Business

New president - old problems
by kristina leskova

Barrack Obama will be soon the president of United States of America. But the people, who voted him, believe that he is able to solve the biggest problems like financial crisis. His role is not easy, but it was his decision to candidate. Now the government tries to find some solutions how to improve the actual situation in the States. But the whole issue is waiting for Barrack Obama. In his campaign he gave some promise and people are curious if he is able to keep the promise. There was a meeting of G20 countries in the last week and they spoke about the financial crisis, too. But they will not admit new regulations. Next meeting will be four months later and they will form more accurate steps. At this time the president will be Obama. He has to solve the crisis so that something like this situation would never repeat. There is a need to change the financial system, but still respect free trade. Martin Feldstein who is an economist professor on Harvard University thinks that it is necessary to inject the money directly into the economy and not to depend on consumers. They need to increase the expenses of consumers which could help companies like Intel Corporation or Buy Co. as the largest electronics retailer. But the demand still decreases. And the consumers fear. USA has to be careful when they decide to easy up stimulus programs. They should moralize from other countries like Japan, because they experienced crisis like this one.

related story: http://news.yahoo.com/s/bloomberg/20081117/pl_bloomberg/aez5fruymj4q;_ylt=AouTS0Hh1EH04EIM88C0MAys0NUE

by kristina leskova for PocketNews (http://pocketnews.tv)

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edited by Beata Biskova

Labels: Business, CantellTV, Chris Cantell, Christopher Cantell, digital broadcasting, SigEx Foundry, SigEx Telecom

posted by Blog TechSource @ 5:48 AM