Global Economic Crisis

With over 340,000 houses having foreclosure filings (which includes home-loan default notices, auction sale notices and bank repossessions) in the last month , you may be interested in finding out where to find foreclosure property lists to try and pick yourself up a bargain. Working our way around the bottom of the recession cycle, if [...]

With the current economic crisis seemingly worsening I think it is time to define economic recession! Economic recession usually describes the reduction of a country’s gross domestic product (GDP) for at least two quarters. This means that the united states as well as many other countries around the world are currently in the middle of [...]

As a follow-up of yesterdays post on Poverty Facts: 10 Detestable Statistics In Pictures, I received a letter in the mail from World Vision (I Sponsor 2 Children). I opened the envelope quickly expecting news about one of my sponsor children, to find an information sheet full of condemning statistics about 4 countries in Africa [...]

Over 3,000,000,000 People Live On Less Than $2.50 A Day! (Source: WorldBank.org ) (Photo Credit: greenyodadude – Flickr) The Top 1% Of The World’s Richest People Earn As Much As The Poorest 57% (Source: Food4Africa.org) The great news is that we are seeing the richest people all over the world stand up and decide that [...]

I heard a theory just last night from a friend of mine. It involved a new term that I had never heard of, and honestly I had never even thought of it. It is the idea of economic warfare! Economic Warfare…What That? The idea is that the United States government has forced itself into a [...]

With all the talk about the world economies entering into a recession, I thought now would be the perfect time to spend a bit of time on the question ‘What is a recession?‘ A recession is when we see a decrease in a nations GDP (Gross Domestic Product) of 10% over a period of more [...]

A bit of worry is starting to come to light with all this talk of the world currently entering a recession. I think the majority for this fear is due to people not understanding what a recession is and what happens during a recession? Firstly lets find out what a recession is. Dictionary.com define a [...]

With the current economic conditions a lot of people may start to wonder about their job security. Already there is a lot of ‘advisers’ telling dissatisfied employees to find a new job before they quit their current one,so I thought it would be a great time to take a look at some of the most [...]

Australian Prime Minister Kevin Rudd announced a trillion dollar guarantee that will see all savings account held by Australians in Australians banks – no matter what the size, for the next three years. This unprecedented move to maintain confidence in the Australian banking system, which is seem as one of the strongest backing systems in [...]

The G20 group of leading leading economies met in Washington to hear the head of the IMF, Dominique Strauss-Kahn tell them that the world’s financial system was nearing melt down and this global economic crisis called for nations to band together and not try and solve each countries problems individually. With world markets plummeting investors [...]