Tagged with: recession
suhasinisakhare.com
Four articles contribute to this post. First, CNN has published an article calling the American deficit a dagger pointing at the heart of the economy. Second, the BBC has published a post pointing out that spending cuts will result from the UK Government's austerity drive. Translating these into savings however, is going to prove tricky . Third, Japan has today agreed to a record spending drive i...
growthmag.com
Start Home Business And Fight The Recession Author: Glenn Harrington As we are getting ready to usher in the new year of 2011 many Americans who are still jobless are wondering what this coming year will hold. Unfortunately many people are still hoping and praying that the economy will take a turn and recover. While most are still looking for jobs to survive, Gerardo Flores suggests that you star...
suhasinisakhare.com
The BBC blithely put out a report on its site on November 15 that the biggest banks in Britain were in negotiations to reduce bonuses to be paid to their staff down from GBP 7 Billion to GBP 4 Billion. Ickle bankers will have to settle for a Ferrari instead of that Zonda they had their eysies on. What is this GBP 3 Billion supposed to achieve? Apparently, the Government will collect GBP 1.8 Billi...
suhasinisakhare.com
Further to the results of Greece's regional elections last week, came the news today that the Greek deficit was larger than earlier established. Eurostat, the European Union's statistical office, conducted an audit of Greece's books. The results came out today. The Greek deficit for 2009 was 15.4%, and not the 13.6% previously reported. Based on this upward revision, Greece has cut down its defic...
suhasinisakhare.com
The Guardian reported on November 10 that yields on 10 year Irish bonds, the cost that Ireland has to pay to receive funding for 10 years, had risen to 8.7% . This rise has been fueled by rumors of a bailout by European Union or by IMF. A bailout hits the credibility of a country hard. I'd previously suggested that in order to avoid punishing member countries, even as Euro Zone harmonizes further...
suhasinisakhare.com
Two articles contribute to this post. One, published in the New York Times on November 2, credits Obama with having saved Capitalism . No less. The other, published in the Huffington Post on November 6, casts the blame for the lagging recovery firmly on Obama. They are both well researched, well presented articles. How to reconcile the two? It boils down to Obama's agenda. He has consistently dis...
suhasinisakhare.com
The American Department of Labor released jobs data for October on November 5. In my earlier post covering Obama's press conference following up this release, I wrote about the implications for the American economy of such a decisive shift towards private sector dependence . Obama mentioned another important thought, in this press conference. He talked about how the contest is not between Democra...
suhasinisakhare.com
The BBC published a news on November 4 that Ireland has announced record spending cuts of Euro 15 Billion. Of these, Euro 6 Billion are to be cut in 2011 alone, as Ireland front loads its debt. This is an exercise in winning credibility, but is likely to throw the Irish economy further into recession. I'd like to briefly touch on a possible solution for Ireland first. Then, would like to discuss...
suhasinisakhare.com
Catherine Bennett writes in the Guardian on October 31 that women should stop whingeing about the austerity cuts imposed by the UK's Coalition Government. We are all in this together, and it is pointless to hold one party more sacred than the other. She's wrong. Here's why. The UK Government has cited hard times, and initiated spending cuts. These cuts are wholly unnecessary, particularly in the...
suhasinisakhare.com
Reuters India reported on October 23 that Global Consumer Confidence, as reported by Nielson, dipped in September , as compared to June. Important findings include the fact that consumers today have the lowest levels of discretionary money, since Nielson began its Global Consumer Confidence survey. The survey involves 53 countries The optimism-pessimism border in this survey is a score of 100. Ab...
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