January 25, 2012
Consumer demand for holiday goods and transportation will grow 10 percent from last year, according to a government forecast that urged authorities to monitor and stabilize prices. Asia’s fastest inflation is the last thing on Tran Hang’s mind as she jostles fellow shoppers at a street stall in Hanoi’s Old Quarter to snap up [...]
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January 15, 2012
Do Ngoc Tuan (R), 42, of Long An Province’s Ben Luc Town won more than US$300,000 after buying unsold tickets from vendor Pham Thi Lanh (L) Tuan’s equanimity in the face of such a change in his fortunes has made the news as much as the winning itself. Just as impressive is the story [...]
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Posted in Reports | Comments Off
December 18, 2011
A Salvation Army band performs for shoppers in London on the final Saturday before Christmas on what is traditionally one of the busiest retail days. Europeans are tightening their belts and spending less on Christmas gifts this year as they struggle with incomes hit by austerity measures or fear the economy could worsen in [...]
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Posted in International | Comments Off
November 24, 2011
The supercommittee's failure will trigger automatic cuts in the defence budget and domestic spending. Photograph: J Scott Applewhite/AP It took a fictional jury of “12 Angry Men” 96 minutes to agree on a verdict of not guilty. It took “12 good people,” as supercommittee co-chairman Jeb Hensarling referred to them, three months and countless hours [...]
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Posted in Life in Vietnam | Comments Off
November 15, 2011
 Several economists are saying the government should not commit itself to any gross domestic product target, adding economic growth cannot be a forced process. Vietnam should just follow other countries and release regular economic forecasts instead, they suggest. Vu Quang Viet, who has worked with the United Nations Statistical Division, said GDP growth [...]
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Posted in Business | Comments Off
November 5, 2011
Vietnam’s public debt will probably be higher than estimated, as the Ministry of Finance has missed including in its calculations several kinds of debt related to the government, lawmakers said at the National Assembly’s meeting on Friday. According to the National Assembly’s Finance and Budget Committee, their review showed that the country’s public debt will [...]
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Posted in Politics | Comments Off
October 1, 2011
The twelve members of the Congressional Super Committee, six Democrats and six Republicans, gather for opening remarks. Democrats want tax hikes to be the first item negotiated in "super committee" deficit-reduction talks, trying to force Republicans to confront an issue at the heart of this year’s budget fights, sources told Reuters. The tough stance by [...]
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Posted in International | Comments Off
September 9, 2011
US President Barack Obama Thursday challenged Republicans to halt a "political circus" and immediately pass a bigger than expected $447 billion jobs plan he said would jolt the "stalled" economy. Calling for unity and an end to a "political circus" US President Barack Obama told Republicans to immediately pass a $447 billion jobs plan to [...]
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July 25, 2011
A street sign is seen in front of the New York Stock Exchange. The White House and top lawmakers scrambled on Monday to reach a deal to save the world’s richest country from a disastrous default on its debt, amid fears that inaction could affect markets around the globe. With global financial markets on edge, [...]
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Posted in International | Comments Off
July 24, 2011
US President Barack Obama (R) meets with the US Speaker of the House John Boehner in the Cabinet Room at the White House in Washington, DC. President Barack Obama and top US lawmakers searched for an elusive deal Sunday necessary to avert an unprecedented debt default by the United States that economists warn could have [...]
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