The Japanese central bank on Monday raced to shield the country’s economy
and plunging financial markets from the impact of the devastating earthquake and tsunami
by pumping cash into the financial system and easing monetary policy further through an expansion of asset purchases.
Economists at Credit Suisse in Tokyo projected that the total economic losses of the quake could amount to as much as 15 trillion yen.
Tsunami Only Start of Japan’s New Problems
Credit: enciclopediapt
14 March 2011. By David Caploe PhD, Chief Political Economist, EconomyWatch.com
The US is the world’s largest economy and home to dynamic and innovative technology companies and entrepreneurs ahead of our time. However, global competition is heating up in these areas, especially in China. In his thought-provoking article on Time, Fareed Zakaria asks is America still number one?
Hollywood elite have turned their backs on Obama after supporting him before he was elected in 2008. Actor Matt Damon is the first to cite Obama’s dealings with Wall Street as the main reason for the backlash in support.
“I think he’s rolled over to Wall Street completely,” Damon told the Independent.
“The economy has huge problems. We still have all these banks that are too big to fail. They’re bigger and making more money than ever.”
The economic boom in Asia and emerging economies, as well as inflation all across the globe has caused in increase in a number of billionaires in China, Russia and Brazil in 2011.
According to some reports, sources suggest China is set to have almost doubled the figures of their billionaire headcount to 115. Meanwhile Russia and Brazil have 101, and 30 billionaires respectively – confirmed by Forbes in its annual list of world’s richest men. This is the first time a country has emerged with more than 100 billionaires apart from US which has 413 billionaires till date.
America is not broke. According to a recent blog post by Michael Moore. “America is not broke. Not by a long shot. The country is awash in wealth and cash. It’s just that it’s not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich.”
In recent years, more development aid than ever before has been directed at women. Even though, it doesn’t necessarily reach the girls who need it all the time. A new revolution is rising now that appeals to activists concerned with poverty, disease and the rise of violent extremism: change the world by investing in girls.
There is good news for sustainable economic growth in the US post 2008 financial crisis. Employment rates have passed through the inflexion point and recent reports on production and spending point to an accelerated momentum in the economy.
Its weakness remains “the state and local government. It continues to lay off people vowing to budget pressure” Sung Won Sohn, Smith School of Business and Economics.
And what do we have to account for the improvements?
The Colonel: More Excuse than Cause. Credit: EnemyKe
8 March 2011.
Japan is looking to join the ranks of the US, China and Russia’s aviation industry with a stealth fighter that senior Japanese air force officials say can be ready for a prototype test flight 2014.
