In the News (from BBC NEWS): “Obama calls for G20 joint action” US President Barack Obama has said that countries must take concerted action to spur global economic growth. “We are in this together,” he said.
My Comment: This implies that the crisis unites everyone, and therefore everyone must accept it and apply the same anti-crisis program. That’s a new interpretation of a “concerted action”!
In the News (from The Herald Tribune): “Unemployment in U.S. hits 25-year high” The contraction under way reflects a fundamental restructuring of the U.S. economy. In crucial industries – particularly manufacturing, financial services and retail – many companies have opted to abandon whole areas of business.
My Comment: The world is being reformed into a global world whether we want it or not. The real question is whether we’ll find our place in this new world.
Laitman.com Post: Obama Urges Americans Not To Stuff Money In Their Mattresses
Laitman.com Post: The Failure of Obama’s Stimulus Plan Is Another Reminder That We Are All In One Boat
Laitman.com Post: Will the G20 Summit Prove Useful?