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Source: www.chicagotribune.com --- 20 hours ago
... Source: drupal.org --- 8 hours ago
Explaining open source is sometimes a little tricky. (Only sometimes though. Honest.) Depending on who I'm talking to I'll explain that working on an open source project is a little bit like volunteering to sing with the church choir. Even if the person isn't religious, they can usually appreciate the beauty of a group that sings in unison. They also understand the more the choir practices together, the better they sound. On more than one occasion this explanation has been the "aha" moment that snaps my life and my business ethics into focus for a friend or a client. The analogy doesn't, however, work when trying to explain crowd sourcing. I am working on a new project that will offer (free) audio interviews with community "elders." The audio interviews will have transcripts and will need to be translated into multiple languages. I've convinced the project lead to turn to the internets and use crowd sourcing to make these translations happen. On the one hand they may not be perfect, and they may not all happen instantly, on the other hand I think it would be an amazing school project for someone that is learning a second language...to translate part of the audio interview and to help spread the cultural knowledge from one community to another. read more ... Source: news.in.msn.com --- 3 hours ago
... Source: news.smashits.com --- 17 hours ago
Washington, Oct 11 (IANS) India has asked the International Monetary Fund (IMF) to refocus and strengthen its traditional sur... ... Source: www.marketwire.com --- 22 hours ago
WASHINGTON, DC (MARKET WIRE) Dr. Alexander Mirtchev, founder and chairman of the Krull Corporation and an economic expert on emerging markets, sat down with Bloomberg Television in London to discuss the impact of the financial crisis on the economy of Kazakhstan. ... Source: weblogs.chicagotribune.com --- 20 hours ago
by Mark Silva President Bush, meeting with representatives of the world's major industrial nations, maintains that they are making concerted efforts to confront a global freezing of lending that is dragging down markets worldwide. "I'm confident that the world's major Economies can overcome the challenges we face,'' Bush said in an address from the Rose Garden this morning, his second in two days aimed at delivering a message of action and confidence. "There have been moments of crisis... ... Source: thejakartapost.com --- 8 hours ago
read more ... Source: banks.com --- 6 hours ago
The world’s leading finance ministers met this week to discuss the deepening financial crisis that is quickly spreading across the globe. The Group of Seven will have their work cut out for them as stock markets plunge and credit markets freeze up. “The current situation calls for urgent and exceptional action,” the finance ministers and central [...] ...
Source: www.topix.com --- 1 day ago
Calling the downturn in tourism "a monster", Minister Edmund Bartlett has rolled out a number of initiatives on the back of the formation of a task force to tackle the potential crisis. ... Source: www.indiaprwire.com --- 2 hours ago
Saying that the global monetary crisis holds important lessons for emerging market Economies like India, Finance Minister P. Chidambaram said India's challenges lay in reining in inflation without hurting the growth momentum, preserving financial stability and moving more vigorously on fiscal consolidation. ... Source: www.thedeal.com --- 1 day ago
Treasury Secretary Henry Paulson late Friday announced an agreement in principal with leaders of the Group of Seven major industrial nations to craft a comprehensive approach to stabilizing global markets. For the full story see TheDeal.com. "This is a plan I'm quite confident will work," Paulson said during a briefing with reporters Friday evening. Many of the plan's details will be ironed out during G7 meetings over the weekend. "We finalized an aggressive plan to stabilize and provide liquidity to markets," Paulson said. "Never has it been more important to find collective solutions." The Treasury secretary cautioned that none of the initiatives will settle the turbulence in equity markets quickly. "We'll have some volatility for a while," he said. Nevertheless, because of world leaders' coordinated efforts, "There's every reason for people around the world to be confident." Paulson was asked whether the U.S. government would intervene to prevent the collapse of Morgan Stanley and Goldman Sachs, the two investment banks that recently converted to commercial banks. He said their conversion to commercial bank holding companies, which are overseen by the Federal Reserve Board, gives Washington a clear roadmap for resolving those institutions should federal action be necessary. Paulson shared a few details about the Treasury's plan to take equity positions in banks. The U.S. will buy equity stakes in banks and other financial inst ... Source: www.industryweek.com --- 1 day ago
New MAPI study issues forecasts ... Source: www.armchairenergist.com --- 1 day ago
Here in the US, we are finally seeing gas prices ease - not enough in my opinion, but there is downward movement. The bad news - who has the bucks these days to burn? The pain is everywhere and no one is spared. Take the OPEC countries, for example. Even though it costs less than $5 per barrel [...] ... Source: www.csd.bg --- 4 hours ago
On 17-19 October 2008 the Center for the Study of Democracy, in collaboration with the University of Oslo will organize a workshop on the issues of innovation and intellectual property rights. The workshop is part of the activities of GARNET, a EU Research Network of Excellence under the Sixth Framework Programme. ... Source: drtod.wordpress.com --- 1 day ago
During Ireland’s Great Famine, a million died in a country that was exporting food. With historical hindsight, that rightly seems like a tragic contradiction, but a true record none the less. Sadly history is full of such contradictions, and we’re in the middle of another at the moment with a parallel 80 years ago. In 1929, [...] ...
Source: www.reuters.com --- 6 hours ago
WASHINGTON (Reuters) - Finance leaders from the International Monetary Fund's 185 member countries on Saturday endorsed a plan by major Economies to chart a course out of the credit crisis, hoping the broader support will calm markets. ... Source: www.moreover.com --- 5 hours ago
US President George W. Bush said Saturday the world's richest Economies were united on a 'serious global response' to the financial meltdown, as the eurozone countries prepared for a crisis summit. ... Find more results for Economies on RSSMicro.com |
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The US economy is in crisis. Construction has halted and credit is scarce. Companies remaining in business slash their workforces. The stock market is turbulent, even as Congress bails out the bankers. (Meanwhile, working homeowners and renters are left to fend for ourselves, indeed to finance the bailout of the banks.) How serious is the damage? Will this turmoil prove temporary, or do hard times stretch before us to the horizon? Opinions vary, but the careful reader more attuned to human psychology than economics* might get a clue from the pages of mainstream news reports... ...
Reuters - General Electric Co reported a drop in quarterly profit that matched its recent warning to Wall Street, and the U.S. conglomerate said the global credit crunch and slumping Economies would continue to take a toll on its hefty finance arm. ...
Reuters - Finance leaders from the International Monetary Fund's 185 member countries on Saturday endorsed a plan by major Economies to chart a course out of the credit crisis, hoping the broader support will calm markets. ...