· January, 2009

Stories about Economics & Business from January, 2009

Russia: Putin in Davos

  31 January 2009

Leopolis writes about Putin's appearance at this year's World Economic Forum in Davos: “Despite being lost in translation, the Putin-Dell exchange illustrates the fact that Russia and the West are speaking at two completely different wavelengths, if not from two completely different planets.”

Latvia: “Beginning to Smell Like the 90s”

  31 January 2009

All About Latvia writes that “it’s hard not to notice that it is beginning to smell like the 90s”: “In the last week, strangers asked me three times for some changes to buy a tram ticket. Usually, asking for a smoke, or some change is used as a way to...

Czech Republic: Jobless Foreign Laborers

  31 January 2009

The Czech Daily Word writes about the situation with several thousand foreign workers in the Czech Republic, who have lost their jobs and are now stuck in the country: “And according to a friend of mine from the Foreign Ministry, a calculation is being made, as to what is cheaper:...

Egypt: Hijacked ship will be blown up

  30 January 2009

A few weeks after confirming the hijacking of an Egyptian ship by pirates of Somalia, Zeinobia reminds us again with the current status. On one hand, according to the crew's families, negotiations have stopped regarding the ransom because the pirates refuse to lower it and because the owners of the...

Bangladesh: The Future Of Jute In Peril?

  30 January 2009

With both the demand and prices of jute falling in the International market, many of the jute mills in Bangladesh are facing closure. At Muktangan, Monjuraul wonders whether the jute industry in Bangladesh will eventually perish.

Trinidad & Tobago: Carnival Slump?

  30 January 2009

With just three short weeks until the big event, Discover TnT Blog and Trinidad Carnival Diary report that the Trinidad and Tobago Carnival season has been slow.

Bermuda: No Thank You?

  30 January 2009

Vexed Bermoothes is sceptical about the Premier's “kind offer” to subsidize the University of the West Indies, saying: “It’s more ideology than about educational opportunity.”

Tajikistan: Terrible Tajik-Uzbek relations

  30 January 2009

Vadim says that Tajikistan and Uzbekistan have chronically had bad relations since early history of the two countries, and the most recent actions of Uzbekistan made these relations even worse.

Japan: Blurry Lines Between Buzz and Truth – McDonald's Quarter Pounder Debut

  30 January 2009

Cultivating imported products into megahits is a big part of creating consumer trends in Japan, and food is no exception to the rule. Last year, it was the American donut shop, Krispy Kreme. The year before that, it was the American ice cream shop, Cold Stone Creamery. Both are Western foods that are familiar to the Japanese, with a unique twist. Both gained fame for long lines in front of their stores. And both were carefully cultivated hits.

Moldova: A “Stable” Economy

  30 January 2009

Moldova's economy has been declared “well-protected […] from the slowdown” by London-based magazine The Banker. Eternal Remont comments: “This one gets filed under, ‘I've been down so long it looks like up to me’.”

Latvia: Snap Election?

  30 January 2009

All About Latvia thinks the country is “heading for snap elections” and this may be a good thing: “While the IMF sees an election as a liability because it ushers in an uncertain future, for the people of Latvia an election under new updated election laws appears to be a...

EU: Investing in Ukraine's Gas Pipeline?

  29 January 2009

Wu Wei quotes a Kyiv Post editorial, which urges the EU to consider investing in Ukraine's gas pipeline system, and posts this comment: “But on what terms will this be offered? Will the EU (or the corporation it says it will set up for pipelines) enter into a bidding war...

Guadeloupe: A new social movement

  29 January 2009

Guadeloupe has been in a state of social unrest for about a week now as record numbers of trade unions, cultural and political associations have united around a motto: "Lyannaj kont pwofitasyon", Creole for “Let's gather up to fight against all sorts of abuses.”

Trinidad & Tobago: Construction Confusion

  29 January 2009

“Some of the things being revealed are proving to be so massively embarrassing, so massively corrupt that it boggles the mind”: Trinidadian diaspora blogger Jumbie's Watch is following the Commission of Inquiry into the local construction sector.