China’s Concerns

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The recession occurring in the United States has lead to financial distress in many other countries over seas, but no country is more intertwined with the US economy than China. In a recent article published by MSNBC, China’s vice governor of the People’s Bank of China discussed the rising fear looming over failing U.S businesses. China is Washington’s biggest foreign creditor, holding an estimated $1 trillion in U.S. government debt. Investing in US treasury bills is

“an important component part of China’s foreign currency reserve investments, so as an important component we are naturally relatively concerned with the safety and profitability of U.S. government bonds.”  Continue reading

Stimulus Package

I am not the most literate person to talk about economy, but with so much talk about the stimulus package I decided to read about it and was intrigued by what happened in Congress this past week.

“The Senate approved its bill most along party lines, by a vote of 61 to 37, with three Republicans joining 56 Democrats and two independents in favor.” Republicans say that there are philosophical differences that kept more republicans from voting, besides they think that the package is too expensive and it would cost future generations a lot. But, why can’t we just get along?

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Useful graphic of Stimulus Bill

This is a useful graphic of the elements of the stimulus bill.

To see better, make your view larger by hitting ctrl + in Firefox.  Or, click on link above.

Tod Murphy – On the road to success?

Tod Murphy has taken a huge leap into the pool of dining.  He has stepped backwards and attempted to bring back the basics by supplying 60-70% of locally grown food.  Supporting local farmers is, what I believe, a very worthy cause.  Although this article was written four years ago, when I look at our economy now I cringe.  Something needs to be done to stimulate the economy.

I received a rather funny e-mail from my parents the other day.  It discussed the economic stimulus packet that taxpayers are going to receive this year.  The e-mail was arranged in a Q&A format, and was clearly against this proposed government issuance of money.  What really caught my attention was the end of the e-mail, which I have conveniently copied here:

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