“The International Monetary Fund will stop paying further rescue aid to Greece, making the country’s insolvency in September more likely, the Der Spiegel magazine said. citing unidentified European Union officials.(…)
“Developing countries could see GDP fall of 4 percent. * Kim says focus on delivering results. * Balancing clean energy, development needs. WASHINGTON, July 18 (Reuters) – World Bank President Jim Yong Kim on Wednesday warned that most regions of the world will be hurt by the debt crisis enveloping the euro zone and said it was vital to protect the strong economic gains of the past decade in the developing world.”..articles
July 17, 2012
Initiated in June 2011 by Advisory Board Co-Chairs Richard Ravitch and Paul Volcker, the Task Force is focused on the enormous fiscal challenges confronting state and local governments. With extensive practical experience in state and local fiscal matters, they are examining specific threats to near and long term fiscal sustainability in six U.S. states: California, Illinois, New Jersey, New York, Texas, and Virginia. The Task Force has partnered with leading independent experts in each state, who have produced extensive reports on potential threats to fiscal sustainability in their state
View the Full Report or the Summarized Report of the State Budget Crisis Task Force.
by Ha Nguyen
Like women all around the world, Vietnamese women have had to economise to deal with 
the global economic crisis.
Nguyen Thi Hoai in Ha Noi’s Hai Ba Trung District saves money by waking up early in the morning to cook breakfast and lunch for her four-member family rather than giving them money to eat outside.
Hoai’s husband Hoang Hanh, says thanks to his wife, the entire family enjoys a tasty breakfast and lunch. She often puts food in a box for them to take along to school and the office complete with different dishes than before.
“My dishes are healthy and nutritious, and more importantly we save VND3-4 million (US$140-190) per month,” Hoai said, adding that she also tries to visit her parents in law’s native village in the northern province of Hai Duong once a week to get organic vegetables planted by her parents to bring home….Read more
In Prudential’s latest Financial Experience & Behaviors Among Women study, both younger and baby boomer women identify themselves as financial beginners, though they feel empowered to call the shots on their own. Pru_Women-3
“Women entrepreneurs are a largely untapped, under-resourced sector of the economy” – Dr Sylvia Anie.
The Commonwealth is working to unlock the potential of women entrepreneurs by urging banks and governments to recognise the economic benefits of granting women access to much needed finance.
During a roundtable held at the Commonwealth Secretariat in London, UK, from 27 to 28 June 2012, delegates from development agencies, banks, member countries’ ministries of finance and other bodies discussed ways of creating an enabling environment for female entrepreneurs…..article
By industry estimates, about $2 trillion is invested in global hedge funds. And as anyone familiar with Wall Street should know, the lion’s share of that cash is managed by men.
But women are carving out a bigger piece of the hedge fund world. According to The Hedge Fund Journal, women were running about $100 billion of that total in 2011 — and when COOs are included along with researchers and executive teams, that total moves up to $200 billion. True, 10% of the total isn’t a lot to crow about — we are hardly at a place where the industry is truly “equal opportunity.” But considering Wall Street was exclusively a man’s world just several decades ago, it is worth noting that women are indeed on the rise. ….article
Paul Volcker is a former chairman of the US Federal Reserve Board.HONG KONG – Nowadays there is ample evidence that financial systems, whether in Asia in the 1990’s or a decade later in the United States and Europe, are vulnerable to breakdowns. The cost in interrupted growth and unemployment has been intolerably large.
Illustration by John Overmyer 
