User:

repair2

Date:

Oct 23, 2009 05:50

The government should focus its policies towards economic development on areas in which the federal government has some unique advantages. Federal policy should: (1) discourage financial subsidies to specific large firms by state and local governments; (2) expand the federal role in economic development services in which national action has some special advantages, such as developing information on foreign markets, encouraging large national banks to be more involved in economic development, supporting the development of the "Information Superhighway," and encouraging new technology development; (3) provide modest support for state and local efforts to increase business productivity through technology extension efforts and customized job training programs; (4) encourage more and higher quality evaluation of state and local economic development programs; (5) support experiments that link economic development efforts with hiring the disadvantaged; (6) relax federal regulations, such as regulations on the cleanup of older industrial sites, that impede local economic development.

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User:

Vivian. LSY

Date:

Oct 15, 2009 22:07

From the way I see it, the government as leaders of countries should be leading their countries to counter global warming, in fact I think they should be placing more stress on environmental issues than economy issues. I know economy is important to a country, since country's growth and development is dependent on how strong and steady their economy is. However, seeing as the economy is the selling, distribution and consumption of goods and the goods come from the Earth's resources we need the Earth to even have an economy. I mean, no Earth equals to no resources for goods and no goods equal to no economy.

So if you look at it this way, if the government is working to preserve the Earth, they are working towards sustaining the economy. As far as I can see it, it's a win win situation in the long run.

However, I can also see why no one is willing to take the initiative since there is no guarantee that others will pitch in, leaving them in the losing end as they will be possibly sacrificing their economy for it. Also a few countries trying to save the Earth is not going to work out if the rest are working towards destroying it. It's a redundant cycle really.

Still, I remember an advertisment from Animal Planet showing the Earth from outer space and saying, "It's not like we can go shopping somewhere else."

User:

kuddus987

Date:

Aug 28, 2009 05:23

Consumer spending — the economy’s lifeblood — was reported as “sluggish or slowing” in nearly all the Fed regions, although the government’s tax rebate checks spurred sales for some items, especially electronics. Sales at many other stores, particularly for housing-related goods, were typically characterized as “weak or falling,” however.

Looking ahead, “the outlook for retail activity was also generally downbeat,” the Fed report said.

Auto sales, meanwhile, were characterized as “almost uniformly weak” across all Fed regions. Sales were dismal for gas-guzzling SUVs, trucks and some minivans.

Wall Street, however, appeared unfazed by the Fed report. The Dow Jones industrials were up in afternoon trading.

On the manufacturing front, activity declined in many Fed regions. Production of housing-related goods, such as construction equipment, wood products, home furnishings and heating and cooling systems were particularly hard hit. On the positive side, though, overseas demand for U.S. exports remained “generally high.”

The drooping value of the U.S. dollar, which makes U.S.-made goods and services cheaper and more attractive to foreign buyers, has helped to boost export growth. That export growth has been a key force keeping the economy afloat.

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User:

kuddus987

Date:

Aug 28, 2009 05:17

The report “supports our notion that the Fed is firmly stuck on the horns” of a policy dilemma, said T.J. Marta, a fixed-income strategist at RBC Capital Markets.

Growth and inflation barometers turned worse in the summer, according to the Fed report. Some worry that the country may be headed for a bout of stagflation, that toxic combination of stagnant growth and stubborn inflation not seen in decades.

Bernanke has said, however, that he doesn’t believe the economy will suffer from stagflation. That said, the report is consistent with the economic assessment Bernanke gave to Congress last week.

“It was decidedly downbeat, “ Joel Naroff, president of Naroff Economic Advisors, said of the report. “The economy remains in trouble.”

Information from the Fed’s 12 regional banks around the country suggested that “the pace of economic activity slowed somewhat,” the Fed reported.

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User:

kuddus987

Date:

Aug 28, 2009 05:12

The country slogged through slower economic growth and rising prices during the summer, packing a double whammy to people and businesses alike.

The Fed’s new snapshot of business conditions, released Wednesday, also underscored the challenges confronting Federal Reserve Chairman Ben Bernanke and his colleagues as they try to get the economy back on track.

For now, many economists predict the Fed will probably leave a key interest rate alone when it meets next on Aug. 5 — given all the economic crosscurrents. Boosting rates to fend off inflation would hurt the fragile economy and the already crippled housing market. On the other hand, the Fed isn’t inclined to lower rates because that would aggravate inflation.

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