Economic Crisis 2008
Economic Crisis 2008Author: Andrew Abraham2008 Economic Debacle Let’s start with the fact that the median US income last year was $50,233 dollars. Now lets add to the fact that the plan of Treasury Secretary Henry Paulson's $700 billion dollar to stabilize the banking system, that every man, woman and child in the U.S. would be owing more than $37,000 each.This puts the situation in simple context. Let’s put it another way, approximately 73% of the median income will be needed for this plan. It is beyond obvious that we are going to be paying this off for a long time, and quite obviously our grandchildren.Henry Paulson’s plan may push the national debt to the highest level since 1954 and possibly causing a diminished demand from foreigners for U.S. bonds as well as potentially other assets. Why would foreigners still be attracted to U.S. assets? How about a worse question will US investors still be attracted to US assets?Again it seems pretty clear that this $700 billion dollar plan can cause a jump in interest rates prompted by the glut of additional Treasuries needed to finance the plan. Needless to say the dollar has been weakening against the euro and many other currencies.How can this be a good way to get out of our current economic debacle!Let’s put it yet another way, Paulson’s plan could drive the debt above 70 percent of gross domestic product and the annual budget gap to an all-time high, possibly exceeding $1 trillion next year. The US is not the only one in this party, just look at several other developed nations have debt levels far higher than that of the U.S such as Japan at 196 percent of GDP and Italy at 104 percent of GDP.
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Creating A Professional Environment With Promotional ClothingCreating A Professional Environment With Promotional ClothingAuthor: Kris AnnAs every business owner knows, some employees know how to dress appropriately for work and others at times look a little less than what we might hope for. Using promotional clothing items for your employees can help create a professional uniform look amongst your workers. Even just using promotional t-shirts or polo shirts with khaki pants, shorts or even jeans can provide your business and your employees with a more professional, uniform look will do a lot to make your business a nicer atmosphere. |
How to Glue in Hair Extensions EffectivelyHow to Glue in Hair Extensions EffectivelyAuthor: Muna wa WanjiruEvery woman is dreams about long silky hair. However, it is not possible for all to get lustrous locks of hair. However, new cosmetic technologies have made it possible to get hair extensions by numerous methods. One of the most effective ways is to attach hair extensions directly to your hair by using heated glue sticks. A glue gun is used to heat the glue sticks and melts the glue. How to glue in hair extension? Some of the ways to glue in hair extension are as follows: U Tip hair extension method: First part your hair into sections and slightly twist it each part. |