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...fact that French private enterprise is surging in the middle of the world's worst economic crisis in 50 years is as surprising as its cause. The motor driving all that bustling start-up action is an innovation known as auto-entrepreneur, a government scheme introduced in January to help would-be bosses bypass the formidable process of founding a small business. The scheme cuts through the jungle of administrative red tape usually required to launch a company, and dramatically lightens the heavy taxes and social charges companies pay. While other firms face set charges whether business is booming...
...article "Less Vegas" [Aug. 24] may leave readers with the impression that Las Vegas' best days are behind us, but that couldn't be further from the truth. There's still a lot of activity and excitement left in the city. Even during the worst recession in decades, Las Vegas is projected to host about 36 million visitors in 2009. In the past year, Las Vegas has had more than $13 billion of new business development as well as major projects that are set to open in the next few months. Like many cities, Las Vegas has felt the impact...
...Giornale, hired back its former attack-dog editor-in-chief Vittorio Feltri, the first move in what has turned into a major end-of-summer counter-offensive by Berlusconi that has raised the stakes on his political destiny, and risks spiraling out of control. (See Silvio Berlusconi's worst gaffes...
...most obvious reason for that disconnect is jobs: despite the signs of a turnaround, unemployment remains stubbornly high at 9.7%, with employers cutting 216,000 jobs in August. While jobs always trail economic rebounds, the unemployment number is higher than economists thought it would be, even in the worst-case scenario forecast by the Treasury Department's stress tests last spring. The point is not lost on Republicans, some of whom have argued lately that no more of the stimulus money should even be spent. "The metric of this bill was job creation," says Don Stewart, spokesman for the Senate...
Other compounding factors include high unemployment - in Ingushetia, the worst off, unemployment has hit 70% - and a Kremlin that has placed too much faith in client-states to keep the peace. Exhibit A: Ramzan Kadyrov. Kadyrov was hailed as a success by Putin, who has painted himself as a strongman who brought peace and prosperity to Russia. But Kadyrov is a thug whose militia are guilty of every human-rights abuse imaginable; when the Russians ended their 10-year counterterrorism operations in the region earlier this year, violence surged...