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The world just witnessed one of the worst financial crises the world has ever faced, and people do not want the same thing to happen again. The financial crisis affected not just the Third World countries but also nations like the U.S.A., the UK, and other big and powerful countries.
One of the many things that [...]
According to reports, shares of the internet giant America Online is falling as a result of the dwindling number of subscribers. Last year, AOL share was valued at $.78 while this year, during the same period, shares are down to $.32. Obviously, the company was over confident and did not plan on offering their subscriber [...]
Another country that is feeling the burden of ballooning debt is Greece. The current debt crisis that the country is in is being blamed on the derivative trading that Goldman Sachs made. According to experts, the said financial company tricked the Greeks to engage in currency swaps without the latter realizing that it will create [...]
President Barack Obama’s Administration is indeed having a tough time with the many economic problems. One solution that they came up with is the Recovery Act. According to a news report, there is an abundance of jobs, about 2.2 million created by the said program, fueling speculations that the economy finally is rebounding.
About [...]
