http://www.bbc.co.uk/news/business-26223387
With the economic environment not looking so hot in Japan, banks have stepped in to help out. The plan is to allow more loans to be processed at larger amounts, and with lower interest rates. This is supposed to increase money in circulation by giving money to spenders. In order for the program to work, the people receiving the loans will need to pump that money back into the economy through spending. The banks are taking on an active stance on pushing for a better economic status in Japan. In other countries, we see the government taking that place to get the economy stimulated again. Only time will tell if the program is a success of failure. If it fails, someone else will come up with another stimulus plan and try again.
Wednesday, February 19, 2014
Monday, February 10, 2014
German President goes to trail
http://www.bbc.co.uk/news/world-europe-24933329
This article is from November. The ex-President of Germany, Christian Wulff, had to go to trial for accepting gifts. Mr. Wulff had allowed a film producer to pay for his hotel rooms on multiple occasions. This was seen as an act of corruption, since the President had used his power to benefit the producer he received the gifts from. When people think of corruption, they think about politicians receiving large bags of cash, but the reality is that there are many forms of corruption and many was to corrupt people. The gifts are part of what is called a quid pro quo. This basically is a favor for a favor. If people can influence officials for their own benefit, it defeats the system in place. The official will no longer act in the interest of the masses, and instead act in favor of a few individuals.
The trial is said to be the first time a German president was put on trial since Admiral Karl Doenitz. Admiral Doenitz was Adolf Hitler's successor who was put on trial for war crimes. Doenitz was eventually convicted. Many officials believe that Wulff and his family have suffered enough, that his resignation is enough, and that the trial is unnecessary.
This article is from November. The ex-President of Germany, Christian Wulff, had to go to trial for accepting gifts. Mr. Wulff had allowed a film producer to pay for his hotel rooms on multiple occasions. This was seen as an act of corruption, since the President had used his power to benefit the producer he received the gifts from. When people think of corruption, they think about politicians receiving large bags of cash, but the reality is that there are many forms of corruption and many was to corrupt people. The gifts are part of what is called a quid pro quo. This basically is a favor for a favor. If people can influence officials for their own benefit, it defeats the system in place. The official will no longer act in the interest of the masses, and instead act in favor of a few individuals.
The trial is said to be the first time a German president was put on trial since Admiral Karl Doenitz. Admiral Doenitz was Adolf Hitler's successor who was put on trial for war crimes. Doenitz was eventually convicted. Many officials believe that Wulff and his family have suffered enough, that his resignation is enough, and that the trial is unnecessary.
Monday, February 3, 2014
France's economy
http://www.bbc.co.uk/news/business-25402881
The article I found is from December, but covers an important topic the book brings up. The book Countries and Concepts talks about how unemployment is a huge issue in France (as is the rest of the world). This is something to pay attention to as it effects the global economy and puts a lot of pressure on the French government.
The article tells that the latest purchasing managers' index from Markit, shows that France's figures are falling. The numbers are falling so much, that people are starting to worry that France may be back in recession. Sources say that part of the reason the numbers are so low is the high unemployment rate, which stands at 11%. Of course there are other countries that are worse of, but when compared to neighboring countries like Germany, France is not doing so well.
The article I found is from December, but covers an important topic the book brings up. The book Countries and Concepts talks about how unemployment is a huge issue in France (as is the rest of the world). This is something to pay attention to as it effects the global economy and puts a lot of pressure on the French government.
The article tells that the latest purchasing managers' index from Markit, shows that France's figures are falling. The numbers are falling so much, that people are starting to worry that France may be back in recession. Sources say that part of the reason the numbers are so low is the high unemployment rate, which stands at 11%. Of course there are other countries that are worse of, but when compared to neighboring countries like Germany, France is not doing so well.
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