President Obama Supports Global Opportunites for The United States

May 13, 2011

 

President Obama Supports Global Opportunites for The United States

President Obama has been busy trying to curb illegal immigration and creating job and business opportunitites for the United States. (To read more, click onto the above link.)
 


Is Unemployment Out of President Obama’s Control?

April 25, 2011

 

Is Unemployment Out of President Obama’s Control?.

 
Many people are dissatisfied with the unemployment picture because they cannot find jobs or they have to accept lower pay. Are people doing all they can to find jobs? (read more…click onto the above title)

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China’s New Position as Largest Exporter May Spark Trade War

December 2, 2010

As more and more textile mills have moved out of the United States to China, the House Ways and Means Committee have voted to impose a tariff duty on China. China now buys very little in the way of imports from the United States and the European Union, while the United States imports expensive items from China.

In addition to the low buying on the part of China, the value of the yuan, the monetary unit in China is low. This is the reason why the United States closed five hundred textile mills over the past ten years. China has forty percent of the world’s textile market. Economists say this is causing tension between the United States and China which could lead to a trade war.

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Asian Countries Showing Signs of Economic Recovery

August 20, 2009

Photo by Jonathan N

Photo by Jonathan N

Japan, China South Korea, Indonesia, Singapore, and Hong Kong are all reporting quarterly growth for the first time in a year. Blaine Harden, of the Washington Post Foreign Service reports on August 17, 2009 that the growth is due to “a spurt in manufacturing, an easing of credit, and the health of Asian banks that were largely unscathed by the U.S. and European debt crisis.”

Germany and France are also showing growth, but not to the degree of the Asian countries. The U. S. on the other hand suffered a decline in growth for the second quarter as the Federal Reserve will pull back its intervention in the economic recovery soon.