Author: dangtuanthien

The month of June means one more big test for many students finishing college — a test of the job market. Wish them luck. Americans age twenty to twenty-four faced an unemployment rate in May of fourteen and seven-tenths percent. That was five percentage points higher than the national rate.The National Association of Colleges and …

BP is one of the world’s largest energy companies. It reported a profit of about six billion dollars in the first three months of this year. That was more than double compared to a year ago. Now, BP faces growing political pressure over the worst oil spill in American history. Oil has been flowing from …

People are supposed to be social on a social media website. But choosing to share information is not the same as having it shared for you. And that difference is at the center of debate over privacy on Facebook and other social networks. A free service that makes money by advertising other sites has to …

Officials in Washington recently lost a ruling over their power to enforce competition on the Internet. Now the Federal Communications Commission has a new plan. The F.C.C. currently defines high-speed Internet as an information service. As such, its powers to set rules for broadband service have never been clearly recognized. But telephone service is a …

European Union officials agreed on a debt rescue plan in May. They also got a message from Britain’s new governing parties. William Hague, the new British foreign secretary, said: “It was not difficult to agree between us that neither party is in favor of handing any more powers to the European Union.”In the British elections, …

Greece’s debt crisis has shaken investors in the United States and worldwide. They worry that it could spread far beyond Greece. On May sixth, a day after huge protests in Athens, the Greek parliament approved a series of spending cuts. Greece has to cut thirty billion dollars as part of a bailout deal with the …

Sometimes, financial news can be hard to understand. A former official of Goldman Sachs investment bank explained what his group did before the financial crisis this way. He said: “Our desk began to accumulate short positions, purchasing protection on individual securities through credit default swaps, largely from external C.D.O. managers who asked us to bid …

Air traffic over much of Europe came to a halt for six days in April because of the huge cloud of ash from a volcano in Iceland. The economic costs added up as airlines flew everyone to where they were trying to go. At its worst, the crisis affected nearly a third of world air …

President Obama turned his attention to financial reform after his victory in March on health care. On April fourteenth he met with congressional leaders from both parties at the White House. He said there are some areas on which Democrats and Republicans can agree. “If theres one lesson that weve learned,” he said, “it’s that …

Two American rulings could change how information is controlled online and in our bodies. In April, a federal appeals court in Washington ruled that current laws limit government power over Internet traffic. The court rejected an order against America’s biggest cable company. In two thousand seven, officials ordered Comcast to stop interfering with file-sharing programs …

More than fifty countries and organizations have promised to give more than five billion dollars to help Haiti rebuild after an earthquake destroyed much of the country in January. United Nations Secretary-General Ban Ki-moon said the amount of money was greater than expected. Mister Ban, Secretary of State Hillary Clinton and Haitian President Rene Preval …