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Tag Archives: Economic growth
Mall developers feel the pull of Africa’s consumer boom
By Matthew Bigg and Tiisetso Motsoeneng When Wal-Mart Stores (WMT.N), the world’s top retailer, bought control of major South African discount chain Massmart Holdings (MSMJ.J) in 2011, American shopping mall developer Irwin Barkan had an epiphany. An industry veteran of 30 years, Barkan’s … Continue reading
Posted in News from the Soul Brother
Tagged Africa, consumer, Economic growth, Ghana, malls, Massmart, retail, South Africa, Walmart, World Bank
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Where Have America’s Wages Gone?
By Richard (RJ) Eskow A new briefing paper from the Economic Policy Institute provides an overview of the income stagnation currently plaguing the vast majority of Americans. “A Decade of Flat Wages,” by Lawrence Mishel and Heidi Shierholz, offers valuable background on … Continue reading
Deficit Reduction Is Seen by Economists as Impeding Recovery
By Jackie Calmes and Jonathan Weisman The nation’s unemployment rate would probably be nearly a point lower, roughly 6.5 percent, and economic growth almost two points higher this year if Washington had not cut spending and raised taxes as it … Continue reading
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American power in the 21st century will be defined by the ‘rise of the rest’
By Joseph S. Nye Jr. In the last century, the United States rose from the status of second-tier power to being the world’s sole superpower. Some worry that the United States will be eclipsed in this century by China, but … Continue reading →