Topic: Financial Crisis
The White House suggests that the financial crisis is one of the main dilemmas the U.S. economy is facing today; therefore Obama will announce his point of view on the current situation on the 9th of November.
Obama talked about the importance of increasing taxes, cuts as well as the replacing of white house. He offered a call for a call for reconciliation after a divisive campaign. But he made clear he had an agenda in mind, citing a need for changes in the tax code as well as immigration reform and climate change.
The White House believes Mr. Obama has a clear mandate on one key issue: raising taxes on families earning more than 250,000 dollars (£157,000) a year.
However, Obama’s list of promises to keep includes many holdovers he was unable to deliver on in his first term, such as rolling back tax cuts for upper-income people, overhauling immigration policy and reducing federal deficits.
Topic: poverty in canada (chapter 15, page 339)
In Canada, poverty still exists. But ending the poverty in Canada is foreseeable. Government plays a huge role on this poverty reduction plan.
More than 3.5 million people in Canada are living in poverty and it’s growing for youth, workers, young families, immigrants and people of color in this country.
Youth in Canada is facing the poverty heavily. 1/10 child’s needs are not being met. ¼ child grows up in poverty. Recent years, Canadian government has failed to take action to change this status.
Everybody believes that Canada is the richest country on the world. However the reality above proves that Canadian government should take precautions against the poverty.
Government’s plan to reduce the poverty in Canada – consult the people who are living in poverty and spread the consultation to everywhere in Canada. In terms of the consequences of the consultation, the government should adopt an action to against the reasons, which are causing the poverty and every Canadian has a responsibility to help the reduction-poverty-plan in Canada.
Canada as the richest country on the world, is still suffering the poverty. Especially the children in Canada are the poorest victims and there are many factors, which are causing it. However, ending the poverty in Canada is an achievable goal.
Morgan Stanleyis an American multinational financial services corporation headquartered in the Morgan Stanley Building, Midtown Manhattan, New York city. Morgan Stanley operates in 42 countries, and has more than 1300 offices and 60,000 employees. The company reports US$304 billion in assets under management or supervision. Since it’s founding in 1935, Morgan Stanley and its people have helped redefine the meaning of financial services. The firm has continually broken new ground in advising our clients on strategic transactions, in pioneering the global expansion of finance and capital markets, and in providing new opportunities for individual and institutional investors.
NEW YORK, April 19, 2012 – Morgan Stanley had entered its worst economic period since the Great Depression, it is essential that it develop a broad understanding of the many factors that contributed to the company’s financial crisis. Morgan Stanley earnings rebounded strongly in the third quarter as skittish clients returned to doing business with the company. For much of the year, Morgan Stanley lived under the threat of a big, three-notch rating downgrade by Moody’s investor’s services. Ratings downgrades are bad news for any company, particularly financial institutions that depend on the confidence of their creditors and the companies they trade with. The bank actually posted a loss of $1.01 billion, or 55 cents a share, in the quarter because it incurred a $2.3 billion charge on the perceived improvement in its debt — an accounting-related cost that indicated greater public confidence in the stability of the bank. Morgan Stanley produced adjusted net revenue of $7.6 billion, or $5.3 billion when excluding the one-time charge.
Morgan Stanley has been making a big push into wealth management, a low-risk business that tends to produce steady returns. Last month, Morgan Stanley reached a deal to buy out Citigroup’s share of Morgan Stanley Smith Barney, which had been a joint venture.
Topic: The Unemployment Rate (chapter 9, page 203)
The unemployment rate increased in half of the U.S. states last month, the most recent proof is that hiring is still indifferent throughout the country.
According to the associated press “The Labor Department said Friday that rates increased in 26 states. They fell in 12 states and were unchanged in the other 12.”
Moreover unemployment increased in 7 of the 11 major states that the elections are held in. only 96,000 jobs were added in August, in July 141,000 and in January to march around 226,000 jobs were added.
For example in Michigan unemployment increased to 9.4 from 9%. In Nevada it increased from 12.1% as well.
Unemployment percentages also increased in five other states where both Obama and Romney are holding campaigns these include: “Wisconsin, Pennsylvania, North Carolina, New Hampshire, and Iowa.
States grand electoral votes have faced major unemployment issues as well these include: Florida, Virginia and Ohio.
Florida for example had an 8.8 % of high unemployment; moreover it was one of the states that received the highest new jobs added of around 23,200.
Unlike Ohio and Virginia which both had lower unemployment rates of 7.2 and 5.9%. They were below the U.S. average of unemployment, according to the article so did the rates in “in Iowa (5.5 percent), New Hampshire (5.7 percent) and Wisconsin (7.5 percent).”
The unemployment rate represents the fraction of the labor force that is unemployed. It is published monthly in the government’s employment report covers also information on payroll jobs, employment, average workweek, average hourly earnings. It increases or falls following a change in economy activity.The unemployment rate is considered a lagging indicator, confirming but not foreshadowing long-term market trends.
enjoybeingmuslim asked: Asslamualykum my dear sis thx for following :D
Waalaykum assalam, you’re welcome! And happy Ramadan! ^_~