The U.S. lost 5.13 million payroll jobs over the past 16 months (December 2007 through March 2009). Nationwide, 28 million 16 and older (the size of Nepal’s population) are either unemployed, underemployed or are hidden unemployed, desiring a job but not actually looking. None of the business, economic, and labor market indicators yet point when this ongoing recession will end. In comparative perspective, of the eleven economic recessions that occurred in the U.S. after the end of World War II, job losses in the current recession are the largest ever in both absolute and relative terms.
Ethanol revolution in the U.S. is finally materializing. The rising oil prices, increasing aggression between the U.S. and oil producing Middle East, and much real and much talked about global warming are helping usher this revolution. Yesterday, the U.S. Department of Agriculture (USDA) released its much anticipated report on “Prospective Planting”. The report revealed that […]
I am not a political analyst. Nor I have an in-depth understanding of the inner modus operandi of politics in Nepal. However, I feel that Nepal’s recent political development is unique by many historical standards and offer some meaningful positive lessons. This unprecedented political development in Nepal has prompted me to write this blog. Readers please note that these are my personal observations and I may be completely wrong in my analysis.
Economic indicators reveal that Nepal possesses one of the most limited stocks of economic infrastructure (airports, communication, electric power,roads, sewerage, water etc) among the many developing nations.
Several recent decisions by the special judicial court on corruption related cases in favor of notorious corrupt political leaders reveal Nepal’s inefficient and frequently biased judicial system.
Recent closures of some vibrant businesses and industries in many parts of Nepal attributable to excessive extortion by the Maoist group raise serious questions about the qualities of the group’s leadership. Such actions indicate either a lack of basic economic sense or a complete disregard about the future implications of such actions.
It is disheartening to know that some of our recently re-instated members of parliament are demanding removal of the Commission for the Investigation of Abuse of Authority’s (CIAA) chief Surya Nath Upadhyay.