President Obama’s top White House economic adviser said today that consumer spending in the United States appears to have "stabilized," and he urged business leaders to show "more optimism and more confidence" in their investment decisions. Lawrence H. Summers, director of the National Economic Council, said a $787 billion economic stimulus package that Obama signed […]
US Economy and Its Collapse
Today’s topic of talk is about the collapse of the US markets, its economy and hence the world economy. Before we enlighten you on the economic issues, we would have a look at the statistics. Easily the world’s largest economy, it has a colossus GDP of $14.3 trillion which is equivalent to almost 23% […]
Start an Art Collectible Hobby and Beautify Your Home
Collecting is a fun hobby, and one of the most interesting things to collect are art collectibles. Many different items can be painted with artwork and become an art collectible. Hobby enthusiasts collect such things as saw blades, and wooden eggs which have had artwork painted on. People even collect designer rugs as art. Another […]
Straits Times Index Rallied by 122.82 Points On US Mortgage Bail Out
It was not an usual weekend when US Government made an aggressive decision to take over the two largest mortgage giants, Freddie Mac and Fannie Mae. This mortgage bailout plan on 7 September 2008 had take its effect on the broad Asian Markets. Straits Time Index, STI, the index reflecting Singapore stock market rallied deeply […]
Illness : Robbing You of Home and Hearth
The other day, there was a commotion in the office when news came around that the electrician who was having his lunch had suddenly fallen with a thud in the midst of it and fallen unconscious. He was rushed to a near by hospital where tests revealed that he had brain haemorrgage as well as […]
Bear Sterns B.S.
The views expressed in this article are not necessarily the endorsed by AFL-CIO or GroundReport.com By Jeff Crosby “We just lost a big chunk of our retirement,” grumbled more than one person down at the Union Hall last week, when General Electric Co. (GE) stock tumbled. “I got two houses on my street under foreclosure […]
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