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The facts are that the underlying and axiomatic problems are still present in the global economy. First and foremost, we have America? account deficit,casque beats, which is increasing by the second. The cost of the war is certainly adding to this burden and is currently hovering at approximately $20 billion dollars. Some experts say that this cost could reach up to $95 billion dollars. We, inevitably, will have to pick up the majority of this bill.
The rewarding of high compensation packages to top executives who turned over weak quarterly earnings, or who were involved in corporate scandals,ralph lauren pas cher, adversely affected short-term investing, and collectively contributed to the downturn of the global economy over the last couple of years. Even the help and expertise of Federal Reserve Chairman Alan Greenspan and several notable Nobel Prize winning economists in the President? Council of Economic Advisers,polo ralph lauren, wasn? enough to revive the economy. September 11 then turned our attention towards terrorist threats against the markets.
Carlos T. Fernandez is the business columnist for Dominican Times Magazine,louboutin pas cher, a publication that focuses on the hispanic culture and the issues affecting its communities. He is also the publisher of a popular financial planning and management website entitled Building Wealth (
The United States?Gross Domestic Product (GDP) is also not in good shape. It has trickled down to an annual GDP growth that is expected to reach only 3.1% and both France and Germany have recently downgraded their annual GDP growth forecasts to 2.4% and 2.0% respectively. Moreover, the "uncertainty factor" as I like to call it,louboutin, most likely will keep businesses and consumers cutting back on expenditures for the remainder of 2003.
Many,casque beats by dre, including the Bush administration, believed that a short war was the answer to both of these enormous problems. That is, if done quickly,christian louboutin, a war would induce an increase in government spending that will be injected into the economy and a multiplier effect will, in turn, create jobs for the unemployed. But now that it? over and coalition forces have taken control of Iraq,ralph lauren, should we expect to return to business as usual? Unfortunately,abercrombie, this is easier said than done.
Fortunately, there are some signs that the economy is beginning to recover. A report that was recently released by the U.S. Department of Commerce showed a rise of over 2% in retail sales for the month of March and a slight rebound in consumer confidence. Also, the national unemployment rate, which was released by the Bureau of Labor Statistics,beats by dre, remained unchanged at 5.8% for March 2003. While the majority consensus is that the economy will eventually recover, it is apparent that this will definitely take more time and effort than what most people had originally predicted.
相关的主题文章： Defense Minister Juan Carlos Pinzon said the hostages were shot - three in the head and one in the back. Among them was the longest-held captive, Sergeant Major Jose Libio Martinez, who was seized by the rebels almost 14 years ago. A fifth hostage ran into the woods and was rescued by soldiers. Human Rights Watch said in a statement Monday the killings constitute a war crime, and show the guerrilla group's "blatant disregard for human life." A funeral for the four men was held Tuesday at the national cathedral in the capital, Bogota.
