These days, what happens in New York doesn’t stay in New York, especially when it comes to the economy. Events on Wall Street and Main Street in the United States ripple outward, affecting markets and lives across the globe. And likewise, if it matters to business in Beijing or Delhi, Moscow or Madrid, it matters in America as well.

Economy


Greek Students Protest Cuts, Politicians Scramble

Students protest over Greek austerity measures as the cabinet agrees a debt-swap for private creditors.

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Kosovo’s Economy Set to Grow Despite Widespread Poverty

Kosovo uses the euro as a legacy of the Deutsche Mark. When Germany switched to the euro, Kosovo followed suit. (Photo: Nate Tabak)

The IMF predicts that the impoverished Balkan state, along with Estonia, will see the highest economic growth in the troubled eurozone this year.

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Brazil’s Poor Make Themselves Visible Through Graffiti

From the documentary "Pixo". (Photo: João Wainer)

In Brazil’s business capital, Sao Paulo, some of the city’s poorest are making themselves visible by risking their lives to tag the city’s high-rise buildings with graffiti.

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An Expensive Burger in Australia

The good life in Sydney (Photo: Jason Margolis)

The Economist magazine released its list of the world’s most expensive cities this week. Cracking the top 10 were two Australian cities: Sydney and Melbourne. It’s not just expensive to live there; it’s expensive for tourists to visit.

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Greece: Bailout or Bail Out?

European Union Flags (Photo: BBC Video)

Amid continued unrest and uncertainty about Greece’s economic future, there’s talk that it’s time to seriously consider letting Greece leave the eurozone.

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Why a Greek Departure from the Eurozone Might Damage Dollar

Simon Johnson, former chief economist IMF. (Photo: Courtesy of MIT Sloan School of Management)

If Greece left the eurozone, the impact on the US economy would be profound. That’s according to Simon Johnson, a professor at MIT’s Sloan School of Management. He says US officials aren’t doing enough to shield Americans from the damage.

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The Return of Nightlife in Juarez

A sign reads "Coming soon the best club in Ciudad Juarez returns" outside a new club on Avenida Lincoln in Ciudad Juarez. (Photo: Monica Ortiz Uribe)

Tired of staying in their homes for fear of becoming a victim of the drug violence, the people of Ciudad Juarez are triggering the revival of business for the city’s once dormant nightclubs and restaurants.

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A List of Cities Compiled by International Economists

Zurich city at night. (Photo: Andyindia/Wikipedia)

Zurich, Tokyo, Geneva, Osaka Kobe, Oslo are the top five cities of a list compiled by international economists.

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China’s Next President in Iowa

The farmfields of Iowa (Photo: Jason Margolis)

China’s presumed next president Xi Jinping is in Washington today meeting with President Obama. Xi will also visit Los Angeles and the town of Muscatine, Iowa. The World’s Jason Margolis has more on why China’s next leader chose Iowa.

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How A Big Mac Can Hide Inflation

McDonald's Restaurant in Buenos Aires (Photo: David Sommerstein)

Argentina may be facing some serious financial problems. One is an inflation rate as high as 25 percent, but the Argentine government claims the number’s much lower, under 10 percent. And it’s enlisted the world’s most famous hamburger to help make its case.

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Purchasing Power and the Big Mac Index

Big Mac

Economists study something called purchasing power parity. Basically, how far will a dollar go in Argentina, Italy, or the US? They gauge this by looking at a comparable basket of goods and services across nations.

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New Anti-Corruption Ruling in India

A man smokes in front of a closed shop displaying the Loop mobile logo on its shutter in Mumbai. (Photo: REUTERS/Danish Siddiqui)

India’s Supreme Court has canceled 122 telecommunications licenses awarded to companies in 2008. The ruling is the latest chapter in a long-running corruption drama in India.

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Cartoon: Facebook Going Public

Cartoon: Tom Janssen, The Netherlands

Dutch cartoonist Tom Janssen uses a familiar emoticon to show how Facebook (the company) is probably feeling about the upcoming IPO.

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Soul-Searching Over Apple Exposé

Apple's iPad tablet computer. (Photo: Wiki Commons)

The World’s environment editor Peter Thomson has been reading the news on Apple’s supply chain, and shares some thoughts on Apple, human rights, and us.

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Facebook’s Fastest Growing Markets

Mark Zuckerberg, founder and CEO of Facebook at a press conference in 2010. (Photo: Robert Scoble/Wikipedia)

We are looking for two countries that are experiencing an explosive growth of Facebook users.

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