The World’s Unemployed
Airtime: Mon. Sept. 13 2010 | 2:00 AM ET
There are over 210 million people unemployed across the globe which is an increase of 30 million since 2007, Juan Somavia, director general of the ILO, told CNBC.
Airtime: Mon. Sept. 13 2010 | 2:00 AM ET
There are over 210 million people unemployed across the globe which is an increase of 30 million since 2007, Juan Somavia, director general of the ILO, told CNBC.
The whole euro zone region is caught in a Catch-22 situation, notes Sandeep Malhotra, CIO at Clariden Leu. He explains his grim outlook on Europe, with CNBC’s Karen Tso & Sri Jegarajah.
A highlight of what to expect at the Singapore International Energy Week, with CNBC’s Sri Jegarajah.
Starting today, underwater homeowners will be permitted under a government program to sell their homes for less than they owe and basically force the lender to take the loss rather than foreclose on the home. Shari Olefson, of Fowler White Boggs, and Susan Wachter, a real estate professor at Wharton, discuss.
Light trading volume has accompanied the market’s latest rally. Should investors worry, or care? Barron’s Mike Santoli has more.
Spain, Portugal, Italy and Ireland are quite different from Greece because they have much better fiscal situations, Jose Vinals, director of the monetary and capital markets department at the IMF, told CNBC Tuesday.
“After the huge rallies of last year I think it’s time for the markets to consolidate,” Ashok Shah, CIO of London & Capital, told CNBC Tuesday. “There is a risk of a double dip recession around the corner,” he added when discussing the economic outlook for Europe.