The world of rivalry in 2009

2009 is not really a special number to be remembered, but it promises to be an important year of our history. This year marks the change of the world order challenging through the financial crisis and the Green race. And it also promises to deliver an alternation in the US foreign policy aiming to fix [...]

Obama picks for the sake of reviving the economy, Paul Volcker

On Nov 26, 2008, president-elect Obama announced his result on his picks for the economy advisory, who would be by his side for the long-run economic recovery. Here come the old face of the old issue, depression and inflation, Paul Volcker the former chairman of Federal Reserve during the 1980s. This is the man who [...]

Change

Barack Obama has run a great campaign leading to the new New Deal of the 21st century. Thus, this “Wassup” commercial of him is even greater than all. Basically, it is about a group of college buddies usually “wassup” each other. That is the time Gorge W.Bush was elected. 8 years later, 2008, a soldier [...]

53,000 jobs cut by Citi Group

Another sign of the coming Great Depression 2.0, the New York based giant bank has recently cut 53,000 jobs to reduce expense. This is one of the massive cut of the Wall Street history. Last month, this company also eliminates 22,000 jobs for the same reason. These big lay-offs are aiming to reduce the peak [...]