The United States is going through the worst financial crisis since the Great Depression. Are the government’s efforts to pull the economy out of a devastating recession beginning to show signs of progress?
By no means are we out of the woods just yet, but we are beginning to see glimmers of hope, according to the [...]
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As The G20 met yesterday in London, we stand amidst the ruins of our global economy. The agreement reached between the heads of the 20 leading economies will begin to draw up the blueprint for a new global economy that will rise out of the rubble.
There is cause for global celebration: we are moving into a [...]
Continue reading about We Are Connected By More Than Just The Economy
The global financial crisis. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.
A global financial meltdown can, and will affect the livelihoods of almost everyone in an [...]
LONDON – Britain announced a second rescue plan for the country’s ailing banks on Monday, hoping to thaw frozen lending by offering to insure banks against large-scale losses on bad assets they already hold.
London’s stock market, however, was spooked by fears that the latest government move was a step toward full nationalization of one or more banks. [...]
