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September 2008
- US Dominance Is Dead
  
  Guardian (UK) | Sep 28, 08 11:38 AM CDT
  
  (Newser) - After decades of a scolding countries for irresponsible behavior, Uncle Sam has finally had his comeuppance, John Gray opines in the Guardian, concluding that “The era of American global leadership is over." Unable to silence Hugo Chavez, thwart Russian aggression in Georgia, appreciate Chinese fiscal practices, and halt its own shoddy fiscal policy, America’s fate is now being sealed. More »
- Medvedev Urges Calm in Russian Market Crisis
  
  Associated Press | Sep 11, 08 4:40 PM CDT
  
  (Newser) - The Russian economy is skidding, and its leaders are giving somewhat contradictory messages, the AP reports. Shortly after President Dmitry Medvedev assured the public today that stock-market troubles don’t “reflect the actual state of the economy,” the chairman of the country’s central bank said “as far as liquidity is concerned, there is some shortfall in the banking sector.” More »
- US Must Strike Fine Balance on Mortgage Bailout
  
  Financial Times (UK) | Sep 8, 08 11:34 AM CDT
  
  (Newser) - A global storm continues to threaten the world’s economies, and the US government takeover of Fannie Mae and Freddie Mac is just one step, albeit a major one, toward recovery. Whether the latest attempt to right the ship succeeds "ultimately boils down to two big issues," writes Mohamed El-Erian in the Financial Times. Underlying both is the reality of globalization. More »
- Denim Detective Unzips Fake Jeans Biz
  
  Los Angeles Times | Sep 6, 08 5:06 PM CDT
  
  (Newser) - Chris Johnson likes collecting women's jeans, but he doesn't wear them—he's one of hundreds of fashion detectives hired by designers to spot knockoffs, the Los Angeles Times reports. Johnson trolls stores and Internet sites for clients like True Religion who want to put counterfeiters out of business. The fakes "hurt the brand integrity and deter people from purchasing the product," said a True Religion rep. More »
- Protests Close Plant Making World's Cheapest Car
  
  Associated Press | Sep 2, 08 3:38 PM CDT
  
  (Newser) - Tata Motors has halted work at the Indian factory where it was producing its Nano model, billed as the world’s cheapest car. A 2-year-long land dispute escalated when West Bengal farmers trapped workers inside, the AP reports, and the company instructed employees to stay home this week. "A detailed plan to relocate the plant and machinery to an alternate site is under preparation," the company said today. More »
August 2008
- Farms Fuel Boom in US Exports
  
  New York Times | Aug 18, 08 9:21 AM CDT
  
  (Newser) - Worldwide demand for grain and a weak US dollar helped drive exports up 7.1% in the first half of the year, providing a respite from the barrage of negative economic news. But experts warn the commodity-driven rise could be brief, reports the New York Times. Export surges of agricultural products “tend to go away pretty quickly,” said one analyst. More »
- China Set to Surpass US as Largest Manufacturer
  
  Financial Times (UK) | Aug 11, 08 1:32 PM CDT
  
  (Newser) - China will surpass the US as the world’s No. 1 manufacturer by next year, the Financial Times reports. China, which last year accounted for 13.2% of manufacturing, will soon account for 17%, just ahead of the US, which has been the planet's dominant manufacturer for more than a century. The change had been projected to occur in 2013, but the weakening US economy accelerated that timeline. More »
July 2008
- Global Trade Talks Collapse
  
  Wall Street Journal | Jul 30, 08 4:32 AM CDT
  
  (Newser) - World Trade Organization talks to forge a new global trade pact collapsed yesterday after seven years of negotiations. An EU spokesman called the breakdown a "massive blow to the confidence in the global economy." The talks fell apart as China and India demanded the authortity to impose "safeguard" tariffs if imports of key crops exceeded set levels, reports the Wall Street Journal. More »
- New US Tax Law Looks Heartless to Foreign Workers
  
  Portfolio | Jul 9, 08 4:40 PM CDT
  
  (Newser) - A new tax law set up to help troops and veterans, offset by taxing wealthy Americans who give up citizenship to beat the IRS, hits some others in the wallet, Portfolio reports. Long-term, legal foreign workers who return home will see unrealized capital gains taxed—potentially damaging the perception of the US as welcoming to overseas talent, say critics. More »
June 2008
- US, S. Korea Reach Beef Deal
  
  Associated Press | Jun 21, 08 10:46 AM CDT
  
  (AP) - All US beef imported into South Korea will come from cattle less than 30 months old, officials said today, in a deal made to placate South Korean protesters worried about mad cow disease. Nonetheless, thousands of protesters returned to the streets of Seoul, calling for a complete renegotiation of an April agreement to resume imports of American beef. More »
- Canada Could Hurt Firms It Tries to 'Protect'
  
  American | Jun 17, 08 3:28 PM CDT
  
  (Newser) - A move last month by the Canadian government to block the country's top space-tech firm from selling one of its divisions to a US buyer illustrates a tricky balancing act, Christopher Sands writes in the American : How far should Ottawa go to appease nationalist sentiment if it eats into economic benefits? The wariness, Sands notes, extends back to colonial days. More »
May 2008
- For Hotels, Upgrades at Top Boost Bottom Line
  
  Wall Street Journal | May 29, 08 4:26 PM CDT
  
  (Newser) - Luxury hotels are spending money to make money, but the dollars aren’t flowing into the average traveler’s quarters, the Wall Street Journal reports. With competition growing and demand for rooms lacking, hotels are burnishing their top suites—some costing $30,000 a night—hoping the added glitz will generate buzz that draws conferences, business travelers and average Joes wishing to flirt with glamor. More »
- US Slams EU Over Tariffs on High Tech
  
  Reuters | May 28, 08 6:09 PM CDT
  
  (Newser) - The US butted heads with the European Union today over import tariffs on more than $70 billion worth of computer screens and other technology products, Reuters reports. "The EU should be working with the United States to promote new technologies, not finding protectionist gimmicks to apply new duties to these products," said a trade representative. More »
March 2008
- US May Move to Restrict H-1B Visa 'Cheaters'
  
  ComputerWorld | Mar 7, 08 8:11 PM CST
  
  (Newser) - The US is expecting a record number of applications for H-1B visas—given to highly skilled, specialized foreign workers—and is considering rules to penalize companies that try to improve their chances, ComputerWorld reports. Desperate firms have been known to send more than one application—123, 480 were received last year; 65,000 are awarded—for the same individual to increase odds of being selected. More »
February 2008
- Changes in Lauder Dynasty Hardly Cosmetic
  
  Wall Street Journal | Feb 27, 08 2:16 PM CST
  
  (Newser) - Estée Lauder might be a massive, publicly owned company, but it’s also a family business, tightly controlled by the Lauder clan—until now. On Monday, it will welcome new president Fabrizio Freda, who will likely eventually replace CEO William Lauder—and become the first outsider to run the cosmetics giant. The Wall Street Journal takes a look at the complicated family politics. More »
- Absolut Cans Bottle Ads, Sees Sales Soar
  
  Advertising Age | Feb 19, 08 10:55 AM CST
  
  (Newser) - Absolut is selling a lot more vodka now that it's dumped one of the world's best-known ad campaigns, Advertising Age reports. The Swedish brand and its arty ads featuring the iconic bottle had been a big hit since entering the US market in 1979, but sales were flat before the launch of the "Absolut World" campaign last year. Now global shipments have spiked 9%. More »
- Boom Time on Heartland Farms
  
  Wall Street Journal | Feb 15, 08 2:55 AM CST
  
  (Newser) - The US economy may be teetering on a precipice but agriculture is enjoying what one industry analyst is calling a "golden age" after decades of decline, with bountiful harvests of crops and profits. The boom is fueled by the soaring demand from ethanol producers and to fill grain orders from China and India, reports the Wall Street Journal . More »
- BBC NEWS | Business | Sharp jump in China trade surplus
  
  BBC | Feb 15, 08
  
  China's trade surplus soared 22.7% in January as the economy continued to boom despite efforts to cool the rate of growth, official figures have shown.The surplus - the gap between what China exports and what it imports - grew to $22.7bn (£11.5bn) last month, compared with $15.9bn a year earlier.

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Stories

US Dominance Is Dead

Medvedev Urges Calm in Russian Market Crisis

US Must Strike Fine Balance on Mortgage Bailout

Denim Detective Unzips Fake Jeans Biz

Protests Close Plant Making World's Cheapest Car

Farms Fuel Boom in US Exports

China Set to Surpass US as Largest Manufacturer

Global Trade Talks Collapse

New US Tax Law Looks Heartless to Foreign Workers

US, S. Korea Reach Beef Deal

Canada Could Hurt Firms It Tries to 'Protect'

For Hotels, Upgrades at Top Boost Bottom Line

US Slams EU Over Tariffs on High Tech

US May Move to Restrict H-1B Visa 'Cheaters'

Changes in Lauder Dynasty Hardly Cosmetic

Absolut Cans Bottle Ads, Sees Sales Soar

Boom Time on Heartland Farms

BBC NEWS | Business | Sharp jump in China trade surplus