|Doha ´city centre´ part of history|
|THE high sales pitch of the
shop-owners and the flurry of
activity among shoppers, trying
to drive a smart bargain at
Musheireb (popularly called
National), Souq Ahmed bin
Abdullah and the markets in the
lanes and bylanes
of the area
seen over the last
one week or so are
like the flicker of a lamp´s flame
before it dies out in a storm.
The traders are resorting to
distress clearance of their
stocks as the deadline.
|Europe´s Real Problems|
|WHEN the history of the 21st
century is written people
will ask why it was that
Europe was found wanting
during its most intractable
economic crisis. They will ask why
Europe slept as an undercapitalised
banking system floundered, unemployment
remained unacceptably high, and
the Continent´s growth and competitiveness
Worse still, if a reconstruction plan
does not come soon, Europe´s leaders
will be charged with "the decline of...
|NO, WE CAN´T?
|IF you were shocked by Friday´s
job report, if you thought we
were doing well and were taken
aback by the bad news, you
haven´t been paying attention.
The fact is, the United States economy
has been stuck in a rut for a year
and a half.
Yet a destructive passivity has
overtaken our discourse. Turn on
your TV and you´ll see some self-satisfied
pundit declaring that nothing
much can be done about the economy´s
US job openings flat in May
WASHINGTON THE number of job postings didn’t increase in May, a sign that hiring is unlikely to pick up this summer.
Employers advertised 3 million job openings, the Labour Department said.
That was the same amount as in April and down from 3.1 million in March.
May’s figure is higher than the 2.1 million job openings posted in July 2009, one month after the recession ended and the lowest total since the government began recording the data a decade ago.
But it is also significantly below the 4.4 million openings recorded in December 2007, when the recession began.
Companies can take anywhere from 1 to 3 months to fill a job opening.
And there’s heavy competition for each opening.
Roughly 4.7 unemployed people, on average, were competing for each available job in May.