By Satur C. Ocampo At Ground Level | The Philippine Star As governments, economists and investors fret and wonder when the current global recession will end — with its record levels of unemployment and impoverishment in the US and Europe — the World Bank has issued a report with a curiously surprising finding: extreme poverty…
Tags: world poverty
Not a merry Christmas for Americans, Europeans
By Satur C. Ocampo At Ground Level | The Philippine Star As the Christmas and New Year holidays approach, the air of economic uncertainty dampens the traditionally anticipated spirit of merriment and hope among the people in the United States and Europe. Why? The financial and economic measures requiring more austerity instead of more spending,…