Time to overhaul the G7, and leave Canada out?

Article Abstract:

Morgan Stanley's chief economist Stephen Roach argues that the world urgently needs a new economic superpower club including China to deal with a possible collapse of the US dollar. Mr. Roach suggested in his report sent to the Morgan Stanley's international clientele to overhaul the outmoded Group of Seven and create a more muscular Group of Five.

China, Management dynamics, Management, Dollar (United States), Company business management, Roach, Stephen

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U.S. ill-prepared for bust, Nobel Prize winner says

Article Abstract:

Joseph Stiglitz, former World Bank economist and Nobel Prize winner for economics, believes the United States lacks the proper social safety net for dealing with hard times. He concludes that America's soaring joblessness is testing a system that lacks adequate unemployment and welfare benefits.

Economic Views, Economic policy, Beliefs, opinions and attitudes, Stiglitz, Joseph E.

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Economic slowdown hits U.S. manufacturers

Article Abstract:

The slack in United States economy has affected its manufacturing industries. There is a resulting rise in number of plant closures and job cuts across the manufacturing sector.

Manufacturing industry, Manufacturing industries, Economic aspects

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