Posts Tagged ‘US’
The US officials say that a ‘comprehensive’ plan to ease global financial crisis will be soon hammered out.
After meeting members of Congress, US Treasury Secretary Henry Paulson said that legislation was required to rid US banks from their bad assets.
The announcement splashed a new wave of life in many stock markets all around the world particularly Asian stock markets.
In early trading, Japan’s Nikkei climbed to 2.8%. Similarly, the Shanghai Composite was 9.3% up by mid-morning and Hang Seng in Hong Kong climbed 7% at early hours. Read the rest of this entry
A UN report warns that the poor countries of the world would see the worst impact of worldwide economic slowdown during the next year.
Because of the economic recession worldwide, the expected growth in many developing countries is lower than 1% and the things would be worsen during the next year.
Unctad, UN agency for the developing countries, says that the poor countries could squeeze in the next year because of different factors like high food and oil prices and slow global demand.
In an interview with BBC news, Unctad’s Secretary General, Supachai Panaitchpadki told that the poor as well as rich countries of the world must be careful to raise interest rates to stop mounting inflation. Read the rest of this entry
Inflation is always meant for general rise in the prices of oil and gasoline. Today, almost every nation caught up in the phase of inflation. The economists have been reviewing their past inquiries, facts and figures regarding inflationary and deflationary gap.
In this process, the analysts said that majority of the countries have caught up with inflation all over the world due to high oil prices that are increasing day by day in the United States of America.
The price of oil is reached up to $135.09 per barrel in the U.S now a days which led the American nation into inflationary phase that is linking toward 1930 recession in the United States. This situation is getting worst day by day which caused many problems to the people of the United States.
Various and different sectors of the U.S economy are getting affected due to high oil prices and sudden rise in the general prices of commodities. The most devastating sectors of the U.S economy are the Wall Street, banks, commerce, industry and businesses etc. The saving power of the U.S civilians is reduced which led them into hopeless situation.
Meanwhile, various election campaigns are being carried on in the United States of America, where Hillary Clinton and Obama have been reckoned as the closest candidates for becoming the next president of the United States. But the conspiracies and alarms of declining American economies are being increased due to such election campaigns and heavy use of dollars on the U.S vs. Iraq war.
But, people are waiting in the United States and hopeful that they would see a new light for the development of their country very soon in the form of famous Hillary or Obama. The majority of the people in the U.S really wanted to see a good change.
Change, we want, believe in is the newest slogan of the U.S people. In this regard, Obama has become the futuristic symbol for the next United States president and he is continuously saying that what all we have lost , there is no more need to worry, because the U.S is not a nation which can be declined due to such a tiny sort of inflation and general rise in the oil prices.
Isn’t a tragic with human beings facing with inflationary cycle in the world? Today, millions of people are combating with increasing prices of the oil and gasoline. So stunning is the rising inflation that has caused a recession just like 1930s in the U.S.
The oil prices increased at $138.54 per barrel in the United States that has effected other countries of the world and led towards an overall inflationary phase.
The Asian countries are deeply suffering from inflationary phase. The countries like Pakistan, India, Afghanistan, Iran, Indonesia, Bangladesh, Sri Lanka and Maldeep, etc are heavily struggling with the alarms and devastations of inflation.
The commodities prices in the Asian regions are increasing so much day by day that it has effected the minds of the people. The prices of normal day commodities such as wheat, rice, sugar, bread, tea, pulses, beans, oil, ghee, sweets, cookies, meat, vegetables, fruits and all other items are sky-rocketing.
This led the people into absolute depression, anxiety, agitation and hypertension. The sleeping of the people is disturbed. The people are not feeling rest and comfort these days due to push-push inflation. Read the rest of this entry
