By: Blayne Sim
Japan's Prime Minister signed into affect a stimulus plan that will see the country spend $99 billion. Japan is the world's second-biggest economy, and is in it's deepest recession since World War II. The plan will help to finance laborers and create structural projects for workers to be employed for. The recent world economy slump has hit hard in Japan because people around the world are backing off of buying cars and gadgets, two products very important to Japan's economy. I think this is a good action by Japan. We saw Pres. Obama last week asking world powers to initiate stimulus plans in their own countries. Now we see something of the type starting to take place. This may also start to create new markets in Japan. They need to better diversify what they offer. With the slowdown in the auto and technology industries, Japan's markets have free-fallen. If they were better spread out and better diversified, this wouldn't be as big of an issue. This stimulus package is a step in the right direction. Now we need more of the international powers to begin to buy into the theory. Together is the only way the world can carry itself out of this reccession.
Showing posts with label By Blayne Sim. Show all posts
Showing posts with label By Blayne Sim. Show all posts
Monday, April 6, 2009
Friday, April 3, 2009
Somalian Pirates
By: Blayne Sim
Recently, a private yacht was hi-jacked by a group of Somali pirates. These pirates have been causing lots of problems over the last few months on the high seas. Because of Somalia's lack of a formal government, these pirates are sailing into international waters and taking whatever they can to hold for ransom. They have hi-jacked everything from multi-million dollar oil tankers to, in this case, private yachts. This issue can affect the global economy, for the cargo is coming from one country, and heading towards another. The supplies on the ships are used to create other products that are then being turned around and sold to other countries. These pirates need to be brought to a halt. Only the crew of the ship was on board at the time, but these pirates are still holding the ship for ransom. It is important for the world's powers to come together to bring them to justice. This is a situation that can affect the whole world. And if it isn't taken care of properly, it can have very negative outcomes as these attacks continue.
Recently, a private yacht was hi-jacked by a group of Somali pirates. These pirates have been causing lots of problems over the last few months on the high seas. Because of Somalia's lack of a formal government, these pirates are sailing into international waters and taking whatever they can to hold for ransom. They have hi-jacked everything from multi-million dollar oil tankers to, in this case, private yachts. This issue can affect the global economy, for the cargo is coming from one country, and heading towards another. The supplies on the ships are used to create other products that are then being turned around and sold to other countries. These pirates need to be brought to a halt. Only the crew of the ship was on board at the time, but these pirates are still holding the ship for ransom. It is important for the world's powers to come together to bring them to justice. This is a situation that can affect the whole world. And if it isn't taken care of properly, it can have very negative outcomes as these attacks continue.
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