March 24, 2009
layoffs
An ugly word. As long as layoffs continue, there is no long-term economical revival.
So, we are bailing the banks out... to the clang of $1 trillion. Corporate board of directors need to do their jobs in structuring how banking executives get paid. If you really want to be depressed... Point of reference, India's GDP crossed over the trillion mark in 2007.
Another article about China's economic power. We'll see if the Middle Kingdom has truly learned from its past. Lack of transparency and too much pride may slow its progress down.
Posted by azileretsis at March 24, 2009 08:03 PM
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