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...cost of labor in India, which was already below that in the U.S., is likely to be falling even faster than it is in the U.S. The outsourcing business in India has been hit with a sharp drop in demand, and the major Indian employers in the sector are doing poorly. (See pictures of ten things you should know about the Nano...
...debate seem to expect that the asset purchases will provide nothing but benefits to the banks that sell. That's not a safe assumption. We don't yet know what private investors will be willing to pay for those once-thought-to-be-valuable legacies. With the government stimulating demand, the toxic assets will presumably go for more than the fire-sale prices currently prevailing. But with profit-hungry private investors doing the bidding, the selling prices will presumably be lower than what the banks are currently valuing the assets at. (See the best business deals...
Gimmick or not, in this economy any product that promises a spiritual pick-me-up could be in high demand. Since the recession, says Phil Lempert, editor of health-food site Supermarketguru.com "everyone is ready to jump off a bridge." With the right marketing, he says, embedded foods "could be huge...
Three years ago, a trip north in a rickety boat ran about $900 a head, says Juan Munoz-Torres, spokesman for the CBP agency. Now the spike in demand has jacked up the price to $4,000 or $5,000. For smugglers, the economic incentive is obvious. "[They] can make in a night what they can't make honestly in a year," says Myron Ackerman, a fisherman with a quarter-century on San Diego waters. (See pictures of the border fence between the U.S. and Mexico...
...plan's goal is to dampen U.S. demand for illicit drugs by beefing up programs like drug courts that waive sentences in exchange for mandatory rehab. In addition, it doubles the number of joint local, state and federal border-enforcement security teams and ratchets up intelligence resources to track Mexico's increasingly chaotic mix of drug organizations, at least three of which are fighting for control of Juárez. "Adding resources to fight the weapons flow, the bulk currency shipments, and strengthen intelligence are all welcome moves," says John Bailey, an expert on Mexican drug-trafficking at Georgetown University...