Word: exporting
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...With Japan's unemployment rate on the rise - it reached a three-year high of 4.4% in February - the government is frantic to find solutions to stanch the flow of job losses and to help the unemployed. The virtual collapse of Japan's export-driven economy, in which exports have nearly halved compared to the first two months of last year, has forced manufacturers to cut production. Temporary and contract workers at automotive and electronics companies have been hit especially hard. Hamamatsu has 18,000 Brazilian residents, about 5% of the total in Japan, and is home to the nation...
...private army and imposes some of his own laws and taxes. Now Kadyrov is also expected to get his longstanding wish of international status for Grozny's airport, and therefore a full-scale customs operation. This will not only attract investment, but also, experts say, allow Kadyrov to export and import capital and travel as he pleases, giving him more independence from Moscow. "Ramzan [Kadyrov] knows he can make a lot of money with Chechnya as part of Russia," says Malashenko. "But he wants it to be special, like a foreign country within Russia's borders...
Comments by JP Morgan got to the heart of the issue of why the latest figure is not a bottom. According to MarketWatch the firm said in a note, "The government's rapid easing of credit and rollout of infrastructure projects has bolstered FAI, helping offset decreased investment by export manufacturers and property developers." The US faces the same problem with its stimulus package. If it does not catch hold quickly unemployment, falling housing prices, and lack of access to credit will overwhelm the money being pushed into the economy by the Administration. (See pictures of China's electronic waste...
What the Chinese government has not been able to solve because it does not have to power to is the rapid and intractable drop in exports. It shows how dependent the country is on its trade partners. With the recession in the major consuming nations deepening and signs that it may not reverse itself, China faces three more quarters of economic difficulty. Basically, the central government cannot spend its way out of its export problem...
Obscure La Reforma, as a result, could become a more high-profile focus. Federal officials tell TIME they're investigating one of La Reforma's most prominent families, the Lorenzanas, who own a construction company, vast cattle-ranching tracts and an agricultural export firm that partners with U.S. companies to ship melons. One of the Lorenzana brothers, Waldemar, was arrested last December for alleged weapons possession but was released soon after without being charged. A Lorenzana representative did not respond to TIME's attempts to contact the family. But last year, Waldemar wrote a letter to a Guatemala newspaper denying...