Economy

Sometimes one can wonder what the problem really is with this protracted global economic crisis that seemed to have come to stay here however, at the risk of sounding immodest from less macro economic school of thought application - many may seem to blame the situation on an incumbent leaders anywhere in the world right now ...be it in America , or boiling Greece or downstairs in our backyard South Africa - country that now expriencing its first recession after 43 years . Now back home to United States, is obama at any faults? Nope !!! Please blame it all…
It really hurt to be an American right now. Real GDP per person is a figure far more real to the average citizen than GDP growth per quarter, especially in countries with growing immigrant populations like Canada and the United States. If you take a look at the graph below, you'll see that the real GDP per person in the U.S. is still down 4% from pre-recession levels. And Nigeria is between Russia and turkey give lateral measures not structural. In China and India, it has jumped 35% and 22% respectively. Of the G7 countries, Germany is the only one…
Saturday, 03 September 2011 06:36

Minimum wage and the rest of us

Written by
Should the civil servants working for the federal or state governments whether in the capital cities of Nigeria or in their villages rejoice that N18,000 is going to be the minimum salary for them every month? Should the children join the ceremonies that their parents will begin to smile home with such fat pay that equals US$118 approximately (N153 to US$1)? Should the government itself be proud that it has made a wonderful move to alleviate the sufferings of its poor servants who really run the activities of the state? This issue of minimum wage has piqued a lot of…