Washington (VOA) — Demand for U.S. manufactured goods is up, while sales of existing American homes is down. The latest batch of mixed economic news comes amid word of record-low job satisfaction in the U.S. workforce.
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New Delhi (VOA) — Most South Asian economies are recovering from the global financial crisis, and starting to register brisk growth. The recovery has been especially swift in India, the region’s biggest and fastest growing economy.
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Washington (VOA) — New economic data shows the U.S. economy grew more slowly than first thought. The US Commerce Department reports the nation’s gross domestic product (GDP) expanded at a 2.2 percent annual rate from July to September, down from an earlier estimate of 2.8 percent. Despite the downgrade, other indicators suggest a strong showing in the fourth quarter. But some economists say an economic turnaround is not a sure thing.
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Washington (VOA) — Owning your home was once part of the American dream. But that dream has faded because of the economic recession in the United States. Millions of Americans have been unable to pay the mortgage on their houses and have had to leave them. Without a home of their own, many people are now renting, but this also can be difficult financially.
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Common sense is the only true promoter of mankind and yet how few of our present generation strive to obtain the knowledge.
Our boys and girls may have had their proper beginning at school, in due time successfully passed the usual graduation exercises, and some more may have received a costly course at college, yet those having been deprived of the most important instruction stand before the world as helpless as in their beginning.
To learn to work is the foundation in constructing the knowledge of common sense.
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It is a question not so important how to save, as how to promote the growth of your savings.
It is sometimes an easy matter to know how to make money, but knowing how to keep it and especially how to place it where it will earn the most, consistent with its safe keeping, is a matter that needs careful consideration.
How many a hard-earned dollar finds its way into some visionary scheme; is invested in some fictitious, widely advertised enterprise, with agents on every hand offering glaring profits.
Beware of such financiering. Did you ever hear any of our old successful financiers diverting their idle surplus into those investments where almost unlimited profits are assured?
It is the young man and young woman of today, with a practical education, who will adorn our best homes of the future.
It is the manager and the financier who is the practical one.
It is the young man with good habits who has a bank account, who shows evidence of becoming a financier.
It is the young woman who trains herself with the duties of home-work, that will become a manager.
It is the observing, the prudent, who will be the practical one.
The several short articles herein contained were first written and published twenty-five years ago as an expression of the writer’s convictions.
Having come to the conclusion that conditions, in many respects, have not improved—in fact have become more alarming; and in consequence the future outlook in these most strenuous and extravagant times more uncertain, the writer was prompted to incorporate these ideals in a booklet and dedicate the same to his younger friends.
G. A. BAUMAN,
Quincy, Illinois.
"The U.S. economy and the world economy are now growing again," says U.S. Treasury Secretary Timothy Geithner.
Washington (VOA) — Economists are forecasting a rosier 2010 for global finances than this year has been. But they warn that the economic recovery remains fragile and will not be led by the world’s advanced industrialized nations.
2009 began with a sinking global economy paralyzed by a worldwide credit crunch, stung by a cascading failure of banks and financial institutions, and undermined by panic and pessimism on the part of consumers and investors from Wall Street to Tokyo. Central banks and governments fought back with massive cash injections, financial rescue packages and stimulus programs, but success in containing the crisis was far from assured.
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