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global economy
More Greece, Russian films, and German potholes
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More news from Greece on this edition of the Global Economy Podcast. The country in the middle of its “worst crisis” in modern history, as the Greek finance minister put it. How are the Germans feeling about Greece? And how are the Greeks feeling about Greece? Also on this edition of the podcast: potholes in Germany, film in Russia, and a new trade route through the Himalayas. Also, is it better to give charitable donations of money or goods to help rebuild Haiti? Download MP3
Iceland’s debt clouds country’s future
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Iceland’s population is only about 317,000 people. Many are worried that the country’s current debt crisis will force the best and brightest to leave Iceland in search of work. Unemployment in Iceland has risen from one to ten percent just in the last year. But some young Icelanders, like Oern Haroldson (pictured), aren’t waiting for the government to get its economic house in order. The World’s Gerry reports. Download MP3
A Cross-Border Comparison of Stimulus Spending
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Just over a year ago, President Obama and Congress passed the American Recovery and Reinvestment Act of 2009, better know as “The Stimulus.” It was a $787 billion shot-in-the-arm to the U.S. economy, a mix of tax cuts and expenditure spending.
The U.S. wasn’t the only country to take such action. On the Global Economy Podcast, we look at how the stimulus plans in different countries have fared and compare the actions taken by the Canadian and U.S. governments.
The Financial Problems With Greece
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Eurozone leaders say they will come to Greece’s rescue. But Greece’s Finance Minister wants details as to how exactly other eurozone nations will bailout his country. In this podcast we explore what went wrong with Greece and what it means for the rest of us.
Also, an update from Haiti: How to bring jobs to the millions of unemployed. And a small flower shop near Vancouver that is putting together 1,800 bouquets for all the Olympic medal winners.
The Costs of the Winter Olympics and Toyota
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It took seven years of planning, construction, hassle and heartache. Finally, the party is about to begin. Starting February 12th, British Columbia will host the Winter Olympics for 17 days. (And the Paralympics to follow.) Canadian taxpayers are on hook for CDN $6 billion, by some estimates. What did British Columbia get for all that money? Was it all worth it?
Also on this edition of the podcast, news about Toyota and Moscow McDonald’s turns 20. (Photo credit: © VANOC/COVAN)
Was it worth it?
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Was it worth it? That’s the question many people are asking in British Columbia with the Olympics just days away. Seven years of planning, construction, and hassle. All told, Canadians will have spent about $6 billion Canadian dollars just to build the infrastructure to prepared for the Games. That’s about $5.6 billion American dollars. The World’s Jason Margolis visited British Columbia to ask. Download MP3 (AP Photo/The Canadian Press, Darryl Dyck)
Haiti’s Chances for Long-Term Growth
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The earthquake in Haiti has taken a terrible toll. But out of the rubble, there is some hope. The earthquake offers that country a chance to rebuild its economy from scratch, and develop the infrastructure its been sorely lacking.
Also on the podcast, two stories from Europe: Problems with the Euro and Iceland on sale.
Birth, Death, and Shopping in Japan
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Prices for real estate are sky high in Tokyo, not just in life, but in death too. It’s not just expensive to die in Japan, it’s expensive to be born. At least there’s deals to be had for New Year’s shopping in Tokyo.
Also on the podcast, Russians, Indians, and Israelis have arrived in Mississippi. And they may no longer be going for Olympic gold in Australia.
Foreign investment in the US
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More Americans are looking for work than in 26 years. The dollar keeps getting weaker. Times are tough for many Americans. But for foreign companies looking to invest in the United States, America looks pretty attractive. Roughly five-and-a-half million Americans work for foreign companies operating in the U.S. States across the country are vigorously competing for their business. But there are pros and cons to foreign investment. What does a state get out of the bargain? The World’s Jason Margolis profiles one state: Mississippi. Download MP3One state’s trade boom…
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During the first three months of the year, trade fell across the board in 49 U.S. states. Which state managed to buck the trend? Tune into the podcast to find out.
Also on this edition of the podcast: A socialist toy fair in Venezuela, Britain begins labeling food from the West Bank as either Israeli or Palestinian, and young voices in Spain talking about their country’s soaring unemployment rate.
Romance and Freedom… Making Sales
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The Global Economy Podcast was recently voted one of iTunes top podcasts for 2009! Quite an honor. Thank you, good folks at iTunes.
Some of the themes on this edition of the podcast: love and freedom. Or rather, using love and freedom to sell products. How can you not tune in for that? Now you see why this is one of the year’s best podcasts!
Dubai’s debt crisis
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Download MP3What’s behind the fall of Dubai World? Some say Dubai’s Islamic banks may have abandoned their principles for Western-style investing. The World’s Aaron Schachter explains.
Business in the Developing World, Part II
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A year ago, inflation in Zimbabwe was a mind-blowing 231 million percent. (And that was before the government stopped bothering to update the figure!) A new government came to power in February and life has much improved. The Zimbabwe dollar, or Zim dollar, is gone. But that has spawned problems of its own.
Stories from Zimbabwe and other parts of Africa, Bangladesh, India and Peru on Part II of this two-part podcast about econonics and business in the developing world.
Dubai repercussions
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The government in Dubai has confirmed that it will not guarantee the debt of the state-controled investment company, Dubai World. This has led to sharp falls on the Dubai and Abu Dhabi stock markets. But the problems in Dubai and Abu Dhabi could have long-term repercussions in parts of Europe and the developing world. The World’s Jason Margolis has more. Download MP3
Dubai in trouble
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Shares at Wall Street fell on worries about Dubai’s debt problems, with the Dow Jones ending down 154 points on Friday. It was the US markets’ first chance to react to news that state-owned Dubai World had asked for more time to repay its debts. American markets were closed for Thanksgiving when other world markets all suffered steep losses. Alex Gallafent reports. Download MP3(Photo credit: Karim Sahib/AFP/Getty Images)
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