Economy and Business

Bye-bye, Dubai

Bye-bye, Dubai

It’s bad enough when a person drowns in debt. Shock waves multiply when a corporation teeters on the verge of failure. The economy becomes even more agitated when a country declares bankruptcy, as Iceland did in 2008 and Hungary and Latvia almost did in 2009.

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In 2010, Let’s Treat our Domestic Workers Better

The holidays can be stressful for overscheduled families. The kids are home from school and daycare. The in-laws visit. There are year-end deadlines to meet, awkward office holiday parties to attend, and self-inflicted New Year’s resolutions to conquer.

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Thanksgiving: Time to Consider Native Americans’ Plight

This Thanksgiving season, the nation should finally commit itself to bridging the socioeconomic divide between the descendents of those who came together during the first Thanksgiving: the Native Americans and the white newcomers. More than cranberry sauce and turkey, this type of reflection and action is essential to the holiday season.

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Cuban Embargo: Nothing Succeeds Like Failure

Once again, Cuba has asked the United Nations to help end the U.S. economic, financial and trade embargo. Havana says this blockade cost it more than $242 million last year. The embargo also stymies Cuban access to foreign capital from other nations, because investors face possible U.S. sanctions for doing business with Cuba.

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Neighbors Banding Together in Tough Times

The U.S. economy has lost more than 2 million jobs this year, ratcheting the unemployment rate to 9.7 percent, the highest level since 1983.

But the politicians and pundits didn’t seem to notice. They’re fixating instead on the stock market’s rebound as a sign of recovery. While that might mean a boost for Wall Street, it hasn’t helped the rest of us very much.

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What Happened to the Crackdown on Executive Pay?

Last February, amid public anger over millions in bonuses at bailed-out insurance giant AIG, our top national political leaders rushed to express their outrage — and even took some steps to place a lid on over-the-top executive pay.

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Is That Congress Calling Detroit Incompetent?

I’m always conflicted when I watch some fat-cat miscreant being worked over at a Congressional hearing. On the one hand, the person on the spit usually deserves it.  He or she has almost certainly violated the public trust in a way so obvious that it caught even the...

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