Featured Topic - Global Economy

This week's featured topic is the Global Economy, a topic we will explore with partners Link TV and Northeastern University School of Journalism and professor Dan Kennedy . The rising prices of wheat, rice and other commodities are impacting people around the world in complex and different ways. While higher food prices help poor farmers, they also hurt poor city-dwellers and rural folk, who must buy food to survive. How are news providers reporting on the causes and effects of this growing crisis? Help us find good journalism on this topic -- and review our recommended stories on the Global Economy.

It's funny how our economies are increasingly linked in this global village. For two years I lived in Greenpoint Brooklyn, which has the highest diaspora of Polish people outside of Poland itself. When I first moved there I even had trouble finding a newspaper in English. But I loved my little corner of Brooklyn, especially the 99-cent stores. When I first moved to the area there were eight 99-cent stores along a six block stretch of Manhattan Ave.

It was a well known area in Brooklyn to go for deals. At least, it was. Slowly I began to notice going out of business sales. I was particularly saddened by this because the 99-cent stores, which seemed to be the hardest hit, were disappearing the fastest from the oncoming gentrification.

I decided to do a local story on it: "Death of a 99-cent store" and while looking into the close of my favorite local 99-cent store I was told that a large factor was that Poland had been brought into the EU. The price of the Polish goods that stocked the 99-cent stores was rising fast. The Polish juices, cereals and candies that had previously been the life blood of their business was starting to become infeasible.

It was a lesson for me. I hadn't stopped to think about how the ebb and flow of economies around the world can influence people outside of Wall Street. But that's exactly what this week's topic is about.

Starting on Monday you'll be able to find thoughtful journalism like this Mosaic Intelligence Report on The War of Bread in Egypt from Link TV which you can review here, or food for thought, regarding what we eat and how it's paid from the Economist, or King corn takes a hit from Salon.

The global economy is a living breathing thing. The second we don't respect it is when it will jump up and bite us. Together we can keep abreast on the economy and where it's heading. So join us this week to find the best content on the Global Economy.

Comments

[Payday Loan Advocate]

Mortgage lending played a big part in our current economic crisis, which has been a significant topic that is disturbing the standards and values of America. Conversely, this problem does not target the American people alone, but has navigated to other parts of the world. The International Herald Tribune explicates the worldwide credit crunch that is happening in Europe as well. Small businesses like Dominique Boudier’s printing company, outside of Paris, generally depend upon credit with its suppliers in order to maintain the functioning of the company, and her creditors are cutting back their offerings by half. This was approved by the suppliers’ credit insurance companies. Like many others, Boudier’s business needs added cash flow to make up for their major fallbacks, considering a typical 60-day lag time in which clients pay. The future of her company appears shackled without the assistance of her own bank. Her bank, like many other banks across Europe, began to put their money to sleep instead of investing it back into other banks or the economy in general. When the banks began to fall short and liquidity was disrupted, the credit began to dry up. More or less, the European Central Bank is quite similar to America’s Federal Reserve Bank. They utilize a method which is based on the ability to create as much fiat money as necessary. Fiat-money currency, which in fact is credit money, loses value once the government refuses to further guarantee its value. We see this in high inflation rates as the world’s credit crumble. People believe stronger private banking systems that make responsible decisions can solve this problem. Until then, payday advance loans will surely be manageably obtainable for consumers who need immediate short-term help and can no longer depend on a faltering central banking system.

Post Courtesy of Personal Money Store
Professional Blogging Team
Feed Back: 1-866-641-3406
Home: http://personalmoneystore.com/NoFaxPaydayLoans.html
Blog: http://personalmoneystore.com/moneyblog/