International Business News - Woes http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Drivers in New York City would pay to cross the East River and companies would be taxed on their payrolls under a proposal to stanch financial bleeding at the Metropolitan Transportation Authority. http://www.ibtimes.com/articles/20081204/east-river-tolls-payroll-tax-in-ny-transit-plan.htm Thu, 04 Dec 2008 13:47:20 EST Drivers would pay to cross the now-free East River bridges and area companies would be taxed on their payrolls under a new plan to stanch financial bleeding at the agency that runs New York City's mass transit. http://www.ibtimes.com/articles/20081204/east-river-tolls-payroll-tax-in-ny-transit-plan.htm Thu, 04 Dec 2008 13:05:41 EST When the Metropolitan Transportation Authority unveiled plans last month to raise fares sharply while cutting service, officials said the debt-ridden agency had no choice. http://www.ibtimes.com/articles/20081204/ny-panel-due-to-make-suggestions-on-mta-budget.htm Thu, 04 Dec 2008 09:03:20 EST The real wages of Ohioans are expected to fall beginning next year for the first time in state history, Gov. Ted Strickland predicted Monday. The dire economic prediction came as Strickland also announced that Ohio's next two-year budget, which begins July 1, faces a projected $7.3 billion deficit, fueled in part by declining wages. http://www.ibtimes.com/articles/20081203/value-of-ohio-residents-wages-set-to-decline.htm Wed, 03 Dec 2008 07:55:03 EST The real wages of Ohioans are expected to fall beginning next year for the first time in state history, Gov. Ted Strickland predicted Monday. The dire economic prediction came as Strickland also announced that Ohio's next two-year budget faces a projected $7.3 billion deficit, fueled in part by declining wages. http://www.ibtimes.com/articles/20081202/governor-ohioans-set-to-lose-wage-power-next-year.htm Tue, 02 Dec 2008 18:04:14 EST Mumbai is largely back open for business, but if the government doesn't improve the nation's security India Inc. may sink, corporate leaders say. While few say the recent terror attacks will derail India's economy, there are concerns that foreign investment will decline as companies re-evaluate the risk of doing business in India. Mumbai's high-profile businesses--finance and film--will likely continue to grow, but business executives acknowledge concern about long-term damage to the country's reputation. http://www.ibtimes.com/data/articleimgs/187638-india-shooting.jpg http://www.ibtimes.com/articles/20081202/security-tops-india-inc-s-concerns-after-attacks.htm http://www.ibtimes.com/articles/20081202/security-tops-india-inc-s-concerns-after-attacks.htm Tue, 02 Dec 2008 20:24:46 EST In a Nov. 24 story about Florida homebuilders' complaints about the banking industry, The Associated Press, relying on figures provided by the Florida Home Builders Association, erroneously reported the details of a Citrus County builder's loan. The loan amount was $6 million, not $850 million. The corrected version of the story appears below. http://www.ibtimes.com/articles/20081201/correction-building-woes-story.htm Mon, 01 Dec 2008 15:25:37 EST Russians know better than most what a crisis feels like. They survived the breakup of the Soviet Union and the ensuing shortages, and they lived through the devastating financial collapse of 1998. http://www.ibtimes.com/articles/20081128/russians-play-down-crisis-as-economy-falters.htm Fri, 28 Nov 2008 12:45:10 EST Thailand's already faltering economy is bracing for a fresh blow as the shutdown of the country's main airport by protesters entered its third day, stranding thousands during the tourist high season, disrupting exports and spooking investors. http://www.ibtimes.com/data/articleimgs/183050-thailand-political-unrest.jpg http://www.ibtimes.com/articles/20081127/thai-economy-braces-for-blow-amid-airport-shutdown.htm http://www.ibtimes.com/articles/20081127/thai-economy-braces-for-blow-amid-airport-shutdown.htm Thu, 27 Nov 2008 05:51:25 EST Home builders are being driven to ruin by "extreme" banking practices adopted in response to the nation's financial meltdown, including calling in good loans, Florida builders said Monday. http://www.ibtimes.com/articles/20081124/builders-banking-practices-driving-them-to-ruin.htm Mon, 24 Nov 2008 22:49:17 EST Home builders are being driven to ruin by "extreme" banking practices adopted in response to the nation's financial meltdown, including calling in good loans, Florida builders said Monday. http://www.ibtimes.com/articles/20081124/fla-builders-bank-practices-driving-them-to-ruin.htm Mon, 24 Nov 2008 17:48:45 EST The worsening economy continues to batter Atlantic City casinos, with Resorts Atlantic City missing a crucial loan payment that could jeopardize the future of Atlantic City's first casino and the Tropicana Casino and Resort laying off 50 supervisors. http://www.ibtimes.com/articles/20081121/financial-problems-hit-atlantic-citys-casinos.htm Fri, 21 Nov 2008 15:30:03 EST The Wisconsin Legislature will have to meet in special session early next year to begin dealing with the worst budget deficit in state history. Gov. Jim Doyle received a report Thursday that confirmed the bad news state policy makers have expected for weeks. http://www.ibtimes.com/articles/20081120/wis-faces-worse-budget-shortfall-in-state-history.htm Thu, 20 Nov 2008 17:02:10 EST The cost of public transit in New York City would skyrocket next year--even as bus and subway service is reduced--under a plan unveiled Thursday by the nation's largest such system. http://www.ibtimes.com/articles/20081120/huge-fare-hike-proposed-for-nyc-transit-system.htm Thu, 20 Nov 2008 17:20:10 EST In the sparkling blue waters off Greece's bustling port of Piraeus, dozens of hulking carrier ships loom out of the haze of a retreating thunderstorm. After spending several boom years racing across the world's oceans, they swing idly on their anchors, waiting for cargo. http://www.ibtimes.com/articles/20081120/greek-shipping-hit-by-global-financial-crisis.htm Thu, 20 Nov 2008 16:05:40 EST Riders on New York City's trains and buses should brace themselves for a big fare hike. The authority that runs the nation's largest public transit system said Thursday that it will have to raise fare revenue by 23 percent next year in order to plug a planned budget gap. http://www.ibtimes.com/articles/20081120/huge-fare-hike-proposed-for-nyc-transit-system.htm Thu, 20 Nov 2008 11:43:37 EST At least three Wisconsin state agencies say they can't meet Gov. Jim Doyle's orders to come up with plans to cut spending by 10 percent, an ominous sign of the tough budget-balancing task ahead. http://www.ibtimes.com/articles/20081119/wis-state-agencies-say-they-cant-cut-budgets.htm Wed, 19 Nov 2008 14:34:14 EST Wisconsin state agencies need to identify more than the 10 percent in cuts in order to help the state cope with a projected $5 billion budget shortfall. http://www.ibtimes.com/articles/20081114/wisconsin-state-agencies-told-to-cut-more-spending.htm Fri, 14 Nov 2008 15:51:48 EST NewPage Corp. reported a heavy third-quarter loss Wednesday, one day after the papermaker said it would cut fourth-quarter production due to a weak market outlook. http://www.ibtimes.com/articles/20081113/newpage-reports-heavy-3q-loss-will-cut-production.htm Thu, 13 Nov 2008 08:12:55 EST The idea of NASCAR racing without Chevrolets and Fords on the track once would have been unthinkable. But that possibility is no longer farfetched as the continuing economic meltdown puts the already struggling automakers in even greater jeopardy. http://www.ibtimes.com/articles/20081112/facing-tough-times-chevy-ford-sticks-with-nascar.htm Wed, 12 Nov 2008 14:43:00 EST