– Picture from google ( the world’s major economies)

Global economy alarm bells ring

A global economic crisis has once again signaled its coming. Major economic countries such as America, the Eurozone, and China have all began to decline slowly. Particularly the manufacturers in Europe have reported that the market demand is lower than normal. And the latest statistics from China has also suggested that factory productions are lower than before. The stock prices are falling globally; therefore the investors around the world are also losing faith. Although the growth of the Chinese economy, which has just surpassed the Japanese economy earlier this year to become the second largest economy in the world, is not on the decline. The economic growth, however, is slowing down; and it is enough for economists to fear for as China is essentially a key factor in economic growth globally.

The economic policymakers of each major country should react quickly to make the appropriate policies in order to bring the economy back to normal. Whether it is to use fiscal policy to increase the government expenditure or it is to use monetary policy to affect the interest rate. I believe the primary objective would be to stabilize the economy first.

Article- http://money.cnn.com/2011/09/22/news/international/global_economy/index.htm

–          Picture from google.com

The death of a family member is always hard and painful on the family and close ones. They often need time to mourn over the loss in order to get over it. And this is the time they don’t want to receive calls from creditors pushing them to pay the debt that the deceased family member left behind. The article Debt after death: Banks chase down mourners mentions that family members technically don’t have the responsibility to pay for the debt that a deceased family member left.

Banks, however, usually like to mix things up and talk to you in a way that you feel responsible for paying it. Like Deborah Crabtree in the article, she received dozens of disturbing phone calls a day from the Bank of America telling her to pay the debt that her husband left behind; and the phone calls are coming in every 15 minutes until the debt is paid. I believe that such behavior is ethically wrong, banks don’t have the right to call and inform their clients, who recently lost family members, about the debt that is left in a way that they feel liable to pay.

Article: http://money.cnn.com/2011/09/01/pf/debt_death/index

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