"The US Collapse of 2009"

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"The US Collapse of 2009"
Topic Started: Feb 28 2009, 03:50 AM (450 Views)
asiAnihc	May 12 2009, 08:38 PM Post #11
azn mafia Posts: 1,572 Group: Members Member #444 Joined: Dec 21, 2008 Gender Male	Why does history repeat itself?



Sayf Udeen Ismaeel	May 13 2009, 12:35 PM Post #12
Icon by meagan_chelsea @ LJ Posts: 7,579 Group: Admins Member #1 Joined: May 2, 2008 Gender Male Religious Views Muslim Political View All over the shop.	Because economics run on a cycle?



123456789	May 13 2009, 01:44 PM Post #13
Posts: 14 Group: Members Member #602 Joined: May 13, 2009	ok



blue	May 13 2009, 10:10 PM Post #14
Posts: 1,226 Group: Admins Member #8 Joined: May 3, 2008 Religious Views Muslim	^ 12345678, please keep replies to a minimum of three words or make your replies add to the conversation in order to have active discussion. Thanks



Sayf Udeen Ismaeel	May 18 2009, 04:14 AM Post #15
Icon by meagan_chelsea @ LJ Posts: 7,579 Group: Admins Member #1 Joined: May 2, 2008 Gender Male Religious Views Muslim Political View All over the shop.	Turnbull stands by tobacco tax calculations A FORECAST of $1.9 billion in savings from a tax increase on cigarettes is a conservative estimate, Opposition Leader Malcolm Turnbull says. Mr Turnbull proposes increasing the tax by 12.5 per cent - or three cents per cigarette - instead of means-testing the private health insurance rebate, as pledged in the Budget. A Treasury analysis found that over 10 years the increase would take in $3.2 billion less than the rebate plan. Mr Turnbull told ABC Radio the 10-year assumptions were "heroic'', but he was confident of making the required savings, or more, in four years. "If you assume no decline in tobacco consumption then the ... additional tax in the first year would generate just under $690 billion of additional revenue,'' he said. "We needed to find $1.9 billion over four years, so even if you assume a fairly substantial decrease of a few per cent in tobacco consumption, you're not going to have any trouble meeting the $1.9 billion over four years. "It will generate more than that.'' http://www.news.com.au/business/story/0,27753,25499266-31037,00.html



Neo	May 18 2009, 06:50 AM Post #16
Posts: 65 Group: Members Member #388 Joined: Nov 7, 2008 Gender Male Religious Views Hindu	The worst of the deal is that no individual country can do anything about it. If even small countries band up together, they can make a lot of difference and get it over in a year or two. Needless to say, big powers can make it much more effective. We can't rely on the US alone, and it's time politicians stopped squabbling and decide to work for some good at last. Consensus taken is based on individual effort. If the banding up occurs then everyone will agree that five years is impossible. BUT they won't band up so five years it is



Sayf Udeen Ismaeel	May 25 2009, 04:15 AM Post #17
Icon by meagan_chelsea @ LJ Posts: 7,579 Group: Admins Member #1 Joined: May 2, 2008 Gender Male Religious Views Muslim Political View All over the shop.	Finance chief says sees British economy recovering BRITIAN'S recession-battered economy will return to growth this year, finance minister Alistair Darling insisted overnight, days after a warning that the country's credit rating could be downgraded. Mr Darling stood by his forecast of a return to growth by the end of 2009, which was criticised as over-optimistic when he made it in a budget statement in April. "I believe we will return to growth by the end of the year,'' he told BBC television. "I said that in the budget and I haven't changed my judgment on that.'' He added that "there is a lot of uncertainty out there,'' but said measures taken by the Government, "as well as the fact that other countries took action to support their economies last autumn, I think that will make a difference. "That makes me confident but I'm also cautious and I think we've still got some way to go yet,'' he said, adding: "We've got a way to go through this year. I think it will turn at the turn of the year.'' His comments came after Standard and Poor's warned Thursday that it may downgrade Britain's key credit ratings after placing the country's recession-battered economy on "negative'' watch due to soaring public debt. International ratings agency S&P said it had downgraded its outlook on Britain's economy to "negative'' from "stable'' because of the country's "deteriorating public finances.'' On Friday official data showed that Britain's economy is contracting at its sharpest pace in almost three decades amid the worst global downturn since the 1930s. British gross domestic product (GDP) shrank 1.9 per cent during the first quarter of 2009 compared with the final three months of last year, according to the Office for National Statistics (ONS). Mr Darling said unemployment will continue to rise this year, and the recovery will not immediately be felt across all parts of the economy. "There are a number of things that even after the recovery starts they will be coming through the system, and will need to be dealt with,'' he said. http://www.news.com.au/business/story/0,27753,25533150-31037,00.html



FMPBeats	May 25 2009, 03:32 PM Post #18
Posts: 670 Group: Members Member #606 Joined: May 21, 2009 Gender Male Religious Views Muslim	ok my internet is too slow to watch youtube atm, but is that that pathetic guy that cries all the time? Honestly, everyone has a right to love their country, but some people take it a little to far.



Sayf Udeen Ismaeel	May 26 2009, 07:55 AM Post #19
Icon by meagan_chelsea @ LJ Posts: 7,579 Group: Admins Member #1 Joined: May 2, 2008 Gender Male Religious Views Muslim Political View All over the shop.	Australia tops list to beat recession AUSTRALIA stands out as an island of calm amid the global economic storm despite pessimistic government and media responses, an international business confidence survey shows. One in five international businesspeople cited Australia as the country best surviving the recession in a survey of 7500 people in more than 24 nations. Australia placed first in the survey, ahead of China, with India and Singapore in equal third place. New Zealand also fared well, ranked ninth. The survey conducted in April was aimed at gauging business sentiment and what impact the economic downturn has had on businesses globally. Australian businesspeople appeared relatively unaffected, according to the poll conducted for Servcorp, a provider of virtual and serviced offices that operates in 61 nations. "In my experience working with international businesses around the world, especially during the last six months, I've noticed how relatively unaffected (are) Australian businesses and... business persons' attitude by the economic downturn," Servcorp executive director Taine Moufarrige said. "Over 71 per cent of Australian businesspeople believe we are the lucky country, and it's interesting to see that the rest of the world agrees." Pessimistic media reports were the number one concern among Australian businesses, the survey found. More than 25 per cent of Australian businesspeople also said they were worried about the way the Government responded to the global financial crisis. "I think the doom and gloom reports that Australians hear every day are harmful to Australian businesses and hold them back from seeing the opportunities that are present in the current economic climate," Mr Moufarrige said. "This is a time when Australian business confidence needs to be supported and encouraged in the media and by the Australia government." http://www.news.com.au/business/story/0,27753,25541734-31037,00.html



Sayf Udeen Ismaeel	Jun 13 2009, 04:02 PM Post #20
Icon by meagan_chelsea @ LJ Posts: 7,579 Group: Admins Member #1 Joined: May 2, 2008 Gender Male Religious Views Muslim Political View All over the shop.	No economic recovery in sight - US US Treasury Secretary Timothy Geithner says top global economies should not look to cut their economic stimulus plans to fight the crisis as there is no recovery yet. "I don't think we're at the point yet where we can say we have a recovery in place,'' Mr Geithner said today following two days of talks between the G8 finance ministers in Lecce in southern Italy. "It's too early to shift towards policy restraint,'' he added amid calls from countries like Germany for global powers to start reducing huge deficits and spending approved to stimulate flagging economies. "These early signs of improvement are encouraging but the global economy is still operating well below potential.... Growth therefore should remain the main focus of policy among the G8 and G20 economies,'' he sad. Mr Geithner also said world economic powers should move together to reform rules for financial markets to ensure fair competition as President Barack Obama prepares to unveil reform proposals for the financial sector next week. "We need a level playing field globally,'' he said. "As we move to put in place stronger standards in the United States we need to build a consensus internationally on complementary changes to reduce risk arbitrage,'' he said. http://www.news.com.au/business/money/story/0,28323,25632782-14327,00.html



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