18 June 2002
A union survey in Singapore has found the city state is losing 8000 jobs/year because it lacks cheap expansion space. Those jobs are going elsewhere in Asia, particularly China.
17 June 2002
Those who will be gloomy keep finding new portentsâ€¦ Northern Trust economist Paul Kasriel in the US gleaned from the latest flow-of-funds data released by the Federal Reserve that household debt is now at its highest point in 50 years compared to cash in the bank. In the 1950s, households held $1.60 in deposits for every $1 of debt, but now they hold only 60c for that dollar of debt.