Schwab Charitable, one of the country’s largest and fastest growing nonprofits and facilitators of charitable giving with over $2 billion in assets and $350MM in annual grants, announced today the launch of an innovative microfinance guarantee program. It is the first program of its kind to enable donors to set aside a portion of […]
Can India Become A Major Manufacturing Hub for Multinationals?
Recent HSBC Asian Economic Insight report states, "Infrastructure, Better tax levels, Cost of capital, SSI reservation policy, Labor productivity have improved in India to increase competency in manufacturing." India is undergoing structural transformation with manufacturing increasing its role in the Indian economy. Manufacturing sector now accounts for about a fifth of India’s GDP, contributes […]
Budget Office Says U.S. Deficit Will Hit $407 Billion
Posted to findingDulcinea by Anne Szustek The federal budget deficit, up from $161 billion last year, equates to roughly 3 percent of gross domestic product, and is being deepened by “a substantial increase in spending and a halt in the growth of tax revenues,” CNNMoney quotes the CBO report. One substantial cost for the government […]
Free market Economists Urge Post-Olympics Social and Political Reforms
For its foreign visitors, the Olympics seemed to be an introduction to all that free market forces have done to China since Opening Up and Reform began following Mao’s death (which was 32 years ago today, btw, and barely paid any attention). What does that mean? It led Thomas Friedman to write that American cities now look third world in comparison […]
Fears of Aggravation of Crisis
Although Kazakhstan, enjoying booming economy fueled by extractive industries, remains the leading state among Central Asian republics, the volatile situation in the country’s economy gives grounds for anxiety among bloggers. Marat recollects the 1990s, when Uzbekistan was believed to become the regional locomotive of growth and notes: In actual fact Islam Karimov, the preisdent of […]
Environmental Concerns a Priority for Pacific Island Bloggers
Outside of denouncing military rule in Fiji, environmental concerns top the agenda as South Pacific leaders gather this week in Alofi, the capital of Nieu. Fiji’s so-called interim Prime Minister Frank Bainimarama boycotted this year’s 16-nation meeting. Other members of the conference threaten to impose travel bans on Fiji’s leaders until the government reverses a recent decision to cancel […]
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