Category Archives: Selected News

BATTERED GREEK ECONOMY EXPANDS MILDLY IN APRIL-JUNE

ATHENS, Greece (AP) — Greece’s battered economy expanded by a quarterly rate of 0.2 percent in the April-June period, despite a small decline in consumer spending and exports.

The figure released by the country’s statistical authority Monday was slightly lower than its initial estimate, earlier this month, of 0.3 percent growth.

Greece’s economy has shrunk by about 25 percent since the debt crisis broke out in 2009. The country is being kept afloat by international bailouts, issued on condition of successive spending cuts and reforms.

The left-led government will enter a new round of talks with its creditors next month on the course of its budget austerity program.

Posted on August 29, 2016 on Associated Press web site
http://bit.ly/2bMBiSP

Here’s How the G-20 Can Help Restore Our Faith That Globalization Can Mean Growth

From Huffington Post, 

By Kishore Mahbubani Dean of the Lee Kuan Yew School of Public Policy

SINGAPORE — The G-20 process is stalling. It needs a big kick in the butt. China should deliver it at the upcoming meeting in Hangzhou this coming weekend.

What’s the proof that the G-20 is stalling? Simple: the global economy is stalling. Since the G-20 summit was first held in 2008, with the explicit mission to “work together to restore global growth,” it has failed in its core mission. Indeed, the prospects for global economic growth have never looked so gloomy — Larry Summers recently suggested that we are stuck in “secular stagnation.”

Continue reading Here’s How the G-20 Can Help Restore Our Faith That Globalization Can Mean Growth

White House Proposes a New Immigration Rule for Entrepreneurs

Lapowsky_IssieBy Issie Lapowsky.  A staff writer for WIRED, covering business, tech policy, and the 2016 election season.

THE OBAMA ADMINISTRATION is proposing a new rule to allow foreign startup founders who’ve raised money from American investors to come to the United States for two to five years, with the option to apply to stay longer once they’re here.

The so-called International Entrepreneur Rule, which will go into effect after a 45-day comment period, is a sort of workaround for President Obama, who has long wanted to create a “startup visa” that would pave the way for immigrant entrepreneurs looking to start businesses in the United States. But congressional gridlock has made new immigration legislation impossible, and several attempts to pass a startup visa died on the way to the President’s desk.

For the complete article go to       bit.ly/2bm3oPQ