Tag Archives : deficit

After the BRIC (Brazil, Russia, India and China), which is a reference to those emerging economies which will have a global influence even bigger in the next decades, it’s time for a new acronym, much more “offensive”. PIGS is a new acronym that has emerged to describe the delicate situation that the European Union is going through. (PIGS = Portugal, [...]

Thousands of U.S troops in Iraq may soon be heading home. U.S President Barack Obama plans to withdraw troops from Iraq by August 2010. Troops can heave a sign of relieve and their families can live up to their hopes. Reports suggest that out of the 142, 000 U.S troops in Iraq, approximately 50, 000 will be stationed in Iraq till 2011. The rest will [...]

After buying out more than $1 trillion in American debt, China has lost interest in buying some more. The country has decided to just keep its cash at home. This may be a disappointment for the Obama administration that aims to finance an $800 billion economic stimulus package for the US economy. For the US fiscal outlook where, according to Obama, [...]