The super committee is given the job of identifying at least $1.5 trillion in deficit reductions. The committee is due to give its first report by Thanksgiving. With such a massive amount to cut from the budget in such a short timeframe, how is this [...]
Read More...News on the Economic Crisis and Advice on How To Move Through it
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Archive for August, 2011
Debt Super Committee and $1.5 Trillion in Cuts
By Vickie Jimenez on Wednesday, August 31st, 2011 | No Comments
IMF Chief Christine Lagarde Says “Action Now!”
By Vickie Jimenez on Tuesday, August 30th, 2011 | No Comments
On Saturday the International Monetary Fund (IMF) Managing Director Christine Lagarde stepped up to the plate and fearlessly spoke to leading economists from around the world. This was her first major public address since taking the helm of the IMF. Speaking at a conference where top officials gathered, Lagarde said, “The stakes are clear, we [...]
Read More...Can We Avoid a Double Dip Recession? Economic Update
By Vickie Jimenez on Monday, August 29th, 2011 | No Comments
If you have been on vacation and have not been reading the news, then it is time to get caught up on the global economic situation. The world economy has slowed way down and it is in worse shape than it was just a few short weeks ago when you left for vacation. Nobody wants [...]
Read More...Bernanke “I Have Tools to Stimulate Recovery”
By Vickie Jimenez on Saturday, August 27th, 2011 | No Comments
In a speech to central bankers, Federal Reserve Chairman Ben Bernanke said, “The central bank still has some tools to stimulate a recovery.” Of course there were no details of how that could be done. The economy is slower than forecasted however Bernanke said, “The recovery is likely to improve in the second half of [...]
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