Word: crisises
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Things didn't always go like clockwork, though. The Shanghai World Financial Center, the 101-story building that houses the hotel, launched in 1997 and promptly stalled in the Asian financial crisis. A series of restarts and halts followed. Shanghai officials also fretted over the design, which called for a...
Comments like that might seem to send the wrong message but Kenya's current government has made a habit of that from the beginning. Cobbled together as a way out of the country's bloody political crisis in early 2008, the Grand Coalition Government added more ministries (there are now...
Those countries walloped by housing bubbles, such as the U.S., Ireland and Spain, have seen unemployment rates rise into double digits. But even Europe's largest economy, Germany, which has managed to keep unemployment around 8%, does not necessarily have a smooth road to recovery, says Stefano Scarpetta, who heads...
In the meantime, Scarpetta says, the victims of the crisis in Germany and elsewhere tend to be disproportionately young, low-skilled and immigrant workers, which does not help prepare Europe for the future. Indeed, consensus is gathering around a new model, which is neither the unbridled neo-liberalism of the...
See 25 people to blame for the financial crisis.