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U.S. Medical Bankruptcies a Myth, Personal Bankruptcy Rate Higher in Canada

added: 07-07-2009

The idea that large numbers of Americans are declaring bankruptcy due to medical expenses is a myth and the introduction of government-run health insurance in the U.S. will do nothing to reduce personal bankruptcies, concludes a new study from the Fraser Institute.

Shift of Demand for Solar Energy From Europe and United States to Asian Heavy Weights, Finds Frost & Sullivan

added: 07-07-2009

The global solar power industry is currently going through turbulent times. In the last few months, reviews of previously planned expansion programs, restructuring, lower revenue and profit forecasts, and cuts in production levels by solar power companies were widely covered in the news.

World Bank: Hype Surrounding "World Class Universities" Far Exceeds Education Reality in Many Countries

added: 07-07-2009

Countries which aspire to build "world class universities" to drive economic development and compete in global rankings of the best international universities may be "chasing a myth" that could take years to materialize, cost hundreds of millions of dollars to build and operate, and still fall short of the social and economic rewards commonly associated with these "elite" institutions, according to a new World Bank report launched at a UNESCO higher-education summit in Paris.

G8 Summit to Discuss Principles and Standards for Global Business Dealings

added: 07-07-2009

One of the agenda items at the G8 Summit in L’Aquila this week is expected to be a discussion of a proposed new "Global Standard" for international business dealings. An Italian-led working group has drawn up, with the assistance of the OECD, a list of 12 "common principles and standards" in support of this project.

Financial Services: No Return to Growth Until First Half of 2010 at the Earliest

added: 06-07-2009

The majority of global financial services companies expect no return to growth until the first six months of 2010 or even later, according to new Ernst & Young research.

Ten Proposals for Getting out of the Crisis and for a New Global Balance

added: 06-07-2009

It is very tempting to hope for a fast way out of the current economic difficulties. The Circle of Economists is disassociating itself from this reassuring vision, which does not make it possible to envision and implement the institutional reforms and coordination essential for the emergence of a new growth model. Contrary to popular belief, this period may be favourable to France.

Economy Drives Midsize Companies to Work Smarter

added: 06-07-2009

A new study by IBM of midsize organizations in 17 countries shows that companies have not been deterred from their plans for strategic IT initiatives, which range from information management and security management to social media and cloud computing - despite a clear recognition of the need to cut costs in a difficult economy.

ADB President Urges More Aid for Trade, Cautions against Protectionism

added: 06-07-2009

Increased assistance for trade-led development is vital for Asia and the world to recover from the latest economic crisis and ensure long-term growth, Asian Development Bank (ADB) President Haruhiko Kuroda said Monday at the Second Global Review of Aid for Trade in Geneva, Switzerland.

Further Farm Policy Reform Urgent as Public Finances Remain Under Pressure, says OECD Report

added: 06-07-2009

OECD governments provided 265 billion US dollars in support to farmers last year, says a new OECD report. This represented 21 % of total farm receipts, down from 22% in 2007 and 26% in 2006. The falls were due mainly to the rise in agricultural commodity prices, rather than to policy decisions. With higher world prices, lower levels of support were needed to prop up domestic prices.

Leading International Climate Scientists Call on World Leaders for Global Emissions Peak by 2020

added: 06-07-2009

A group of the world's top climate scientists called on the leaders of the world's major economies to adopt strong measures to address climate change, including a peak in global emissions before 2020.

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