Business Week journalist Bruce Nussbaum gives us his take on the state of the U.S. economy. Posted by Publicis’ John Rossant, who is contributing to the Reuters/Nokia mobile journalism project in Davos.
Davos 2009
World Economic Forum
TrackbackPost Your Comment
House Rules:
- We moderate all comments and will publish everything that advances the post directly or with relevant tangential information
- We try not to publish comments that we think are offensive or appear to pass you off as another person, and we will be conservative if comments may be considered libelous information.
3 comments so far
Countries that started outsourcing to a cheap labor country, are suffering most now. In 2008 most of companies planning to cut their workforce in US, Japan and UK. It’s not a solution for long term; people will loose their buying power if they don’t have jobs in these countries. It will create again new chapter for recession in future. Is there no great economist in the 21st century, who helps the world?
If a country continuously outsources to other countries for more than 8-10 years in manufacturing sector and service sector, it’s suicide for economic growth of that country. In future the U.S. may be a third world country, if it continuously outsources its service sector, etc. to the rest of the world.
Outsourcing is a new cancer name for the U.S. economy.
- Posted by AjitThe USA is a third world country already thanks to Republicans who have made it legal to allow corporations to have little taxes, or none and to move all our jobs and products to other countries where human rights are ignored.
I wonder what we in America will do when we look like the Middle East?
Corey
- Posted by Corey Mondellohttp://www.CoreyMondello.com
2-16-08
[...] and openly fair electoral system have been undermined. In fact as early as January of this year, bloggers were already beginning to note economic problems in the U.S. which raised the argument that the U.S. economy [...]
- Posted by E-voting mishaps certain to muck up presidential election results | Online Business Woman Blog