Many countries all over the globe have been hit hard by the collapse of the US’s financial market and none has been hit harder than the developing countries in Asia that have long been dependent on the US for business and other financial backing. From manufacturing plants, assembly and other business tasks, most are silenced indefinitely as their parent companies in the US trims down operating costs, resulting in lost jobs and lost income for local governments. Manufacturing companies that used to boom, serving the needs of the US economy are also hit hard, areas such as industrial manufacturing and ship building have projects put on hold as their financing run’s dry awaiting more cash or more investors to pour in cash and other resources that would allow them to continue. The recession has taken victims, jobs and lost earnings that should have sent children to school for a better future. This is the cycle of the global economy that works like a wheelm sometimes up and sometimes down.
Most of the African continent is still locked in battle, from civil conflict to tribal wars, they rage just out of the headlines due to more pressing news that matters to most people. From the reliance of the many consumer electronics makers on precious minerals and metals that are abundant in that corner of the world, to the many conflict diamonds that are finding their way into jewelry stores all over the globe fueling wars and sending money for arms and other weapons killing millions, untold and silenced forever. Has the world forgotten of the problems the African People are facing, maybe not, but they surely have taken a back-seat as the world turns attention to their own problems. Millions of people on the continent still die from disease and famine and with Mr. Mandela out of the UN, focus may be shifting from the African continent hopefully not for too long a time.
They threatened to fire nuclear missiles but opted to launch mid-range weapons instead, the war of words continues and the security of the region is at stake. Kim is ill and is reportedly suffering from cancer, with him appointing a little known youngest son raising speculation of the strong man’s health. Maybe they were scolded by the Chinese who, like the West does not like the idea of plying around with nuclear weapons as their threats stated. Or they may simply have had a change of heart that their already closed society, cut off from the rest of the world for many years can grow more isolated should they choose to do so. The security risks involved with such a launch is great, with South Korea, Japan and the US having major battle groups in terms of ships in and around the areas of interest. Embargos have been in place since they last tested nuclear weapons and they are still standing to date, with more coming but the West stands by it’s calls for an end to their reign of fear, using their arsenal to state their status.
North Korea has always been at odds with the West – and the rest of the world – choosing to live in relative seclusion replying on itself and banning and sort of Western influence within its borders.
Talks to disarm North Korea of its nuclear arsenal have proven to be a backward and forward dance between the highly communist hermit country and the UN, with superpowers like the US and Japan backing it’s rival South Korea in calling for the stop of all nuclear weapons development in the country. Less than a year ago, peace talks had seemed to be taking a promising turn, when North Korea blew up a cooling reactor at its main Yongbyon nuclear facility. Now the North Korean government is planning a nuclear missile launch, and seems determined to have its way.
Details here.
Much is the fury of American citizens when they find out that companies who have benefited from the many bailout funds have continued to issue bonuses to their top management and staff in spite of their company’s dire needs. Fury is well founded for many of these firms have just brushed off collapse if it were not for the bailout funds the Obama government had released. There have been calls for investigations and hints to these people to return these funds for the taxpayer will not stand for such reckless behavior. President Obama has raised alarm over news that even the law or the bailout measures had work-around’s built into them that allowed such acts to go on right under their noses.
The president has been hard at work to try and fix the economy as it is and with little to go on. He has to convince congress and the senate to pass bills to release funds from the federal reserve to fuel the economy as it tries to recover. Estimates to the amount of budgetary deficits they will incur for the year, a couple of trillion dollars at least and that’s not the end of the story for the recession is far from over.
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President Obama has a lot against him entering a problematic financial system and with the whole world in a state of economic turmoil, he has a lot to work for. Change is inevitable, whether he makes a difference or not is for the American public to decide in the years to come in what would come down in history as his presidency.
写真提供:media3.washingtonpost.com
シスター・エマニュエル、カイロで20年もゴミ収集家と住んだ尼が月曜日、死亡しました。 彼女は99歳でした。シスター・エマニュエルはマザーテレサとも比較されています。両方とも貧乏な人々の権利のために戦いました。彼女はフランスのカリアの老人ホームに住んでいました。彼女はベルギー出身で、カイロのザバレーン、彼らのごみ収集人と住むために引っ越しました。彼女はここで働き、孤独な子供達のために学校、診療所、庭園などを設立しました。そして、彼女はいまやレバノンからブルキナ・ファソなどの8カ国にまたがる協会を設立しました。彼女のカイロでの仕事は非常に重要で、彼女の死は大きな損失です。フランスのユダヤ人とモスレム人のリーダーは彼女の死を悔やむ感動的な声明を発表しました。彼女は永遠に確信と行動の女性として覚えられるでしょう。
画像提供：bush2004.com
経済的な観点においては、盛況していた１９９０年代には世界は今とは違い、インターネットによりすべてが変わると信じる人も多くいました。 １９７０年代早期から１９９０年代の早期にかけて年間平均が1.5％だった.生産性の伸びは、今では3％に近づいています。 ビル・クリントン大統領の2期目においては、製造部門の生産性は6％以上の伸びを記録することもありました。 連邦準備制度理事会議長であるアラン・グリーンスパンは、継続する生産性の伸びを見せる新経済について言及し、この背景にはインターネットによる古い経営方法の排他がありました。 そして国債が完全に処理されたのち、どのように.金融政策を実行すればいいかとさえ大々的に心配していました。 ジョージ・W・ブッシュ大統領の残した致命的な後遺症の規模に注目してみると、次期大統領は長期にわたる経済再生を行わなければならないことが分かります。 アメリカ経済に打撃を与える多くの事象があり、イラク戦争やグアンタナモ刑務所とアブグレイブ刑務所での失態、市民的自由の衰退などがその例として挙げられます。これらの事象からの影響は次期政権の任期後にも残ることでしょう。
Image Source: graphics8.nytimes.com
This is what Obama has to say after winning the election. He believes that America is ready for change. He is the first ever African-American to become the President of the United States. Obama had a significant lead over his leading contender, John McCain. But McCain promised to help out Obama in his work to lead the American people. He called Obama to congratulate him and offered him to a have a it down meeting so they could talk about how they could work together. Meanwhile, President Bush was ready at hand to congratulate Obama and invited the president elect to visit him in the White House as soon as it would be possible to do so. Bush assured Obama that he is about to begin the greatest journey of his life.
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Sister Emmanuelle, a nun who lived for more than 20 years among scavengers in Cairo, died on Monday. She was 99. Sister Emanuelle has been compared to Mother Teresa. Both fought to defend the rights of the poor. She died in her sleep. She was living in a retirement home in Callian, France. She comes from Belgium. Sister Emmanuelle was moved with the lives of Cairo’s zabbaleen. Their garbage collectors. Through her works there, she established schools, clinics and gardens to serve the desolate children. Then she founded an association which now extends up to eight countries, from Lebanon to Burkina Faso. her work in Cairo was very crucial. and evidently, it is a great loss now that she is gone. Jewish and Muslim leaders in France expressed their sadness through emotional statements about her death. she will always be remembered as a woman of high convictions and also one of action.