In what can be heartening news for some, the US economy grew at around 5.9% in the fourth quarter. This is higher than what was reported by the US government last month. This was on the back of better business investment and improved contribution from inventories. Companies like Deere & Co. have shown encouraging results, [...]
Talking about the US economy seems like a tale of woe in many ways. Nothing seems to be going right. The unemployment rate is as high as 10%. Exports are not rising as fast as they should. The global economic outlook is bleak, with Europe quite not stable. As far as health care is concerned, [...]
Foresight is possibly the most important characteristic of a good leader. The ability to predict reactions and imagine the outcome of any number of possible scenarios is what makes a person a good decision maker. Unfortunately, nobody is perfect. Even the best of us do things that they regret later. On the stage of world [...]
The US economy seems to be in the doldrums. There have been lots of pronouncements and hopes expressed that it may be lifting itself from the doldrums, but if you look at the real indications, you will not find too many indications of credible change for the better. The US economy has already seen a [...]
The unemployment rate is not likely to improve anytime soon. There have been a lot of people who have been laid off and have suffered job losses due to the recession. While the unemployment rate hovers in the range of 10% or so, it is not likely to go down soon, for another significant reason. [...]
There are enough indications that the US economy is not out of the woods yet. There are quite a few people who are waiting for recovery with bated breath, as well as lots of expectations. But then there seem to be clouds looming on the horizon, which indicate that all is not so well with [...]
President Obama and VP Joe Biden are on a spree to drum up support among Americans for the economic stimulus and its encouraging effects. They are at pains to convince the people that the economic stimulus had a rather good effect on the economy and prevented it from lapsing into a Great Depression like in [...]
Author and journalist Thomas Friedman comments on the enormous depth of the financial crisis.
Local or global, economic issues are on the public’s mind-but making sense of supply and demand isn’t so simple. This book explains in everyday terms how markets work, introducing the key players-consumers, business, and government-and using their behavior to illustrate basic theories and ideas. In addition, it coaches both general readers and students [...]
The Obama Administration would people believe that the economic stimulus package under the the American Recovery and Reinvestment Act of 2009 has been an unqualified success. Even VP Biden has been making road shows to highlight this ‘fact’ and pointing out that the US economy will surely recover over the long run. But then, a [...]
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