Category: Recession

U.S. Lost Almost 600000 Jobs In January

U.S. Lost Almost 600000 Jobs In January

The United States lost almost 600,000 jobs last month and the unemployment rate rose to 7.6 per cent, its highest level in more than 16 years, the Labor Department said on Friday. It was...

People Are Convinced That The Sky Is Falling

People Are Convinced That The Sky Is Falling

I think the world’s financial markets have reached a stage when a lot of people are convinced that the sky is actually falling. The kind of fear and panic one sees around nowadays is unprecedented. Unlike earlier, the fear and panic is coming from some unusual directions.

New Vow To Fight Global Financial Crisis

New Vow To Fight Global Financial Crisis

China’s Premier Wen Jiabao called for more regulation of the world’s financial system, saying after the summit “we need to draw lessons from this crisis.” “We need financial innovation to serve the economy better, however we need even more financial regulation to ensure financial safety.”

The Positive Effects Of A Financial Crisis

The second positive result of the financial crisis revolves around redrafting laws and rules that regulate global financial institutions, especially the International Monetary Fund (IMF), World Bank (WB), and the World Trade Organization (WTO) whose membership could not have been possible without a green light from Wall Street.

debt relief
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