There have been riots in Egypt as thousands of people have taken to the streets to protest the government. The main source of the problem seems to be that there are not enough jobs to go around. The people are tired of living on an income that does not meet their needs. The Egyptian President [...]
Archive for the ‘government’ category
Troubles in Egypt
January 31st, 2011
Loans for Greece
January 29th, 2011
Everybody knows by now that the country of Greece has had some major economic problems. It seemed for awhile that the country would devalue its currency and forfeit on a number of its loans. This is no longer a problem as Greece has received loans from European countries. The only sticking point has been how [...]
Budget deficits
January 27th, 2011
The federal government is borrowing money at a fantastic rate. As of right now, the American taxpayers are paying a rate of 40 cents for every dollar they spend. It is a wonder how much longer we can go on paying these types of charges on our money. The budget is out of control and [...]
China trade
January 24th, 2011
There is some good news today and that is the fact that China has agreed to purchase more American made goods. After a visit today of Chinese leader Hu Jintao to the Obama white house, the deal was struck. This is good news for American workers. The trade gap between china and America has worried [...]
AIG
January 16th, 2011
In 2008, the U.S. government bailed out the giant AIG Corporation. The government lent the company over $182 billion dollars in order to keep it afloat. The good news is that the company is ready to start paying back the money it owes. The government owns about 1.6 billion shares in the company estimated to [...]