Archive for juni, 2009
Why are commodity prices rising?
I thought we were in a crisis!
Just today I read that the commodity prices are rising for instance the prices on oil, copper and nickel have gone up. This makes me wonder, because logicly the prices on especially oil ought to fall. I mean we are in the middel of a financial crisis and the last thing that ought to happen it rising oil prices.
The price on oil influences most commodity prices
We know for sure that most prices go up when the oil becomes more expensive. Stuff such as grocceries; fruit, soap, bread and meat become more expensive to carry around the wold, which makes to prices go up. read more aboute how positive new on the financial situaiton generates a bad financial situation here
Alabama-county close to bankruptcy
Jefferson county in stormy weather
Who would ever have thought that a county could go bankruptcy? When I first heard aboute this, I for one wrinkled my eyebrows. Lately the politicians of Jefferson county got the word of the states highest court, that taxation on bussines and realestate were illegal.
Beat the bottom out of the public budgets
The money that the county now will not be able to collect in taxes are causing big problems. The politicians have been neccessary to make drastic cutbacks for 52 million dollard. The case has been appealed to a national court, but while waiting cutbacks are hitting the weak in society. read more aboute Jefferson county’s financial situation here
Has job losses topped?
New job numbers
Today new numbers got out and it appears that the job situation is not as terrible as first expected – but still – it is no walk in the park either. In May less people lost their jobs than first expected. This development has made the european indexes go up. The German DAX rose more than 1 percent after the news.
The cold facts
Though the unemployment rate rose up to 9,4 percent in May, which is the highest since august 1983, it is nat all bad. Experts has expected that the number of unemployed people would rise to 525.000. But instead only 345.000 people lost their jobs in may. read more aboute the development in unemployment in the US here