Posts Tagged ‘global recession’
America needs a new economic model and inspiration from Pres. Obama
I hope Pres. Obama could inspire again America.
Early on, South Korea sent armies of workers in Asia, Middle East and Europe to work on massive infrastructure projects to earn foreign currency for their beloved country. Then they used the money to buy a second hand factory from Germany and transferred it to South Korea to start their manufacturing and heavy industries – now Korea is the leader in steel, shipbuilding and electronics, way ahead of Japan. More »
How to make US Pres. Barak Obama’s plan succeed in getting out of the Recession
A clear analysis of the root cause of the US recession that led to a global financial meltdown will help US Pres. Barak Obam in formulating an integrated plan that will bring back US consumer confidence leading to long-term rise in sustainable consumer spending and economic growth in the US economy and the rest of the world.
The US must use its stimulus funding wisely to create a new sustainable economic model based on activities that are energy efficient, renewable-energy based, low carbon foot-print, technology-based and climate change-sensitive that its impact on US consumers will be long-term confidence in the future in terms of flexible job security thru a good balance between domestic savings and consumer spending.
Oil Crisis, US Recession and Global Financial Meltdown
As early as 2007, signs of economic recession have been observed throughout the world. By end December 2007, the international price of crude oil went past $100 per barrel. Continued speculation in the world markets as well as increased demand pushed the price to its maximum of $147 per barrel by July 2008. More »