As a result of the global financial crisis there has been a lot of discussion about the stability of the US dollar. Both investors and international agencies have openly addressed their concerns for this issue in the media. Many state that the consistent accumulation of US national debt could have negative implications on the US [...]
Monthly Archives: January 2010
Realities of Partisan Politics
Public outrage over the recent bonus payments to investment bankers has resulted in another predictable battle between Main and Wall Street. With a president who advocates social equity, it is no surprise that Barack Obama has proposed a “Financial Crisis Responsibility Fee,” or if one sits on the other side of the table, a “revenge [...]
Posted on January 29, 2010 – 11:33 AM
Global Fortunes As The Mighty Greenback Declines
The accelerated decline in recent months of the greenback has been seen as a necessary ingredient in the search to create a post-crisis economy that is less prone to financial catastrophe. It has forced countries such as Canada, Japan and the European Union to diversify their trades, which could potentially lead to a stronger, wealthier [...]
Posted on January 18, 2010 – 9:44 PM
Bailing Out the Banks
The American banking system needed federal stimulus funding more than any other industry. The Wall Street banks were operating on little capital reserves and had severely exposed themselves to the mortgage crisis. The American government along with the Federal Reserve pushed through a $700 billion stimulus package for the banks and other companies directly involved. [...]
Posted on January 18, 2010 – 5:27 PM
Chrome OS: Google’s Bet on Cloud Computing
On November 19th 2009, Google demonstrated its new operating system entitled “Chrome OS”. The demonstration was made on a prototype Chrome netbook, running software released to open source developers on the same date. Sundar Pichai, VP in charge of Chrome OS development, emphasized that the final release would contain similar elements as the demonstration [...]
Posted on January 12, 2010 – 6:09 PM
Citigroup, More Than Enough to go Around.
Not too long ago, financial giant Citigroup, (NYSE:C) stated the company intended on fully divesting from the support it received by both the Troubled Asset Relief Program and the US Government. The plan included an issuance of $20 billion in common stock, followed by the Federal government selling the 34% stake it currently holds in [...]