Wednesday, February 24, 2010
Feb. 24 (Bloomberg) -- Bloomberg's Ryan Chilcote reports from Reykjavik on the anger among Icelanders over the government's handling of the financial crisis and efforts to join the European Union. Bloomberg's Maryam Nemazee also speaks.
Labels:economy Collapse Meltdown Iceland
The chairman of New York's cash-strapped transit agency announced plans Tuesday to cut more than 1,000 jobs from the agency's 70,000-person payroll to cope with a $383 million budget gap. (Feb. 23)
Labels:economy Collapse Meltdown Jobs
The recession has left many Americans in urgent need of shelter and with nowhere to go, forcing some to retreat to the woods. In the countryside, just one hour's drive from Manhattan, a shanty town of tents has sprung up. Anastasia ChUrkina meets the people for whom camping out, has become a way of life.
Labels:economy Collapse Meltdown Tent Cities
For years, Spain was flourishing, creating more jobs that any other country in the European Union. But when the property market crashed, it took the economy down with it. The result is that Spain is now slashing more jobs than almost any other country.
Labels:economy Collapse Meltdown Unemployment