The G20 leaders summit on the world economy held in London just ended. The G20 countries, which represent about 85 percent of the global economy, pledged no new stimulus spending but they agreed to commit billions to world trade and International Monetary Fund.
I am skeptical about all these promises. The poor countries were not heard. [...]

continue reading.....

Sometimes, heroes are not recognized because they work in the shadows. I’m referring to Tim Geithner, responsible for fixing the financial sector, the engine for the economic recovery. Obama’s approval rating should be credited to this man who was unjustly targeted by the GOP, calling for him to resign from his job. Tim Geithner didn’t [...]

continue reading.....

Doctors around the US are reporting a sharp increase in the number of vasectomies. Definitely with the economy down, families across the country are taking drastic resolutions to spend less. The desire to have less children is due to how expensive childcare and health care are. This economic situation explains how finances determine reproduction [...]

continue reading.....

America is outraged about the AIG executive bonuses. The people’s reaction is understandable. When I think back about those who were against the bailout, I couldn’t understand–as a foreigner–why the opposition. But, now I see it. This type of behavior is basically an insult to someone who is rescuing you. It is difficult [...]

continue reading.....

Peter Kraus, a former Merrill Lynch executive pays $37 millions for New York city apartment with taxpayer money.He spent only three months at Merrill Lynch this fall — and earned $25 million in bonus. God bless America! Executives who made millions out of this Financial Mess should return the money! [...]

continue reading.....

President-Elect Barack Obama introduced his economic team Monday. Many people in his administration are Bill Clinton loyalists. Some critics are questioning whether this is the change that the new president referred to in his campaign slogan. The new president selected the [...]

continue reading.....

The world economies are in trouble due to the effect of the American financial crisis. Due to the fever of the election in the Unites States, President Bush is in the news only to be blamed for the chaotic situation of the financial markets, for which he’s not entirely responsible.
During the election, a president [...]

continue reading.....

The American economy was already trouble, but the current financial crisis has made things worse. So many people are losing their jobs and their retirement money as result of this situation. Being the most powerful economy in the world, the American financial crisis affects the world economy as well. I am troubled by [...]

continue reading.....

In bad times, the blame game is common in American politics. But those responsible for this financial crisis are: politicians, Wall Street and the American people for their naivety.
Watch this and judge for yourself. (Thanks to New Politicus and Wisebread.com.)

The bailout bill was signed by President Bush. It was tough labor for both political parties [...]

continue reading.....

The American Senate just passed the bailout bill. The new version of the bill is certainly a better version compared to the first bill that failed. But time will tell. Should we give credit to the Senators? Or should we take it as they voted the bill through because they were under pressure. The [...]

continue reading.....