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Is Pakistan the new India?

Not bloody likely. According to an annual report, titled "Doing Business," put out by the International Finance Corporation (IFC) in late 2007, Pakistan is perceived as a better place for doing business in South East Asia than India in many respects. In fact, Pakistan ranked 76 among 178 economies worldwide, while India held the 120th spot. However, after the assassination in Pakistan of opposition leader B ...

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Porn and Pumpkins

When governments are strapped for cash and hesitant to raise income taxes, lawmakers often invent some wacky taxes on random goods, according to a Yahoo! news story this week.Six states currently enforce a tax on pornography. Texas goes a step further and taxes strip clubs, cheekily calling it the "pole tax." Other states have taxes on the sale of illegal drugs. Enforcible, you ask? Usually only post-arrest ...

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One Cut Cable = $Millions Lost

Lest we be forget that the Internet is based on wires and antennas, consider this news item (Reuters via NYTimes): A breakdown in an international undersea cable network disrupted Internet links to Egypt, India and Gulf Arab countries on Wednesday, and Egypt said it could take several days for its services to return to normal. It was not immediately possible to gauge the impact of the disruption on financia ...

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The Recession-Proof State

Our previous blog post highlighted recession-proof jobs and employment sectors, so I thought a recent news story about a "recession-proof" state would be pertinent to mention. Most Americans now think of Hurricane Katrina when they hear about Louisiana. But with a new governor, economic prowess, and some optimism, this fine state is ready to rebound from its disaster relief image. The gulf state, already th ...

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Is YOUR job safe!?

With the word recession at the tip of every one's tongues these days, I figured it would be apropos to spotlight an article I read today on Yahoo titled "Recession-Proof Jobs in 2008." According to the article: "Economists at Merrill Lynch and Morgan Stanley say the U.S. is heading for its first-blown recession in 16 years, and a recent CNN poll found that 57 percent of the public believe the U.S. is in a r ...

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America’s Great Green Hope

Recently, "green" has become the ubiquitous buzzword used to describe all things environmentally-friendly. But prior to such days of mainstream climate-consciousness, the word "green" often summoned images of the US dollar which, of course, has taken a dramatic dip in value over the last several years, most notably against the British pound, the euro, and, now, the Canadian dollar. Fortunately, yesterday's ...

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Competitive Trade Logistics Critical for Developing Countries

I came across an interesting article today in the Latin Business Chronicle that talked about a recent report that came out from the World Bank entitled "Connecting to Compete: Trade Logistics in the Global Economy." According to the report, countries in Latin America and the Caribbean ranked way behind several developing countries, especially in Asia, in trade logistics competitiveness. For developing count ...

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Economic Marks of the New Year

You surely have been inundated with this news story, which is essentially contained within its own headline Oil breaks $100 as U.S. stockpiles drop   Did you catch this one, though? Toyota Ousts Ford From No. 2 Spot in U.S. Sales It's not like we didn't know either one of these was coming—and these aren't really necessarily bad things, in the long term. But I think we may find that, presidential caucus ...

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