Look at the financial crisis at a time when national security

Crisis, a crisis of this, he's the opportunity. What is your enemy in a certain time of weak attack. The Mumbai Taj Mahal Hotel, with more than 100-year-old is India's most nationalistic one of the symbolic building. In 1903, Tata family built the hotel, is to resist the Mumbai hotel was the best of "white supremacy" policy of discrimination. Shu Liao, the end of the colonial status of India in half a century after the Anglo-American business in general has become the target of attack. Mumbai to visit the Fortune 500 company CEO's more than staying at the Taj Mahal hotel. Here are this city's most expensive restaurants and nightclubs, overlooking the Arabian Sea. The only available alternative is to choose the Oberoi Hotel. And this week, three-night about 9:30, just in the two high-end hotels have taken place in terrorist attacks. As of Friday during the day, including the police, about 119 people were killed, 288 people were injured, at least 6 foreigners killed, including Australia, Britain, Japan and Italy each one. It is reported that the two terrorists on the landmark five-star hotels of the attacks targeted foreigners, especially the U.S. and British passport holders. Of Mumbai, has become a target of terrorist attacks is not the first time. In March 1993, 13 organized 257 people were killed in an explosion caused. In March 2003, along with the train bombings killing 11 people. In the same year in August, two car bomb explosions killed at least 52 people were killed. The most recent was in July 2006, the railway different locations on the outskirts of 7 bomb blast led to the 200 people killed. However, the impact of these attacks and the consequences can not be compared with this time. Pessimistically, this incident will be suspended as an international financial center Mumbai in the process. In recent years, Wall Street's big brothers have been optimistic about Mumbai as South Asia, of course, the financial center. Expanding their operations in Mumbai, to strengthen control. Morgan Stanley spent only on the acquisition of 425,000,000 U.S. dollars in its local joint venture partner JM Financial Ltd.. Hao Shizhe in both India and China will be the dragon as competitive analysis, because of their human capital Mumbai and IT services sector's competitiveness in the financial services sector in the development of unique natural advantages. Mumbai and even good people can expect in the near future with the Hong Kong and Singapore rivals. Shots together, all empty into. Was before the attacks, Mumbai has been dragged down by the global financial crisis, Citigroup's headquarters in Mumbai several investment banking and corporate lending, the bank will be laid off. Mumbai's financial district real estate intermediary business to a halt. According to a particular data brokers, in October this year, housing sales and rental prices were lower than the same period last year, a decrease of 20%. According to the Hotel Association of India, Mumbai, on both 9, 10, the average hotel occupancy rate of 60% or less, as the financial industry to do business hotel occupancy rate fell most dramatically. In dollar terms, the Bombay Sensex stock index since January 8 this year has dropped by 66%, the Stock Exchange that is located in the attacks. This incident, in India there is no business of multinational companies can not occur frequently in the business of the place, causing injuries to life and business people worried about terrorist attacks, tourism has become the ones to suffer the fish in the moat. It is reported that the day Thursday, many of the major multinational companies in Mumbai is an inventory of staff. Microsoft recommends that employees work at home. Disney canceled or simply postponed to Mumbai and other parts of India's official travel, the closure of the Mumbai office, asked nearly 200 local employees not to go downtown, as far as possible and stay with their families. Japanese companies in Mumbai have also taken similar measures. After the attack, booming stock market, bond and foreign exchange, money markets and commodity markets closed. Let the terrorists in the Mumbai hotel the best run, the international community to question the Indian government control of national security. Jiu Yu and participate in the South Asian Association for some of the great powers even more rare to find a pretext. After the attack, in addition to the U.S. State Department spokesman strongly condemned, but also lost no time in the "India stands ready to lend a helping hand." U.S. ties to Pakistan's recent words and deeds, geo-political atmosphere in South Asia. More troublesome is that security issues will be inhibitors, so that those optimistic about re-examine Mumbai's weak infrastructure. In the past, over a hundred Jun ugly now may be the other way around. Spread affected the entire Indian economy is also expected to be re-estimates. The current situation, India's economy to maintain double-digit growth rate is very difficult. Due to weak public finances, or next year's economic growth rate fell to 5%. At this point, if we consider safe, including a combination of factors, all of a sudden withdrawal of external funding, FDI (foreign direct investment) for the break. India's expanding current account deficit will hit big trouble. TV reporter photographed on the beach near the hotel several yellow and white rubber boats, the police said the attackers are rubber boats means of transport. Quietly in the night close to the goal of the ship reminds me of the "sea wolves." Only this time the surprise attack is a developing country's national security and economic security.

Financial crisis has evolved into economic crisis

World Bank President Robert Zoellick in Paris yesterday warned that the current financial crisis has evolved into economic crisis. He said that in the next few months will lead to a crisis of unemployment and lead to the deterioration of the supply of food and energy. This argument was sparked widespread concern, the Shanghai Academy of Social Sciences, Fudan University and an expert in a morning interview, Zoellick agree with the basic point of view, and stressed the need to adhere to China to open domestic demand. Or the greatest harm to developing countries Zoellick, "the financial crisis has been transformed into economic crisis," the warning is deafening. He stressed that once the crisis which followed, developing countries may harm the poor the most. Zoellick said that in order to cope with the crisis, the World Bank is facing a great challenge. Recently, the World Bank announced that it would also increase financial support for developing countries, including the next three years a substantial increase in the amount of loans the World Bank to speed up the long-term interest-free loans and grants part of the process as well as the construction of the four funds. Prior to the G20 finance summit, Zoellick also expressed the hope that the countries to focus on issues of global financial and economic crisis. The World Bank recently lowered again for next year's economic growth forecast. Developed countries is expected to next year's economy will shrink 0.1 percent, while the world economic growth could only barely reached 1%. Shanghai Academy of Social Sciences Institute of the economy Liu Huang-Song of the view that the United States, Japan, Europe, and other countries and regions in the real economy has been hit by financial crises. The U.S. unemployment rate continued to rise, the rate of decline in oil prices beyond imagination, from a technical point of view has entered a recession. Shanghai Academy of Social Sciences Institute of Economic Research weigh that, in accordance with the current U.S. economic situation, has been transformed into economic crisis. The automotive industry, or "unemployed" fuse Zoellick on the unemployment crisis in the warnings and predictions of experts that the current financial crisis, have shown a shift of the economic crisis of the typical characteristics of the first to bear the brunt of the U.S. automobile industry. Fudan University China Center for Economic Research, Sun Lijian (blog) pointed out that the three major U.S. auto companies have been "at risk" on the verge of closure risks, which are very long line of business failures will lead to an instant tens of thousands of people unemployed, the "unemployment crisis "No it is not possible. Zoellick and the food and energy to judge the deterioration of the situation, relevant experts believe that the World Bank have more detailed and accurate statistics on the number, based on this basis, made by the judge may not "alarmist." Sun Lijian noted that the drop in oil prices, demand can not be increased in order to guarantee profits, has begun to reduce the current OPEC oil supply in order to guarantee profits. China should adhere to open the domestic demand Sun Lijian that the current face of the deteriorating external environment, China needs to set up an alternative way to the development of the Chinese government has launched a "firewall", 4,000,000,000,000 yuan's plans to expand domestic demand is to be able to open the export-oriented to domestic demand. For the international financial crisis began to drag the real economy, the World Bank recently announced that it would increase financial support for developing countries. It is reported that the World Bank over the next three years to provide up to 1,000 billion dollars in new loans for the protection of the world's poorest and vulnerable groups. In addition to the increase in loans, the World Bank is also accelerating the world's 78 poorest countries (of which 39 are in Africa) in grants and long-term interest-free loan process.

North Korea is not only the world financial crisis

Originated in the United States into second loan crisis sweeping through the world financial crisis, followed by the first amplification of the road map, we will no longer be a long-winded. In short, there are pockets of U.S. surplus grain around the world have all the benefits of eating porridge has a tried; the United States is now a cold, we have to follow cough, also apparently in line with the logic of cause and effect link. 1 If the world was on hand patting dare to look at the financial crisis of a joke, then it can only be a Korean. As a matter of fact. North Korea's economy insulated from the impact of financial crisis, for it, the Jing Shi breeze as if the Holocaust had ears. Why would they do that? 2 We know that from the 1950s onwards, largely on North Korea in a state of isolation. Not only politically and in foreign countries (especially the Western capitalist countries) dealing with economic policy is to adopt a closed-door policy. Does not export to foreign products (estimated to be no export) and little to buy foreign products (Of course, money is also one of the reasons). This paradise-like state of China have experienced, such as the Ming and Qing dynasties, such as the reform and opening-up before the Cultural Revolution era. We eat enough of it brought about the pros, and that is poverty, ignorance and backwardness. I would like to, and open economy, it's the only advantage is that when shocks occur economies in the world, it can keep aloof of the state. 3 Now that the benefits of the Korean people are enjoying. However, this does not enviable. 4 Not affected by financial crisis on the Korean what is now a problem? According to the website of the United Nations reported that North Korea is a long-term food shortages, and in August of last year's floods has been more emphasis on this issue. In 2007, North Korea's grain output was 3,000,000 tons, lower than the previous year by 25% since 2001, North Korea suffered a severe drought since the worst harvest in a year. UN Food and Agriculture Organization predicts North Korea will be food shortages this year, 1,660,000 tons more than in 2007, up nearly doubled since 2001, the largest gap since the grain a year. Pyongyang's recent grain prices since 2004 has reached the highest since record, the price of rice to North Korea in 2000 yuan per kilogram, while in April last year to 700-900 million North Korea; pork at current prices for 5500 of the Korean yuan per kilogram. North Korea per capita monthly wage is about 6,000 yuan North Korea - that is to say, hard to do a month of the Korean workers, their wages can buy one kilogram of pork. As a result, the Korean economy does not exist "winter". Because it is always winter. 5 During the financial crisis in the world to have taken place in a number of similar crises. Every time given the global economy caused great shock and loss. So on the one economist was asked: Why not introduce a system to solve this problem once and for all? Experts say this: If we let the house in possession of a child learning to walk him, then he most likely will not be wrestling all his life. The problem is wrestling to resolve once and for all, but how to survive and develop? In fact, is derived from the financial crisis now appears to be a failure of innovative financial products. Like all scientific experiments, the test will be financial failures. Therefore, a similar crisis took place only in innovation allowed to give a great new living space of capitalist countries, and in the planned economy dominated by the socialist countries, such as North Korea and Cuba, the financial crisis is less than the probability of stone-throwing Block hit 300,000 km outside of the moon. To put it plainly, it does not deserve financial crisis.

G-20 finance ministers will discuss the global rate cut in response to financial crisis

To participate in the G-20 finance ministers and central bank will be a long trip on behalf of some of the 8 here disclosed that on a global scale to lower interest rates in order to reduce the financial crisis brought about by the loss of the annual meeting will be an important topic. Canadian Finance Minister James Flaherty in the years before the opening of the media revealed that the parties are to discuss interest rates, but British Prime Minister Tony Brown, as well as the International Monetary Fund initiative for a common taxation policy to stimulate it will be difficult at the meeting unanimously Support, because some countries may not be able to bear the resulting increase in expenditures. Flaherty said that the response rate is an important lever of the financial crisis, "I look forward to the discussion at the meeting to bring a degree of co-operation." Mexico senior officials of the Ministry of Finance said Werner, Mexico over the past 15 months has not had to lower lending rates, but with the international market and resources of the type of food commodity prices fell, interest rates have now dropped space. On the eve of the annual meeting, the European Central Bank announced on the 6th leading euro-zone interest rates fell to 3.75 percent from 3.25 percent. UK central bank also announced that the Bank of England rate cut sharply by 1.5 percentage points to 3% in order to stimulate the British economy.

American Society of the United States that are passed on to the financial crisis in other countries

American Society on October 29 in Mexico City from a report that the financial crisis dealt a heavy blow to the United States, the United States is using its political influence and power of the other leadership, the crisis caused by severe damage to the "export "To other countries. The article, entitled "the current world financial crisis would have the power relationship between the kind of impact? "The article's main points are as follows: To answer this question, first of all to deal with the current stage of capitalism and the distribution of world power status and a description of the changes. Our historical period have experienced two momentous changes, which are from the bipolar world changed on the grounds of the United States hegemony of a single rule of a unipolar world, as well as by the economic model is a non-regulation and control of the neo-liberal model. This shift also means that two of the world from a long period of prosperity to the other for a long period of recession during the transition from the former World War II to the beginning of the end of 1973, while the latter is the reason that the recession because of the lack of control led to the rule of a large number of capital Production from the field shifted to the area of speculation, the economy has led to low growth. As a result, over the last decade of the new historical period of honeymoon period, the collapse of the Soviet Union, the United States as the imperialist leaders of the Group of the United Nations or NATO everywhere with the support of the "American peace" in Iraq and Bosnia launched the so-called "humanitarian And war, "At the same time, the United States during the Clinton administration has experienced over the capitalist economic cycle characterized by short-term economic prosperity, the United States hegemony and neo-liberal model of the peak. Economic prosperity and the end of the Bush administration's response to the terrorist attacks that changed new historical period of the first decade of this excellent situation, with the attendant on the second phase of the emergence of the war in Iraq and Afghanistan, cooperation between the countries on every continent And to strengthen the integration trend, at the same time China's rapid economic growth. From the United States began to spread to Europe, Japan and other countries in the world crises fusion of the above-mentioned factors in the current phase of the outbreak. Before the outbreak of the crisis have accumulated reasons, including the decline of the U.S. economy, in order to finance loans for the center model, as well as the shortcomings of the United States in the war in Iraq and Afghanistan, the military defeat, and so on. The impact of the crisis on the United States than in other parts of the stronger, long-term, the U.S. economy is also greater, but the United States to use its political influence and power of the other core leadership, trying to cause a serious crisis, loss of exports to other countries , To re-establish their economic power. Nevertheless, world powers will depend on who is going to a new relationship for the broken plates and the bill which explain the reasons for the crisis of the theory will win. Since 1929, the state has been seeking assistance Liberalism is a function of the market to make up for deficiencies of one of the means. From the perspective of what kind of explanation in the current market economic theory have been at a disadvantage. Conservative measures are likely to be dominant, including the use of government intervention, which is currently in Europe and Japan are most likely to use the means. Capitalist great powers trying to use government intervention and a large amount of capital injection and so on, at all costs to save the current economy - the financial system. The power crisis in the world of the new relationship has been very clear. The hegemony of the United States may once again be consolidated, as long as it can be a negative impact on exports of the crisis so that the other major economies to share, is the most important domestic crisis will be passed on to the serious consequences of the American people, especially in emerging countries around the head On. Between the countries of the South to strengthen and deepen mutual cooperation in order to avoid the crisis in the North have been exported to the region. It should also be put forward and implemented in line with the interests of the countries of the South out of the crisis of policy, which must be released from the neo-liberal model and the model for the services of international agencies. After the crisis, the world will change. About the significance of the crisis and should draw lessons from the debate now taking place. North is seeking re-unite some of the implementation of the solution to the crisis in order to export most of the negative results, and the South should know how to protect their interests, from the Institute's own point of view to analyze the crisis and out of the implementation of the policy of neo-liberal model, to create a Multi-polar world.

Financial crisis Book Fair

U.S. global financial crisis, the current global economic volatility, global stock market crash occurred in a row so that the financial panic filled the atmosphere around the stock market, housing, employment and personal life are closely related to the economic problems of great public concern. Major bookstores in Shanghai, quiet for a long time the financial books so the reader be concerned about the re-introduced sub-loan crisis and financial turmoil, how to reduce the loan-to-crisis times the serious consequences such as the hot-selling books have become the focus of the book. Yesterday, reporters in Shanghai that several large bookstores, for the past two to three months, all sectors of the financial books popular again, and rising sales. Financial crisis, the economic achievements of the best-selling books The financial crisis that reverberated around the world economy, the future economic trend of the public concern. "Das Kapital", "Great Game" and "Wall Street 50 years", "sub-loan crisis," such as those in the past, only the library collection and financial professionals are concerned about books, now has been in hot pursuit of the common reader. Major bookstores in Shanghai, the financial crisis and the topic is on the corner of the bookstore the most obvious place is up Kanyi Ben "currency war" Mr. Wang said that readers, "the newspaper every day on TV there is the financial crisis Reported that, I really do not know how it is going on, want to buy this book to look at, to find out. "Haibo library on a book city in charge of regional economic books that began in September of this year, ahead of several top-selling books of the Basically, all the relevant sub-loan crisis, global financial crisis like the book, "currency war" and "did not understand the Chinese economy", "large dollar collapse" and "financial war" on a daily basis to sell dozens of good , With sales growth compared to the past. According to her, such books in addition to the purchase of ordinary readers, some of the banking, insurance, investment and other financial institutions to the bookstore to buy a large number for staff training. Book drop in investment management rose Books By the stock market this year, last year's hot stocks at the Shanghai Book Fair in the book also went "diving", major bookstores stock the book sales going from bad to worse in the general decline of about 90%, as before, "Kim is a short-term" and "value investing" , "Civil shares of God" as well as Buffett, Lynch, Rogers Masters, and other international financial investment books are very popular, cool significantly this year. Book now to look at the stock's still a lot of people, but the money to buy out the people decreased. One reader said that the stock market now is not good, all fitted into, and now we are too lazy to talk about the stock market, naturally is not likely to buy books. The suspension will affect the overall investment environment, and other investment books this year, sales decreased significantly. In contrast, the increase in sales of financial management books. At present, the financial investment environment of uncertainty, the reader to consider how to focus on preserving and increasing their capital, "money rules", "Road to Wealth" and other types of financial emphasis on the growth of books. During the interview, said some members of the public, in the current environment, investment should be treated with caution, hope that reading financial books to improve their financial capability. Experts: more time classic, not to blindly follow the trend of Ordinary readers to buy such books, not on personal finance books to choose as humorous interesting title, but rather aim at the "bankruptcy" and "crisis" and "dangerous". Experts believe that to understand the financial knowledge, is a clear understanding of the nature of the relationship, or read some of the best professional classical type of book is better. Some of the best-selling book by title or package to win the market, some publishers to rush out to meet the market situation, different books among more content to repeat some of the content of the authenticity and reliability are questionable and therefore have to buy books carefully, For example, more than 100 years ago, Marx wrote "Das Kapital" has been clearly described the development of the capitalist economic cycle and the problems encountered in the future, now it is of practical significance.