"Gold, oil reach highs amid U.S recession fears"
March 13, 2008
http://www.cnn.com/2008/BUSINESS/03/13/world.markets/index.html
II. The article I picked for this assignment is about the recent Stock market troubles that the world has been facing. The Stock Market has been suffering quite a bit lately, with things really starting to come off the ground with a day like last Thursday. The DOW Jones was down around 220 points at its lowest. Things like that are not only effecting the stock market, but also effecting America's as well as the worlds economy. The single most important resource in the world, oil, is only increasing in price because of this. his obviously effects the entire world because every country uses oil as their main power source. Country like China are having trouble with oil as it is, and I'm sure this is only making it worse. But one good think that the article mentions is the fact that the price of gold went back up. Last week the price fell to about $997.10, but now it is back up to $1,001. This effects not only our but the worlds currency because it is back by this gold. If the gold cost less, the price of the dollar goes down. Because of all these ups and down with the stock market and money other counties other then the United States are suffering. The Asians market is down as well as other places like Japan, and Hong Kong. The US dollar is at a all time low against the Japanese yen.
III.
A. This article related to the AP World History theme of "Impact of Interaction". You can see this in the way that all these little things that are happening to America and its economy, is effecting the entire world. Just because our dollar is down, and our oil prices are up, this effects spreads off to everyone in the world.
B. This event has been going on for a few weeks. The United States economy is really suffering right now because of things like the stock market. People are just dumping all their stocks in the fear that the prices will go to low. The fight for things like oil has been going on for centuries. The United States and China are the biggest consumers of oil, and as the supply of it runs down, the more the price goes up.
C. The article does not list an author, but it did come out of CNN. One would assume since this is an American based company that a was a United State citizen. So if that is the case, this kind of stuff would be effecting him directly and giving him maybe a better perspective on what exactly is going on and how the people feel about it.
D. I can't see the author's nationality or anything else affecting the way this article is written. The whole thing is basically hard facts about what the stock market and economy is going through right now.
E. Something that would be nice to hear from would be from someone outside of the United States. I would like to see how really this is effecting other countries all over the world. If it is just an American talking he is going to only really know what kind fo things are effecting him and his life, not what is going on with someone in say, Japan.
F. This event has been going on for quite some time now, and it seems very interesting to me. Its really odd to see what kind of steps the government needs to take to prevent things like this (i.e giving out money to all Americans).This obviously hits the fan because this stuff is effects all of us right here at home as well as people all over the world. Its also very interesting to see what kind of thing are effected by the stock market. We see through this article that things like gold prices, oil prices, and even currency exchange rates are all changing just because of this.
1 comment:
I thought that this article was very interesting. It was interesting to see how the stock market affects other things, such as oil prices. When things like this happen, the entire world gets affected, not just one country or place. Not only was the U.S. affected by the stock market, but also many other countries as well.
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