Business

Thoughts on economy and people
by Milota Sidorova

Debt is the exact word that characterize our lifestyle. Debt is also the exact word for the economy structure of our times. No wonder marketing strategies suggest that it's far better to pay a loan than to save for worse times. And millions of millions of toxic mortgage loans caused the bubble in real-estate market ending literally in global crisis that seems to be resistant to all measures and steps taken by the governments. This problem is certainly not easy one to explain, but what is certain is the difference between financial market and real economy in terms of social security and rights. While top banks are doing better than before the crisis the situation has dramat! ically changed for employees. Unemployment is rising or already has reached its maximum in most of European countries and the U.S. Crisis fell down on small and middle businesses that actually employ the majority of people. And while governments try to solve the problems with slashing down the most of „unnecessary“ expenses (think culture, education, social funds) and rising retiring age, most of politicians underestimate the psychology of people. And while it was rather unusual that people went out to protest, yesterday was the day that showed the hint of changing atmosphere. Thousands of thousands of people all over the Europe went out to the streets to show their disagreement with austerity measures. This time it wasn't only Athens, but also Mardid, Prague, Bratislava even Brusselss and many more of European metropolis. According some sociologist these kind of revolutions always appear, even in time cycles, approximatelly once in sixty years. But in terms of! sociological explanation, they happen every time the system a! nd its m achinery lay down unbearable conditions on people. When people feel they lost control over their lives and lost their securities. And while media serve these information with rather cold attitutde, one has to realize that something important is happening outside. Because people are customers and feeding layer of business pyramide, people are critical factor for neverending business incomes. And if the mass is not satisfied, one can't be sure with sustainable incomes and policy systems any more. I will end up this quick summary with words of Jose Manuel Barroso: any government should realize that it is not going to survive and solve this problem without unions and people.

related story (sgx18295): http://www.france24.com/en/20100929-anti-austerity-protests-...

by Milota Sidorova for Cantell TV (http://cantell.tv)

Cantell TV is the fastest growing provider of digital broadcasting coupled with telecommunications, allowing people to easily control, view, upload and share digital content through proprietary interface coupled with free phone calls. Cantell TV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.

posted by Blog TechSource @ 2:18 PM 0 Comments

Support for small business
by Milota Sidorova

Five weeks before U.S. Congressional elections and President Obama finally pushed long-expected bill that aims to help small businessmen. Although it was blocked several times by Republican party, two of them George Vojinovich of Ohio and George LeMieux of Florida turned on the lights to the proposal. What could be better for smaller businessmen? At first they tax expenses should be reduced and then they should have easier access to the governmental fund of $30 billion. Money would be transferred down to regional or community banks that will make them more affordable via loans. The step seemed to be necessary for Democrats who were missing their popularity last years. Howe! ver, the step should be real injection to the economy, since small business employ crucial majority of people and create competitive different environment. And the objection from Republicans seems to be almost cheap excuse. First of all they compare $30 billion fund to the 2008 industry bailout. That time the government released around $700 billion and adressed them just to several, chosen financial organizations. But there are great differences – these banks were selected and while some of them were rationally let to the bankruptcy, some were given generous, perhaps too generous load of money. And according to statistics they were going well and while real people, real businesses were struggling in this never ending crisis, they made bigger fortune than before the crisis. So this time the impact for the economy will be more direct, since the money will come to real people. These real people can hire another real people who will generate another income. This is very i! mportant point, if there is an unemployment around 9 percent. ! What's more Republicans seemed to forgot that the fund would be around 23 times smaller than the financial banker's gift. Another importance of this step is a transparency, while banks accepted the money without any restriction or regulatives, the passage of this bill was followed by time and energy killing process. And it could be dead in the end. So the question is, how can one compare $700 billion packet given to financial organizations that are producing virtual money with $30 billion fund to small businesses that create the anchor of real economy. Only a fool would think that virtual money and banks can decide so long-expected and feared elections that will be decided by real people.

related story (sgx18277): http://news.yahoo.com/s/ap/us_obama_small_business;_ylt=AkCl...

by Milota Sidorova for Cantell TV (http://cantell.tv)

Cantell TV is the fastest growing provider of digital broadcasting coupled with telecommunications, allowing people to easily control, view, upload and share digital content through proprietary interface coupled with free phone calls. Cantell TV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.

posted by Blog TechSource @ 2:20 PM 0 Comments