some parents worried that their children won’t be able to compete in a global environment. Some parents have taken to sending their kids to school over the border in Singapore.
What it Takes to Get a Business off the Ground in Myanmar
Myanmar (Burma) is changing fast and that includes new opportunities for entrepreneurs. The World’s Mary Kay Magistad met up with a Burmese-American and his Burmese partner who are trying to get an import business off the ground there.
Do Businessmen Make Good Presidents?
Mitt Romney has run his campaign touting his business background. He says it will make him a good future president. But does business experience give a head of state a leg up? And why does a nation turn to a CEO for leadership? The World’s Jason Margolis has more.
Growing Disillusionment with Putin and the Russian Economy
Vladimir Putin is almost certain to become Russia’s President once again. But as The World’s Laura Lynch reports, there is growing disillusionment with Putin over his perceived corruption and abuse of authority.
German Parliament Approves Greece Bailout
German lawmakers have voted to back the second EU/IMF bailout for Greece. Until now, most German politicians have been saying Greece must stay in the eurozone. However, some might now be changing their tune.
German Solar Companies Face the Cost of Success
Not long ago, Germany’s solar panel industry was roaring. But today it’s a victim of its own success. The German government is cutting subsidies, and the market is being flooded with cheap imports.
More Cuts for Greece With New EU Bailout Deal
The latest bailout deal for Greece provides it with about 170 billion dollars in loans to prevent a default. In return, Greece has to make additional budget cuts on top of painful austerity measures already in place.
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