Road to riches ends for 20 million Chinese poor

Tang Hui and his family prospered as migrant workers during China’s economic boom, earning $10,000 a year: enough to build a house, send a cousin to school and pay for his grandmother’s medical bills. But those good days are over. The family’s cash earnings have evaporated, snatched away by a manufacturing crash cascading across China caused by falling global demand for its goods

Share

Afghan supply base eviction prompts U.S. access scramble

Kyrgyzstan said Friday its president has ordered the closure of U.S. military’s only base in Central Asia, further squeezing access for troops and supplies heading into Afghanistan. However, the closure comes as two other central Asian nations — Tajikistan and Uzbekistan – reportedly agreed to allow transit of U.S

Share

India says it will oppose U.S. ‘protectionism’

India Friday vowed to oppose any protectionism moves by the United States as part of Washington’s efforts to deal with the economic crisis. Attorney General Andrew Cuomo has been highly critical of Wall Street firms in general and Merrill Lynch in particular for the way they have conducted themselves in the midst of a financial crisis.

Share