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Friday, July 04, 2008   21:09 GMT

Stories by Abid Aslam

A veteran IPS reporter and editor, Abid Aslam covers international trade, finance and development issues from our Washington bureau, with a special focus on powerful multilateral institutions like the IMF and World Bank.
ECONOMY: Little to Cheer on U.S. Independence Day
by Abid Aslam
The world's biggest economy marked Independence Day Friday with little cause for economic cheer. Job losses are the worst in nearly six years and a de facto recession appears to have gripped all sectors.
ECONOMY: Dismal Picture for U.S. Workers
by Abid Aslam
U.S. companies are shedding workers in numbers not seen for nearly six years, and there seems little hope of a turnaround any time soon.
LABOUR: Atlantic Alliance Seeks Equal Footing with Global Firms
by Abid Aslam
New moves to form the first transatlantic union could supersede the conventional view that while business is global, labour remains mired in local preoccupations.
ECONOMY-US: Lenders Scramble as Foreclosures, Criticism Pile Up
by Abid Aslam
Top U.S. lenders, faced with public and political ire over a rising flood of foreclosures, have announced stepped-up efforts to help troubled borrowers.
ENERGY: IEA Sees Oil Demand Moderating, Defends Speculators
by Abid Aslam
The International Energy Agency (IEA) has cut its five-year forecast for global oil demand, saying high prices are forcing consumers to leave gas-guzzling vehicles in the garage.
ECONOMY-US: Private Jets Targeted as Symbols of Inequality
by Abid Aslam
Crusaders against inequality are accusing the private jet set of flying high at the expense of the environment, the national air traffic system, and lower-class taxpayers.
ECONOMY: Political Uncertainty Dogs U.S., China Dialogue
by Abid Aslam
Top U.S. and Chinese policy makers hold two days of economic talks this week amid uncertainty about the future of U.S. policy on trade, investment, and China.
ENERGY: U.S. Sees World Use Soaring Despite Rising Costs
by Abid Aslam
World energy demand and carbon dioxide emissions will grow by about 50 percent over the next two decades despite soaring oil prices as developing countries outpace rich ones in consumption, the U.S. government predicts.
FINANCE: Investment Curbs Seen Stifling World Economy
by Abid Aslam
The United States and other beneficiaries of foreign investment are seeking to restrict it, a leading U.S. think tank says in a report warning that this 'protectionist drift' could roil capital markets and stifle global economic growth for years to come.
ECONOMY: IMF Sees Slow, Risky U.S. Recovery
by Abid Aslam
The International Monetary Fund (IMF) has upgraded its expectations of the world's largest economy, saying the U.S. will end this year with no economic growth before starting a gradual recovery in 2009.
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