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economy: How the Economic Stimulus Package Places the Burden upon the American People - 02/18/08 03:54 PM
Is the US economy in trouble? If it is how long will the crisis last? Will the elected representatives and traditional news media tell the American people the truth or hide the true facts? These are all the questions the American public wants answered and has the right to know.
Unfortunately, it is not being discussed openly and reported upon in the media in a transparent manner. The media conglomerates are parts of huge publicly traded companies whose sole purpose is to increase stock value for their shareholders. So if they start reporting on the true State of the American … (0 comments)
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economy: How the Current US Economy Parallels Past Financial Crises - 02/18/08 03:39 PM
Is the US economy in trouble? If it is what can be the extent of the damage? What is unique about the subprime mortgage crisis? Will the elected representatives and traditional media tell the American people the truth or hide the true facts?
Recently, I found an interesting paper titled, Is the 2007 U.S. Sub-Prime Financial Crisis So Different? by Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard University.
The authors draw parallels between the current US economic issues with five previous financial woes. These five past crises lasted longer than anyone had anticipated. The nations … (0 comments)
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economy: Federal Government Seeks to Prevent Economic Recession - 01/08/08 09:22 AM
Federal Government Seeks to Prevent Economic Recession Mortgage Home Loan and Housing Market Main Areas of Focus for Government By, Gaurav Bhola, MSM
The housing market corrections of 2007 may well continue into 2008. The government is scrambling to forestall any further market adjustments. The government wants to be proactive in avoiding any severe downturn in the economy. There is a feeling that the government needs to be doing more than the Bush mortgage rate freeze plan for certain subprime adjustable rate mortgages.
Recently, the Bush Administration announced that with the partnership of the mortgage home loan industry, some mortgage loans will qualify … (0 comments)
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economy: GDP: Gross Domestic Product Fails as an Indicator of Economic Welfare – Part 1 - 09/28/07 03:38 PM
Subtitle: Why Using GDP is a False Growth Benchmark of Health and Wellness of an Economy
Conceivably there is no other headline that captures the essence of the Gross Domestic Product or GDP better than the Reuters headline after the catastrophes of hurricanes Katrina and Rita.
The disasters ravaged the citizens of our country, over 850,000 homes damaged, thousands of people becoming refugees, devastation of over 1.3 million acres of forests, avoidable deaths of 1,836 men, women, and children, and more unthinkable residual destruction.
Herein, the above catastrophes profoundly illustrate the fallacies of using GDP as an indicator of economic health … (0 comments)
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Gaurav Bhola
Orlando,
FL
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