BUSINESS

Honduras' Charter Cities: Potential Economic Miracles or New 'Banana Enclaves'?

Honduras
Honduras is implementing a bold new plan to establish independent "charter cities" that will operate under separate laws in a bid to draw more foreign investment. Proponents says the plan will create thousands of jobs and spur economic development in the rest of Honduras, while critics say they will only open the door for corporations and other governments to exploit cheap labor and neoliberal tax laws.
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Apple Shares Set Record Highs Ahead Of iPhone Intro

Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, set new record highs Friday ahead of next Wednesday’s announcement of a new member of the iPhone family, perhaps the iPhone 5.
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US Economy Adds 96,000 Jobs In Aug, Joblessness At 8.1%

The U.S. economy added a paltry 96,000 jobs last month, vastly fewer than economists were expecting. However, the fact that fewer Americans were seeking employment resulted in the unemployment rate falling to 8.1 percent.
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Draghi's ECB Announcement - Spain A Stealth Loser, Italy A Silent Winner

While pundits and analysts dissected a myriad angles regarding the ECB's proposal, one lesser-considered issue has been how, following the announcement of the plan Thursday, it increasingly seemed Spain was being given the short end of the stick, while Italy was being favored, by the announcement.
The tail fin of the Boeing 787 Dreamliner is seen at the 2010 Farnborough International Airshow

Air India Receives First Boeing 787 Dreamliner

Air India took delivery of its first Boeing 787 commercial widebody airplane on Thursday at Boeing Co's final assembly plant after a months-long dispute between airline and manufacturer over compensation for a four-year production delay.
Bulls, Bears, and the Ballot Box

Do Democratic Presidents Historically Pull Nation Out Of Fiscal Rut?

The 2012 campaign has focused on a myriad of social and ideological issues, with some smatterings of tax policy and truckloads of mudslinging. A new book argues voters should look past the obfuscation and consider what is best for their wallet. Its authors claim history has proven one thing: when it comes to economic success, the left has had the upper hand.
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Asian Shares Rise After ECB Move, Awaiting US Payroll Data

Asian shares rose and the euro steadied Friday after the European Central Bank outlined its bond-buying scheme to help calm the euro zone's debt crisis, while firm U.S. data fed speculation of a strong jobs report later in the day.
Miners at Rustenberg platinum mine

South African Labor Unrest Threatens Platinum And Gold Production

In the wake of a strike that left 34 platinum miners dead after clashes with police, South African unions continued to refuse to work, disrupting production of the metal in the country that accounts for 75 percent of global exports and spilling over to impact gold miners.

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