In a recent press conference, the president of the United States, George W. Bush, spoke directly to the United States people. He urges the people to believe in the government to relieve us of the predicament that we are in, a predicament he once refused to believe existed. The global market has behaved erratically even after the multi billion-dollar rescue deal that would restore the calm. The president defends his actions by saying that the markets “took a while to freeze up” and would take a while to “thaw”.
Some interesting statistics regarding the current crisis is that figures released in the US suggest the construction of new homes was at it’s lowest in 17 years. According to the US commerce department, the building of new homes fell by more than 6% last month and was at its lowest level since the recession of 1991.
“I would oppose such measures under ordinary circumstances," he said, "but these are not ordinary circumstances." He said that the American people could "be confident" that the measures were "big enough and bold enough to work". There were plans to inject $250bn of the rescue fund into national banks such as J.P. Morgan. The president also spoke of joint efforts between the U.S. and the UK in “tackling the global economic crisis.” Mr. Bush will meet with his French counterpart Nicolas Sarkozy and the European Commission chief, Jose Manual Barroso, at Camp David in Maryland this weekend.
I wonder what the president has in mind to help alleviate this situation we’re in. It seems to me that this economy will burden the next generation of young adults who seek careers in the not-to-distant future.
http://news.bbc.co.uk/1/hi/world/americas/7676457.stm
October 17, 2008
M.A.Torres
1 comment:
There is a still a strong demand for talent and I still see lots of high paying jobs posted on popular employment sites:
www.linkedin.com (networking)
www.indeed.com (aggregated listings)
www.realmatch.com (matches you to jobs)
I see plenty of living wage jobs and a few 6 figure jobs too.
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