Winners and losers at izbrano

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Winners and losers

Economist - Today’s Europeans fear that globalisation may not be good for most people. Or, to be more precise, even if they notice the diffuse benefits (cheap jeans and high-tech gadgets), they fret about the visible losers, starting with workers whose jobs are shipped overseas. Worse, with globalisation disrupting business models at an ever finer level of detail many citizens feel they cannot be sure if they will be next.

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Nothing to smile about

Economist - But, inasmuch as the falling price of oil (and that of other commodities) is a symptom of worsening economic troubles in America and beyond, it may be merely a confirmation of their fears.

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Conservation no longer a farming priority

BBC - The EU’s response to the food crisis is to encourage greater production - meaning conservation is much less of a priority, finds the BBC’s Paul Henley.

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Why Bailouts Stink—and Why We Need Them

BusinessWeek - Congress and the White House moved with surprising speed (measured by Washington legislative time, of course) last month to pass a bill aimed at bailing out the U.S. housing and mortgage markets. Like all legislation these days, the 694-page bill contains a grab bag of initiatives, but the most important elements [...]

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Labor Union Chaos Is Germany’s Future

Spiegel - Recent strikes in Germany prove what many experts have long been warning: Labor unions in the country are fragmenting. Mini-organizations representing specialized employees are making strikes more frequent and more complex than ever.

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Eastern European Workers Begin Heading Home

Spiegel - When the European Union expanded in 2004, millions of Eastern Europeans headed west looking for work. Now, with economic realities shifting, many are heading back. Western Europe may be facing a labor shortage as a result.

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European companies braced for slowdown

Financial Times - Companies across Europe have begun to cut jobs, scale back production and reduce hiring to slash costs as they brace for a recession or sharp economic slowdown at the end of the year. The defensive moves are being seen in businesses ranging from carmakers and airlines to accountants and [...]

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Defending Your Money

BusinessWeek - The worst decision investors can make is to bail from stocks at the bottom, so knowing your tolerance for pain when setting asset allocations is the key, financial planners say. /…/ Here are 10 ways you can shield your portfolio from more market damage—and maybe even fight back a little. /…/ [...]

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