California, the most populous U.S. state - if it were a separate country, it would among the 10 largest economies in the world - is being hit hard by the global economic crisis which was sparked by the U.S. housing crisis - partly rooted in Californian suburbs - and in addition, the “Golden State” is now [...]
U.S. President Barack Obama’s address to Congress on Tuesday marks the beginning of a new era and is a clear break with the past. Unfortunately I was not able to watch his speech live on February 24th because I was traveling a lot this week. However, I watched it on the Internet yesterday evening and [...]
China has become a country with an apparently insatiable appetite for energy. Although China’s economy is slowing as the global meltdown crushes demand for Chinese goods, Chinese energy companies are busy importing ever more oil and coal and other commodities. Dependence on oil imports from politically unstable nations not only poses a threat to the U.S. [...]
Who’s to blame for the current economic crisis and anything else which is in a mess right now?
Exactly! Corrupt bank managers, investment bankers and generally all the people who are involved in finance. That’s a growing sentiment supported by politicians who prefer calling greedy CEOs responsible for all the mess to working out solutions in [...]
The world has resources that are limited such as oil, coal, gold, silver, silicon, iron ore, and resources that are unlimited such as sunlight, wind, geothermic power and water. Especially water appears to be abundant with more than two thirds of the earth’s surface covered with it. The problem, however, is that only 0.65% of [...]
