Aug 22, 2014

U.S. wealth gap widened in the last decade

A report from the U.S. Census Bureau provides fresh evidence that the rich are getting richer while the poor are getting poorer. The study, released Thursday, divided the U.S. into five groups from wealthiest to poorest. The median net worth of the richest households ...

Aug 7, 2014

65% of university grads in full-time jobs, ministry says

Nearly 66 percent of all university students who graduated in spring had found full-time jobs as of May 1, the education ministry said in a report released Thursday. In addition, truancy climbed at elementary and junior high schools while elementary and junior high schools ...

Aug 4, 2014

Big U.S. banks shedding star financiers and traders

Crippled by lawsuits linked to the 2007-2008 financial crisis, American banks are grappling with an exodus of their best bankers and traders, lured by the huge salaries of little-regulated hedge funds. Michael Cavanagh, 48, was the favorite to succeed Jamie Dimon at the head ...

Employers added 209,000 jobs to U.S. economy in July: report

Aug 2, 2014

Employers added 209,000 jobs to U.S. economy in July: report

A sixth straight month of solid 200,000-plus U.S. job growth in July reinforced growing evidence that the economy is accelerating after five years of sluggish expansion. Employers added 209,000 jobs last month. Though that was fewer than in the previous three months, the economy ...

Jobless families occupy Spain's tourist homes

Jul 28, 2014

Jobless families occupy Spain's tourist homes

Unable to pay her mortgage, Manoli Herrera turned over her apartment to the bank and moved into one of six abandoned buildings occupied by other jobless families in Sanlucar de Barrameda, a seaside town on Spain’s southern coast. “I did not want my two ...

Vietnam dads take on caregiver role

Jul 21, 2014

Vietnam dads take on caregiver role

When his wife moved to Taiwan nine years ago to work as a maid — earning far more than she could in the rice paddies of this northern Vietnamese hamlet — Pham Duc Viet took over the household chores and raised their two children ...

Jul 17, 2014

Polish MEP's racial slur sparks anger

A far-right Polish MEP outraged lawmakers gathered in the European Parliament on Wednesday by comparing the continent’s unemployed youth to “n-ggers” in the U.S. South. Janusz Korwin-Mikke, the outspoken leader of the royalist and libertarian Congress of the New Right party, delivered the remark ...