“Federal Reserve policy makers said last Wednesday that the recession appeared to be hitting bottom. Among the end-is-near indicators was consumer spending, which they said had begun to stabilize.”
-NYT 16/09/09
Quite right.As joblessness increases or at least not showing signs of decreasing,spending will be less-less demand.At the same time, stimulating the economy with out clearly identifying the area for spending shall fuel inflation,for example spending on non essential goods.It is also also pertinent to note that spending anticipated income based on present needs or expenses, mostly avoidable, must be curbed.In other words, plastic money culture must slowly give way to good old system of spending ‘what you have less savings’. Unless this fundamental concept is adhered to, inflation shall lead to deflation and deflation to inflation, the cycle shall continue.High incentive for savings shall go a long way in bailing out economy.
Category: News
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China appears to retreat?
“The Chinese government dropped explosive espionage charges against executives of a foreign mining giant, the Anglo-Australian Rio Tinto, after a global corporate outcry. And on Thursday, the government said it had backed off another contentious plan to install censorship software on all new computers sold here.”
NYT 13/09/09There is always a sting and a string attached to whatever China does.China is not backing down, but waiting to pounce at an opportune moment.Though unpublished, the current China economic boom is not as much as it wants the world to believe in.At least in countries like US,Economy is open for every one to see and comment;unemployment is being critically discussed.In China except the Statisticians and the top echelons of the Central Comitte, no body knows anything about what exactly is taking place.When there is a protest due to cut back in jobs, it is labelled as rioting among ethnics and suppressed.China is back tracking because it needs West much more than West needs it.Time the West realizes that and apply economic pressure to bring China to acceptable form of behavior,political,human rights and economic.
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Health Care- US.
One thing is sure .US Government is subtle in promoting Big business. In India, it is done quite openly and brazenly.In Tamil Nadu,A state in India,the State Government arbitrarily deducted premium for personal health care from govt.employees for a multinational insurance company.Federal Govt. openly sold Spectrum band licences for about Rs 2000 crores which could have fetched Rs.60,000 crores, other wise.(Rs 50=1$).This is just a tip.Be happy in America, for there seems to be atleast some subtlety.None can save us from the politicians or from big businesses.
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Managing Water Resources.
Better irrigation techniques,including drip irrigation system developed by Israel has to be adopted.
Major area of concern is the high rise apartments in urban areas where they use water in enormous quantity( where there was one house previously has, now more than 48 to 50 house holds).They drill even 200 feet in metros to get water, as water table has gone down.This has to be checked.
Granting permission for multinational soft drinks companies has also contributed for water level being depleted.To augment ground water resources, rain water harvesting has to be encouraged,tanks in every village must be destilted and cleaned,delta regions of rivers must be deepened,sand quarrying from riverbeds must be checked.
Check dams need to be built to preserve water from rivers, as the water goes awaste into the sea.
For drinking water in metros where ever feasible ocean water must be made potable by reverse osmosis process.
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