Global Economic Crisis

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.

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 [...]

There are a lot of folks who have high expectations from the US economy for the year 2010, and they may certainly be on track on this. Well, it seems as if there is some reason to be cheerful about the US economy which might be stabilizing, after so long. But the, while the US [...]

Credit Cards have been a major contributing factor in the economic crisis plaguing the United States. Credit card companies throw everything at American consumers from unfair fees to unbelievable interest rates. They encourage consumers to spend with great offers of low interest rates and no fees but in the fine print you will find the [...]

The US economy has got into a ‘ditch’ which has come in the way of its speedy recovery in the past couple of years. It is thus no surprise that people are just speculating and hoping for the recovery to happen and it seems as if some of the signs of recovery may be becoming [...]

Complete video at: http://fora.tv/2009/03/05/T… Author and journalist Thomas Friedman comments on the enormous depth of the financial crisis. “You put that much leverage, on that much globalizat…

Rep. Thaddeus McCotter on local Michigan TV

EU finance ministers struggled to voice out measures to bring the Greek economy in track and effect a plan for the economic bailout for the beleaguered Greeks. But Germans were surveyed as being highly skeptical and critical too of this move.  There is a huge perception in Germany that while belt tightening measures had been [...]