Thursday, March 6, 2008

I.
Title: U.S. Economic Crisis Dangerous to The World Economy
Date: March 5, 2008
Source: Granma International (Cuba)
http://www.cubanews.ain.cu/2008/0227presenciafidel.htm

II.
This article discussed the affects of the United States’ current recession in their economy. Many economists still argue whether or not the United States are in a recession, but the majority said yes, they are. Due to, the United States supplying multiple countries around the world with their goods, word-wide countries economy will drastically decrease. More and more American citizens are not making as much profit in their sales, therefore resulting in non-profits. If the trader does not make profits, he or she will no longer trade. Governments such as Span and the United Kingdom are likewise affected with a recession. However, the United States is the supreme country of the economy, that is up until now. Although, the United States is expected to turn its’ recession into an inflation very soon.

III.
a) This article defiantly falls under the creation, expansion, and interaction of economic systems category. This is because world-wide countries are nervous on how the United States will recover from their apparent recession.
b) The United States has always been considered to have the wealthiest economy, therefore having world-wide countries buying their exports. This is very unlikely for the United States and very unfortunate.
c) This article was written by a female Cuban, therefore an outsider looking in on the United States’ government.
d) Although this article was written from an outsider, this article may not be reliable because Cuba is also affected for the economy drop. This Cuban may be saying that the decrease in the economy is actually worse then it actually is. This is because she may be nervous of what will happen to her own true country.
e) It would have been helpful to have heard from an American Government official. This is because he or she would have been partially responsible and aware of the economic changes happening their own environment.
f) I was shocked when I first read this article. I was aware of the decrease in the economy but I did not think it would affect so many other countries.

1 comment:

Deanna said...

This article shocked me as well. I was surprised to hear that our own economy affected other countries. I agree with Samantha on her views about the Cuban woman. If our economy affected her country, she might embellish actually how bad it is.