Word: tradings
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...which are just now beginning to feel the full repercussions of the credit crisis that started in the United States. The World Bank expects number of people living below the poverty line to increase by 46 million worldwide, just as credit for developing countries becomes harder to secure, global trade withers, and remittance payments - the money sent home by workers overseas - plummets. Developing countries are more protected from downturns in production, but they're the most exposed to a prolonged global slowdown. The World Bank makes clear that in this recession, there's nowhere to hide. (See pictures...
...impact on global trade: "Falling demand in advanced economies has had serious implications for global trade, with 2009 expected to experience the first yearly decline in world trade volumes since 1982, the largest decline in 80 years...
...this quagmire. That might be the only bright part in this otherwise sobering assessment - the Bank says there is "growing recognition" of the steps that need to be taken. Chief among those is the need to restore confidence in the financial system and the demand for foreign trade. Most stimulus packages are designed to meet these two needs. More difficult to swallow might be the recommendation to up the "quantity and quality" of direct aid to developing countries, an area of the budget many countries are already slashing. The report makes it clear that developing countries are desperately in need...
...This Easter, the live-chicken trade will reach its peak, and it will pass right through the innocuous looking U.S. Postal Office on Mount Auburn Street in Harvard Square. There, as at most U.S. postal offices, live baby chickens can be sent through the mail...
...Festival, which celebrates the 3,000 blooming trees that were given to the city in 1912 by the mayor of Tokyo and planted by First Lady Helen Taft. To entice you to visit, the Willard InterContinental hotel - where the first Japanese delegation to the U.S. stayed in 1860, after trade opened between the two countries - has a "Very Cherry" package. Choose your bonus: breakfast for two, a room upgrade or a second room at half-price for children under 18. There is also a Cherry Blossom tea served each afternoon, with cherry pastries, for $39. Room rates start...