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Economics : Business & Finance

US Spending Up by 3.5% for 2010 - Best in Three Years

Consumers were spending money in 2010! Official figures show the economy grew as U.S. citizens spent more money than they had during the previous three years. Up by 3.5%, this demonstrates the most encouraging financial news since 2007 and that wa before the recession that began in 2008. Shopping, h...More...

How Corporate Greed Caused the Economic Turmoil

United States of America is the financial hub of the world operating with capitalistic approach driven by the Laissez-faire principle. Being a member and a dominant force in WTO and NAFTA, it propelled the world markets to be more open, more integrated and more accessible to drive global competition...More...

Trains And The Quality Of Life

I would like to comment on a published article in The Straits Times bearing the same title as this post. The article seems to be conceived to pacify those who could be opposing more rail lines as they do not see the need of expensive rail lines. As much as I like to concur with the author that havin...More...

Low Inflation in the UK

Since the Bank of England was given independence in 1997 UK inflation has been close to the governments target of 2% +/-1. This is a remarkable improvement for the UK economy. Previously the UK economy suffered from consistently high inflation. Eg in 1979 inflation reached 25%. In 1992 inflation rea...More...

Fertilizer Industry in India Contributes 25 Percent to GDP

India is basically an agricultural country which economy depends largely upon its agrarian produce. Agricultural sphere contributes about 25 percent to the country's GDP. The speedy growth in the fertilizers production is swaying the Indian manufacturers to transform into Indian exporters, and ...More...

Summary of the Economic History of Argentina

Argentina has had a long and troubled history, this turbulent past has had a large impact on the economic current and historical economic status of the country. In order to understand the now, we need to know the past. Here is a brief summary of the economic past of Argentina....More...

Socialism in the USA

The ruling class, as the most powerful and flush with resources, becomes the source of power and resources for the working class. The ruling class assumes the role of the state in a socialist system and the working class relying on this state-financial elite hybrid to provide for the collective. Thi...More...

Forecasts for US Interest Rates

In recent weeks, US interest rates have been cut to 3%. The Fed are still forecasting economic growth for the year of 1.5%. However, there actions suggest they are concerned about the prospects of a recession, if they did not act decisively The cut in interest rates by over 1%, in a short space of t...More...

The Lost Decade - What it Means For the USA - Part I

Disturbing reports about the "lost decade" of the 2000's have begun to surface, confirming what millions already knew. The decade that just past was the first in American history that resulted in zero net job creation and zero income growth. Every previous decade going back to the 40&...More...

Should the Federal Government Bailout GM and Chrysler?

Like the 1979 bailout for Chrysler, should the government take the much debated step of bailing out these auto giants? Will helping them with taxpayer money turn our economy around or make us a few million dollars poorer?...More...

Female Unemployment and the Construction Industry

Recent figures show that levels of unemployment among women are at their highest since the 1980s, with more redundancies set to come in the New Year. There are, however, opportunities in manual trades and an increasing demand for women in these areas means that the UK's economic situation may s...More...

Bailout Plan - Confidence and Faith

The Bailout Plan passed the House and the Senate after a lot of wrangling between Democrats and Republicans. In the Senate the Republicans were talking about how failure to pass the plan would affect their own retirement accounts. Can this plan work? What does Confidence and Faith have to do with it...More...

This Economy is No Fairy Tale

This Economy is No Fairy Tale, but we can sure draw some analogies.Reflecting on the United States economy and the economic woes reported from the rest of the world's financial systems these past few weeks, we have noticed a possible correlation to the childhood fairy tale "Chicken Little....More...