After the US financial institutions created a sub-prime lending mess by giving easy loans to unscrupulous borrowers that resulted in a credit crunch sliding the economy into recession, discussions are now underway on how to stem the current crisis. The free-market capitalist US economy is now depend[...]
Posts Tagged ‘USA’
January 24th, 2012 - 6:35 am § in News Of Economy
US – Who will ultimately bear the cost of recession?
January 21st, 2012 - 1:24 pm § in News Of Economy
US House passes bill to protect homeloan borrowers
To protect borrowers of home loans from abusive banking industry the US House of Representatives passed a bill ensuring the rights of borrowers on Thursday evening. The bill, which was passed by a 291-127 vote, garnered 64 votes from the Republicans while none of the Democrats opposed the bill. Howe[...]
January 21st, 2012 - 1:22 pm § in News Of Economy
Dollar decline: Symbol of hegemony to shunned currency
Is the world’s totemic currency fast loosing its hegemony? That the dollar is fast loosing its glitter has come forward in a recent online poll by the Wall Street Journal asking people which currency they would prefer to be paid in. The euro came on top, followed by the sterling, the Canadian [...]
January 20th, 2012 - 6:33 am § in News Of Economy
USA – Land of opportunity turning into a land of wealth concentration
The United States of America may be regarded as the prized land with opportunities galore for the ambitious men and women but recent economic facts have thrown some critical issues out in the open that might change the mindset of the rest of the world about the country’s economic equality, whi[...]