Global Economic Crisis

The US economy has seen a lot of turmoil over the last two years. The finances of the country went for a toss, even as a large numbers of banks went under a cloud and so many companies had to shut down. The effects of this downturn are being felt even now when you have [...]

The US economy is going through some of the toughest times ever. There are so many people who have lost their means of income and also had to close their business. This is sad but true because of the way the global economy has shaped up over the last couple of years. The low demand [...]

The US economy and lessons from Greece
There are many folks who say that Greece is too small an economy to make a dent on the US economy which straddles the world economy space like a colossus. While this is true, it goes without saying that there are lessons for the US economy from Greece, and [...]

There are many folks who are very concerned about the question of immigration reform in the US. This is rather surprising because over the last 300 years or so, America has been a country of immigrants. If you did not have people coming from the different parts of the world this country would not have [...]

There are quite a lot of people who are keeping a close look at the unemployment rate. This is something that a lot of people are worried about. Month after month, people keep on losing jobs and yet the government seems happy to announce that the unemployment rate has fallen from 9.7% to 9.5%. This [...]

The Chinese economy is the fastest growing economy in the world. This is not surprising given the fact its government has paid a lot of attention to creating new jobs. This is quite different from some other countries which have not done so. There have been measures that the Chinese economy has taken to promote [...]

There seems to be a ding dong battle on, in the US economy and unemployment rate stakes. People are closely watching all the relevant figures for any signs of improvement. People are desperate that the US economy come out of the woods, and to have a situation where the unemployment rate is holding up at [...]

Should Congress take a pay cut? That is the questions posed on Washington D.C. this week. Huffington Post reports “A bill introduced in Congress would reduce congressional pay by five percent. Representative Ann Kirkpatrick (D-Ariz.) introduced the Taking Responsibility for Congressional Pay Act, which would cut congressional salaries for the first time since 1933.” To [...]

The US economy is going through one of its all time worst phases after World War II. There is a lot of gloom all around as people are looking for signs of revival and the signals are all mixed. On one hand, there are reports that the manufacturing sector is rebounding, whereas the unemployment rate [...]

It has become fashionable to attack labor unions and blame them for the many ills that plague the US economy. There are many who are also quite critical of President Obama’s relationship with labor unions, and the kind of effect it seems to be having on the economy. Unions are often accused of what is [...]