Entries in Economics (6)
In a climate of unprecedented policies from the Federal Reserve, most average citizens are failing to recognize just how precarious our economy was before the recession in 2008, and just how close our US dollars still are to the brink of disaster.
The country we often sentimentally call the greatest is actually ranked 11th. Not bad, but not the greatest.
Today Google, one of the internet's largest and most innovative companies, announced that it is considering pulling its search engine, email and other products out of China's internet market. The move comes after a cyber attack on Google's server in which hackers tried to access the gmail accounts of several Chinese human rights activists. This offensive coupled with evidence that suggests these were the same hackers who infiltrated US defense computer system last year could portend a full blown geopolitical cyber crisis.
Sometimes I have this really strange dream. It's all in black and white and things seem just slightly out of focus. It starts out in a tall office building and it sounds like there's a dark rave going on around me, except that I'm the only one there. Then, the building starts shaking and I get the sudden feeling that something's not right. So I just take off running, booking through this gray scale world, crashing through plate glass windows from roof top to roof top. There's shattering glass, scattering pigeons, but not another soul around and the ominous techno beat won't stop. And as I'm running frantically, searching for anyone, and trying not to fall off a building, I get the eerie temptation to look up but I know if I do, I'll be done for. It goes on like this for a while, but I know I can't hold out long. Around me, I can feel buildings falling and foreign, unfriendly things pressing in on me. So, for one split second I take my eyes off of the endless string of rooftops in front of me and look up. That's when it hits me, or rather I hit it. Everything stops, the dream goes blank, and I wake up.
Here's a question to ponder: If you were going to buy a car a few months ago, would you have done it? Or would you have waited for the Cash for Clunkers program? How about that car that might not pass inspection in the next six months? Why wait to buy a car then when you can get $4500 from the government if you do it now? There's an inherent problem in all this concentrated car buying. It may be a "stimulus" to the car market now, but it will actually lead to less car buyers and a slump later in the year once the program ends.