Foreclosures and Unemployment continues to abound across the US with no “hope” in sight. The stimulas package has yet to be opened or just plain did not work. Now, OTTO Engineering, a private, family owned enterprise has stepped up to the plate. This is the story of how American was built. This is the story of free enterprise and what can be accomplished when government stays out of the way. This is the story of renewal. Real community re-investment. Real rejuvenation. This, is America at her best!

www.kingabdullahcity.com/en In what is part of the “Dawning of a new age in Saudi Arabia”, Saudi Arabia the largest economy in the Middle East and one of the fastest growing economies of the world, has come up with a concept of Economic mega cities(yes….cities in their own right), as part of its severe and immediate economic reforms, being built that will utilize the country’s core resources while providing employment and homes for its citizens and for the first time, opening massive projects for tourism similiar to the kind found in neighbouring gcc countries, but with a challenge of promoting a non- alcoholic and non sex exploited industry. The first of these is the King Abdullah Economic City, an industrial and financial complex being built north of Jeddah on the Red Sea coast. The cost of construction, which began in 2005, is $26.7 billion. EMAAR a dubai based holding company and in charge of several projects of dubai, is the prime partner and this is its largest project ever. In addition to King Abdullah City, three other integrated economic cities were launched last year: Hail, in the north, Medina in the west, and Jizan in the far southwest. Construction on a fourth city, at Tabuk in the north, is due to begin later this year. The cities are being developed in accordance to the cluster concept and are being modeled on Silicon Valley and similar conurbations in Singapore and Ireland. The ultimate objective of the economic cities is the establishment of ten global …

The cost of living in Portugal is still lower comparing with other European nations, even since it joined the European Union in 1986. Prices of goods have gone up but are still affordable.

As of the present, living in Portugal can be ideal if an expatriate gets to have a steady job earning around 1,000 Euros every month. Compared to a lot of European countries, prices of commodities, rentals and leisure are still much lower. Living in the capital city of Lisbon or in Porto will definitely be more expensive but the Silver Coast, West Coast and Central Portugal areas of the country still have several cheaper wares and places to offer.

  Business ethics of Capital Distribution   

By PROF VISWANATHAN 

Director,

International Socio-Economic Research Bureau,   

Chennai,India (E Mail: economist@dataone.in)                             

 “Man  is  born  free,  and  everywhere  he  is  in  chains.  Many  a  one  believes  himself  the  master  of  others,  and  yet  he  is  a  greater  slave  than  they. How  has  this change come  about? I  do  not  know…”   

*–  Rousseau, Jean Jacques – ‘The  Social  Contract’ (p: 100)