Tuesday, March 31, 2009

G20 summit: Barack Obama conciliatory over Nicolas Sarkozy's walkout threat

"The White House has stressed its willingness to push for tougher financial rules and accept blame for America's part in causing the global economic crisis after President Nicolas Sarkozy of France had threatened to walk out of the G-20 summit." So, President Sarkozy is demanding a new regulatory structure and if his demands are not met, he will leave an "empty chair." Christine Lagarde Paris-French Finance Minister stated that President Nicolas Sarkozy would walk away from this weeks Group of 20 meeting in London if no progress was made on the financial regualations.It seems that President Sarkozy was very clear on that front, "Ms. Lagarde said in a interview with the BBC News that he said, "if the deliverables aren't there, I won't sign it communique.It means walking away." Mr.Sarkozy is highly determined to gain some progress in the financial crisis and to achieve concrete results at the G-20 meeting. Why is the president of France so tempted to get answers right away knowing it's going to take some time? Is he scared or something?

Clarification:How will this affect the other countries involved with the G-20 meeting if President Sarkozy walks away?

Application: Why isn't he giving the plan a chance to come through knowing it will not be that easy to accomplish?

Wednesday, March 25, 2009

Huffington Post

Ryan Grim's article " GOP Senator: Stimulus Working Already" suggests that federal stimulus dollars have begun to flow, initiating a number of projects and creating jobs.One of the three republicans to support the passage of the $787 billon stimulus package was Snowe.It has taken a beating form conservatives for doing so, checks are beginning to go out and people can now feel the benefits.So he can further examine the question answers through a use of expert opinions and experiments. Snowe quoted "It's a paramount for people to see the activity, creating jobs or averting job losses," she said "even those who were opposed to the stimulus spending will see some of the projects that are underway in their communities as they're initiated". He's saying that the anti-spending argument is at its strongest right now, because we've got criticism without the benefits.

Clarification: What does Snowe mean when she said " It's paramount for people to see the activity, creating jobs or averting job losses?

Application: How will they get citizens to believe in the stimulus package?

Tuesday, March 17, 2009

AIG

Ian Swanson's online article "AIG staff: We deserve the money" (2009), she asserts that AIG's new management team last year proposed that its employees chose to give up their "retention" bonuses, or at least reduce them. A response from 370 or so employees set to scrape in about $450 million in bonuses until 2010. The AIG staff quoted "We suggested that early on, but there are people who feel this money was due to them", a source close to the company AIG informed The Hill. Swanson supports her claim about taxpayers providing $170 billion and counting to bail out AIG using proven facts. "Quants", The people who put together the computer-programmed algorithms,but between the complicated hedges and trades are what brought the company down, they refused to sacrifice their bonuses still. Her purpose is to resolve certain assumptions about the taxpayers and lawmakers not being so warm in the heart because most of the AIG staff who received bonuses already made enough money to the point where they don't have to work ever again in their life time. Ian Swanson is saying it's not fair to the people in the United States.

Clarification: How do the taxpayers and lawmakers plan to tackle this problem differently?

Clarification: How will AIG's staff affect the continuation of their company after coming out of a debt that taxpayers paid for to keep them in business?

Application: Do you think they feel guilty about what there doing or not?