US stocks end mix up

NEW YORK: Major stock indexes ended mixed Thursday on more evidence that the economy is regaining strength at a slow pace.
The Dow Jones industrial average rose for an eighth straight day, its longest unbroken climb since August. The Dow gained 46 points while broader indexes were little changed.

With the economy at a slow rise it is hard to say what can happen. One of the pluses that could occur are creating more jobs for Americas which would lead to a decrease in unemployment and in increase in consumer spending.

Consumer prices flat in February

U.S. consumer prices were unchanged on a seasonally adjusted basis in February, as falling energy prices offset increases in prices of cars, medical care and food. In the past year, the CPI has risen 2.1%. The core rate is up 1.3% in the past year, the smallest year-over-year increase in six years. If current trends continue, the core rate could drop below the Federal Reserve's target of 1% to 2% for the first time since 1963, economists said, fueling some worries about deflation.

• As less consumers are paying for producst. Many economists are worrying about deflation as current trends continues, which the core rate might drop below the Federal Reserve's target.

Health Reform: Where the money will come from

Democrats pushing for health care reform are closer to the finish line than ever, but it's not over yet. And the question of cost will remain a central issue in coming days.
On Thursday, the Congressional Budget Office weighed in with a key -- if still very preliminary -- cost estimate. The latest bill is a mix of provisions from a bill the Senate passed last December and proposals made by President Obama recently.

• Health Reform government spedning has gone too far. The latest proposal will cost $940 billion over 10 years, a cost that will be fully paid for according to budget estimates. Also many people has to pay 2.35% on their wages.

G-20 Summit: 6 Countries in Recovery

The U.S. economy appears to be stabilizing after declining for four straight quarters, but the recovery has been tepid so far.Financial markets have shown signs of improvement, and interbank lending has largely returned to normal. Consumer spending is still shrinking due to ongoing job losses and difficult credit conditions, but it has been stabilizing over the past quarters. Furthermore, home sales and new home construction are beginning to make a long-awaited comeback. The massive $787.2 billion stimulus bill is also expected to give GDP a boost in the current quarter."The recession is very likely over at this point," Federal Reserve Chairman Ben Bernanke said last week. But he also added, "It's still going to feel like a very weak economy for some time."

• The G-20's six largest economies took a big hit during the global recession in the past year and a half. Challenges remain but most appear on the path to recovery. Since 2008, US GDP has rapidly gone downward for straight 4 quaters, but after quarter 1 in 2009, after US quarter 2 economy has made rebound.

Opportunity Cost

Opportunity cost is one of the most important factor in our life that effects us the most. You could do something else while you are reading my blog now, reading other books, watching movie, or playing games. Opportunity gives us important lesson that you should do things that benefits you the most. Like the cartoon on the top, the dog's owner is telling his dog that he could be earning $ 175 dollars if he' not walking with dog. So you have to choose what benefits you the most.

Scarcity

This cartoon is explaining about the importance of scarcity. We are living in society that has scarcity, no matter how many goods you have and stuff that you are willing to buy. At the end, it will come to the end, we will be run out of resources and at certain point, resources will be gone. The cartoon shows man who needs to polar ice cap to save himself from drowning, but he can't find any because of scarcity, the can produce any polar ice cap and provide so space for you spot.

China Economic Power Unsettles Neighbors

Chinese economy had dominated markets economy all around the world. This cartoon is explaining about how Chinese economy is far outstripping US economy and worldwide as shown in cartoon how they described Chinese economy as a big and strong guy, but US economy as old and weak guy. As days continues, power of Asian market economy keep rising around the world including South Korea, Japan, and many other Asian countries.

China's Economy Projected to Grow

CHINA'S economy is projected to grow 9.5 percent on an annual basis this year, the World Bank said yesterday, in a huge vote of confidence for the nation's fiscal policies.

It expects a shift in composition from government-led investment to a mixture of solid consumption, recovered exports and stable private spending.

With China's economy projected to grow yet again, consumers are going to have more money that they are going to be able to spend. The affect that it will have is an increase in the aggregate demand curve because there in more money in the economy. If in keeps at this pace they will soon be number one the GDP rankings.

I'm never going back to the job centre

Ansel Wallace from Wolverhampton will no longer be signing on.

He's 53 and has been unemployed for three months.

"They make you feel less than human at the job centre," he says.

"It's too stressful. They make you feel like a burden. They put up barriers so that once you're over 50 you're made permanently redundant. I'm never going back."

Mr Wallace is among the growing numbers of jobless over 50s who feel they are being let down by the system.

More and more of the 50 year old jobless workers are feeling once they get laid off they are not able to find a job. This puts a lot of stress on these people knowing that there is a good chance that you are not going to be able to find a job because of the amount of opening in that career.

Unemployment

This cartoon is showing what is happening to many college graduates. With the high unemployment rate that we have many of the students that are coming out of school are having a hard time finding a job. When you are not able to find a job you are adding to our countries employment rate whether you like it or not.

Federal Government Spending Soars

This has been an unforgettable year in the history of American spending.
It began with an eye-popping $800 billion stimulus bill that came from nowhere and went to nowhere. Done with that, the Washington Democrats turned to President Obama's health-care reform, which looked big at first, but turned out to be bigger. A well-publicized June estimate of the Senate bill's cost by the Congressional Budget Office put the 10-year price tag at $1.6 trillion. So $800 billion, then a trillion.

• Government spending is progressively reaching the point where people doesn't know how $800 billion stimulus bill that came from nowhere and no idea how money was went away. As you see it on the chart, Federal government spending and median income in inflation-adjusted dollars line has been skyrocking since 1970 from where we are now 2010.

Chevron Corp. says it will cut 2,000 jobs this year

Chevron Corp. says it will cut 2,000 jobs this year and will continue reducing its work force through 2011.
The nation's second largest oil producer revealed the cuts as it outlined corporate strategy and major capital projects Tuesday in a meeting with financial analysts in New York.

With Chevron cutting of another 2,000 jobs it is only helping the unemployment rate. While they have just cut 2,000 jobs they are going stopping there, they are planing on cutting more job through 2011.

Greece asks US to help crackdown on speculators

Greece asks US to help crackdown on speculators
George Papandreou: "It is time to put our house in order"
The Greek prime minister has called on the US to help crack down on the financial speculators he blames for exacerbating his country's debt woes.
George Papandreou said he wanted to see the US impose stricter regulations on hedge funds and currency traders.
The comments of the Greek prime minister came before he is due to meet US President Obama later on Tuesday.
Greece is continuing to pass austerity measures as it seeks to reduce its substantial budget deficit.
Its deficit currently stands at 12.7%, more than four times higher than the 3% limit set for the 16 European nations that share the euro.

Greece wants the US to crack down on the financial speculators because he blames the US for making their economy worse. Because their economy has gone down he wants us to enforce stricter rules to help them out of their troubles.