Castro, Chavez, Obasanjo, and Obama: Contrast in Leadership
By Dr Spinoza & Frances Robles | 18 Apr 2009
That America will rise again to her former glory is not in doubt. The handshake between Obama and Chavez, the body language, and the willingness of the current American leadership to care for the feelings and interests of nations, peoples, and masses are signs that America is on the way to reclaiming her former status in the world. Obama’s heart and type of leadership loves Chavez and Castro not because he cares about the individual antics of these people, but because through love the man sees acute visions; his eyes see talents, potentials, and opportunities to help lift up the suffering masses in USA, Cuba, and Venezuela. The inevitable loyalty, team spirit, and mutual support and benefits that will come from such an environment can never harm the masses in these nations.
Global recession could last til end 2010 or longer
By AFP | Published March 9, 2009
New York University professor Nouriel Roubini said that in the best-case scenario, the recession will continue through 2010 in advanced economies while job losses will persist for an additional year. Roubini warned that the United States, Europe and Japan must “get their act together” to avoid the global economy sinking further. As early as 2005, Roubini said US home prices were riding a speculative wave that would soon sink the economy, but was dismissed as a doomsayer. People say when the US sneezes, the rest of the world catches cold. In this case, the US is just not sneezing, it has a severe case of chronic pneumonia
Health care pinched by nursing shortage
By Reuters | Published 9 March 2009
An estimated 116,000 registered nurse positions are unfilled at U.S. hospitals and nearly 100,000 jobs go vacant in nursing homes, experts said. The shortage is expected to worsen in coming years as the 78 million people in the post-World War Two baby boom generation begin to hit retirement age. An aging population requires more care for chronic illnesses and at nursing homes.The nursing shortage is not driven by a lack of interest in nursing careers. The bottleneck is at the schools of nursing because there’s not a large enough pool of faculty. Almost 50,000 qualified applicants to professional nursing programs were turned away in 2008, including nearly 6,000 people seeking to earn master’s and doctoral degrees.
How to fail to recover the economy
By Joseph Stiglitz | Published 8 March 2009
America provides important lessons to countries around the world facing increasing problems with their banks. Some people thought that Barack Obama’s election would turn everything around for America. Because it has not, even after the passage of a huge stimulus bill, the presentation of a new program to deal with the underlying housing problem, and several plans to stabilize the financial system, some are even beginning to blame Obama and his team.
Buffett: The economy has ‘fallen off a cliff’
By AP | Published 9 March 2009
Whatever the government does to help the economy will likely benefit some people who made poor financial decisions, but Buffett said Americans should realize that everyone is in the same boat. The people that behaved well are no doubt going to find themselves taking care of the people who didn’t behave well.The current efforts to help revive the economy are likely to produce inflation that could be worse than what the country suffered in the late 1970s.
- Global recession could last til end 2010 or longer
-
By AFP | March 9, 2009
New York University professor Nouriel Roubini said that in the best-case scenario, the recession will continue through 2010 in advanced economies while job losses will persist for an additional year. Roubini warned that the United States, Europe and Japan must “get their act together” to avoid the global economy sinking further. As early as 2005, Roubini said US home prices were riding a speculative wave that would soon sink the economy, but was dismissed as a doomsayer. People say when the US sneezes, the rest of the world catches cold. In this case, the US is just not sneezing, it has a severe case of chronic pneumonia
- What Ails the American Economy?
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By Kevin Phillips, Barry Gewen
28 Feb 2009
Even if his pessimism doesn’t seem wholly warranted, a sense of foreboding surely is, which is why his warnings have to be taken seriously. Mr. Phillips writes that the inventors and marketers of the new financial instruments didn’t entirely understand them. An executive of Fidelity International says a panicky feeling has set in on Wall Street because no one knows where the risks really are. The finance minister of France observes that investments may have reached such a level of complexity that no one can assess them. And Charles R. Morris, in his own gloomy book, “The Trillion Dollar Meltdown,” reports that even Citigroup’s chief financial officer “did not know how to value his holdings.
- What Ails the American Economy?
-
By Kevin Phillips, Barry Gewen
28 Feb 2009
Even if his pessimism doesn’t seem wholly warranted, a sense of foreboding surely is, which is why his warnings have to be taken seriously. Mr. Phillips writes that the inventors and marketers of the new financial instruments didn’t entirely understand them. An executive of Fidelity International says a panicky feeling has set in on Wall Street because no one knows where the risks really are. The finance minister of France observes that investments may have reached such a level of complexity that no one can assess them. And Charles R. Morris, in his own gloomy book, “The Trillion Dollar Meltdown,” reports that even Citigroup’s chief financial officer “did not know how to value his holdings.