Last fall, New York Mayor Michael Bloomberg won his campaign to extend the city’s mayoral term limits from two four-year terms to three.
Mayoral races could change political landscape
Tag Archives: economic
Fear and uncertainty after government layoffs in Puerto Rico
The bad news came via certified letter to Norma Jimenez, Edna Rodriguez and nearly 17,000 other Puerto Ricans this month. To cut spending, Puerto Rico announced last month that thousands of government employees would be fired in the second round of layoffs this year.
China’s booming consumer demand
Anyone scanning recent business headlines in China would not recognise the country where people supposedly save and never spend. In September, China Mobile’s customer base crossed the half billion mark — a powerful symbol of the awesome size of the Chinese consumer market
French Red Cross worker abducted in Darfur
Several armed men Thursday abducted a French national working for the Red Cross in Sudan’s volatile Darfur region, the agency said. China has also become the biggest vehicle market in the world this year and car sales expanded an extraordinary 78 per cent last month from a year ago.
China’s GDP grows nearly 9 percent last quarter
China’s GDP increased 8.9 percent for the third quarter, moving closer toward the goal of 8 percent growth for the year. Criminal trials are underway following months of police investigation.
Comics confess their nightmares
King says Britain’s Main Street banks should be separated from their risky investment arms to dissolve a culture in which some banks can fall back on the knowledge that they are “too important to fail” and thus can keep gambling with vast amounts of public cash. The governor’s comments come as leading financial houses — including recipients of taxpayer-funded bailouts — prepare to pay out large bonuses, angering many who fear this signals a return to pre-economic crisis rewards for reckless profit-seeking
Most Americans think Iran wants nuclear weapons, poll says
Nearly nine in 10 Americans say they think Iran is trying to develop nuclear weapons, according to a new national poll. Eighty-eight percent of those questioned in a CNN/Opinion Research Corp
Doing business in North Korea
As the chairwoman of South Korea’s Hyundai group, Jeong-eun Hyun faces business challenges few other executives can imagine. Subsidiary Hyundai Asan has led efforts to build economic ties between the North and South, so Hyun is not only managing a multinational through a recession but also through global tensions over the North’s nuclear program.
Goldman Sachs profits crush estimates
Goldman Sachs reported on Thursday that it had nearly quadrupled its profits in the third quarter compared with a year ago, driven by a jump in trading revenues and strong returns on its own corporate investments. Meanwhile, Citigroup defied expectations of a third-quarter loss, reporting profits of $101m on the strength of its customer deposits
Fast Internet access becomes a legal right in Finland
Finland has become the first country in the world to declare broadband Internet access a legal right. Starting in July, telecommunication companies in the northern European nation will be required to provide all 5.2 million citizens with Internet connection that runs at speeds of at least 1 megabit per second