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A World of Trouble, the sequel
Special Report: It's still ugly out there.
BOSTON — As the global economic meltdown deepened two months ago, we wondered how the crisis was playing out — on the ground and in real time — in all corners of the world.
So we set loose 20 correspondents in 20 countries — from high-fliers China and India, to economic powerhouses Japan and Brazil, to struggling economies across Europe, Africa and the Middle East. They came back with this depressing picture.
But much has happened since then: President Barack Obama signed into law a $787 billion stimulus and announced plans to fix the troubled U.S. financial system. Other governments threw additional money at the problem. Meanwhile, leaders at the G20 summit in London agreed to regulate the global economy more closely, and to give the International Monetary Fund $1 trillion to fight the crisis.
So have things changed? What's the unemployment situation? Are the stimulus plans working? Has the U.S. economic model become the world's villain? And, because we still have hope, are there any new rays of sunshine?
The latest results are in. And while some economies have stabilized a bit, it's ugly out there. And yes, it's still very much a World of Trouble. Here's the nitty gritty:
Recent on Commerce:
Gay sex on film? No problem. Baring political rifts? Problem.
Patrick Winn - Thailand - November 7, 2009 11:27 ET
Live and let live in Thailand. Except when one gay man is Buddhist, and the other is Muslim.
China and Costa Rica move toward free trade agreement
Alex Leff - Costa Rica - November 7, 2009 11:01 ET
China wants ties in the region, Costa Rica wants Chinese goods. But not everyone's pleased.
Indonesia: Corruption junction
Peter Gelling - Indonesia - November 6, 2009 14:02 ET
A corruption scandal hits — you guessed it — the country's anti-corruption commission.
Easter Island: even more difficult to get to?
Pascale Bonnefoy - Chile - November 6, 2009 06:42 ET
Indigenous population considers limiting visitors and immigrants to one of Chile's top tourist destinations.
Design within reach
Daniel Grushkin - NGOs - November 5, 2009 17:36 ET
Cameron Sinclair founded Architecture for Humanity to bring thoughtful design to the world’s neediest.
The asses of New Delhi
Jason Overdorf - India - November 5, 2009 05:41 ET
With a year to go before hosting the Commonwealth Games, Delhi targets the poor. Its donkeys, too.
On Location: Haryana — India's looming food crisis
Jason Overdorf - India - November 2, 2009 17:30 ET
Tweeting from Fugitiveland
Patrick Winn - Thailand - November 2, 2009 06:35 ET
Thailand's ex-premier is on the run. And he wants the Twitterati to know about it.
In Taiwan, pro baseball is all mobbed up
Jonathan Adams - China and its neighbors - November 1, 2009 10:27 ET
For some professional players, losing is an offer they can't refuse.
The world's biggest problem: Our hungry planet
Thomas Mucha - Commerce - October 31, 2009 08:42 ET
Global hunger just got worse. What can the dismal science do?
In India, C-sections are in the stars
Mridu Khullar - India - October 31, 2009 06:00 ET
When's that baby due? The astrologer knows.
Shackleton's whisky, lost then found
Emily Stone - Commerce - October 30, 2009 18:33 ET
Explorer Ernest Shackleton loved his Scotch whisky and he left a stash at the bottom of the world.
Whisky on (Antarctic) ice
Emily Stone - Global Green - October 30, 2009 18:28 ET
Explorer Ernest Shackleton loved his Scotch whisky. And he left a stash at the bottom of the world.
Exploiting the motion of the ocean
Colin Woodard - Canada - October 30, 2009 09:35 ET
Energy companies are trying to turn eastern Canada's coast into the Saudi Arabia of tidal power. Critics fear for the fisheries.
Interview: India's Foreign Minister S.M. Krishna
Saritha Rai - India - October 29, 2009 15:37 ET
What does a rising power think about China, Obama, the Taliban, Pakistan, Afghanistan and more?
Child sex boom fueled by poverty
Deena Guzder - Thailand - October 29, 2009 11:24 ET
It's just another dark day in Thailand.
Debating the daddy state
Nick Miroff - Cuba - October 27, 2009 05:54 ET
As the economy slides, Cubans have been asked to rethink socialism.
Whose line is it, anyway?
Laura Fitch - China and its neighbors - October 26, 2009 05:46 ET
What's the best way to cope with the migrant life in China? Improv theater, of course.
Argentina's Slaughterhouse Blues
Charles Newbery - Argentina - October 25, 2009 11:13 ET
In the name of domestic politics, President Kirchner is alienating investors and squandering her country's reputation for premium beef.
British politics: The cookie crumbles
Barry Neild - United Kingdom - October 25, 2009 11:08 ET
Will the U.K. government finally fall over thanks to Biscuitgate?
Reporter's Notebook
Let's take a trip back to 1983: Michael Jackson first performs the moonwalk. Margaret Thatcher wins in a landslide. Ronald Reagan...Read more >
Will the Mouse play in mainland China? That's the big question today after Walt Disney said it won Chinese government approval to build a giant...Read more >
Tuesday was a day of reckoning for two of Britain's largest banks, Royal Bank of Scotland and Lloyds Banking Group. The two sickly financial...Read more >
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