Archive for the ‘Politics’
US unemployment at it’s highest rate since 1983
US unemployment is at it’s highest rate for 26 years now, with the number still yet to climb. With the economical crisis which is happening globally, the US economy has seen an increase of people being laid off, a rise of 8.1%, through out all major sectors, with only last month a huge lay off [...]
$138bn bail out agreed for Bank of America
The struggling Bank of America today was guaranteed funds to help then through the financial crisis. The Government had to step in today to help the Bank of America as they have seen losses that has never been recorded before. US government have put plans in to place today to allow up to $20 billion [...]
President Obama’s historic speech
One of the most historical speeches
In full
“I stand here today humbled by the task before us, grateful for the trust you have bestowed, mindful of the sacrifices borne by our ancestors. I thank President Bush for his service to our nation, as well as the generosity and cooperation he has shown throughout [...]
Alistair Darling would need £60bn to bail out Britain
Last month Alistair Darling chancellor of the exchequer, announced a massive bail out package the largest in Europe, to save the UK’s struggling economy. Experts say today that the money that has been injected to the economy a cool £20 billion in fact, would have to be three times this amount if you want [...]
Gordon Brown must cut fuel taxation!
People of the UK have been paying over the odds for fuel for years, when going to the pumps and fill up with unleaded petrol, you stand to pay the government 70% tax on top of that the fuel actually cost to make. With this being a developed country we pay a lot more then [...]
GM and Chrysler get their money, at what cost?
The bail out has come, but at what price will the two near from falling companies have to pay? President George Bush said this week that he didn’t want to put in place this bail out as he knew the car companies have been run poorly and squandered money away unnecessarily. He then said that [...]
Comments made by Gorden Brown on his last press conference of the year
Gorden Brown today made a speech today at number 10 downing street today to give the country a better out look for the future of Britain and the British economy. Words said to day would be the last comments from number 10’s monthly press conference this year and PM Brown says “I’m giving no thought [...]
Actions must be taken faster to save UK car industry
Just today in the US, President Bush pushed forward a bail out package to save the US car industry from collapse, and it would appear that this bill will be committed to save them.
The same couldn’t be said about the UK car industry with the government taking slow action to help the damaged industry, only [...]
$17.4bn rescue package for failing car companies
Last week the first initial bail out package for struggling US car companies was set in the region of $14 billion. The bill was never passed and many of the car companies were left scratching their heads, with fears that two of the largest car companies MG, and Chrysler would be forced to shut down [...]
EU to scrap overtime
The country is seeing one of it’s worst financial break down for generations, and many families in the UK are struggling to survive in this heated financial climate. Unemployment in this country is reaching the region of 2 million, and could see it reach 3 million by the end of next year top economist say, [...]
