Word: banking
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...away insurance to strangers." he says. Some people exchange business cards but the group's careers are so diverse - at one point, an unemployed opera singer gives an impromptu performance - that for the most part, they just talk about the competitions and how little money they have in their bank accounts. (See the top 25 people to blame for the financial crisis...
...problem extends beyond the fate of individual workers. Migrants regularly send large chunks of their paychecks back home to support their families, providing much-needed capital to some of the world's poorest countries. The World Bank announced yesterday that these remittances to developing countries would likely shrink this year by 8%, after rising 9% in 2008 and 16% in 2007. Nieves Miguelita M. Yabao, from Demaguete City in the Philippines, came to the gambling mecca of Macau during that city's recent construction boom. But when she arrived, she discovered the job she had been promised working...
...leading advanced industrial economies, who have their own club in the G-8, but also "emerging market" nations such as India and China, together with middle-income economies such as South Korea and Mexico. Together, the 19 nations (plus the European Union, which explains the 20 - though the World Bank and IMF are also members of the G-20, just to confuse things) account for about 90% of world GDP, 80% of world trade and two-thirds of the world's population...
...Reform of international financial institutions. The World Bank and IMF originated in planning for post-World War II economic reconstruction, and there is broad agreement that their mandates need rethinking. The IMF needs a fresh injection of cash if it is to help stabilize economies in a mess, and developing world nations - who will lead the recovery, when it comes - are campaigning for a greater role in shaping the priorities of these institutions. Expect the issue to be punted downfield for further discussion later in the year...
...world, especially in Asia, is contracting faster than the global economy as a whole. When they met in Washington last November, G-20 leaders pledged to set their faces against protectionism and to revitalize the moribund "Doha Round" of talks on world trade liberalization. Since then, says the World Bank, no fewer than 17 of the G-20 member nations have adopted a variety of protectionist measures - and there's no sign of any movement on reviving the Doha talks. The summiteers can be depended upon to adopt some ringing denunciation of protectionism. How much it will mean, God knows...