Tuesday, February 17, 2009
The US : Restructuring to a New Society
As the Obama economic group gear on a 787Billion dollars stimulus bill this week, it is said that there are more to come. Among the issues the administration wants to focus is the automobile industry and the private banking sector. It seems that the government will step in soon if the current economic conditions do not present better results. The main goal is to help the people and the people should be the priority. The concept of bailing out industries and or a company is to help a lot of the working class. These people includes those who have already lost jobs, in mortgage troubles and those dependent in the consumer-material cycle business. Hopefully, the stimulus packages and looking closely into the financial sector, will make the government adhere to the current pains of their society.
Labels:
bailout,
restructuring,
US
Saturday, February 14, 2009
Wildfire Australia
I have seen some of the wildfire photos that devastated the southeastern Australia. I have several friends from Australia but all of them are not from the affected region. When I learned of the news I thought it was just the ordinary forest fire. As I looked in to the news for the last week I realized the magnitude of the fire and the lives lost. The damage to properties during this economic crisis must be very hard for the affected people. Somehow, Australians are resilient and happy people. I am sure, like my Mates in Shanghai, they will pass through the hard times.
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