Friday, April 4, 2008

Lars Folkerts, Pd. 2

“Dollar Sinks Following Job Report." The Germany Times 03 Apr. 2008. World News Network. 04 Apr. 2008.

This article is about the new job report released on April third. This report said that the unemployment rate went up. This decreased the value of the dollar even more. However, for the long term, the dollar rose in March when compared to late Febuary, when the dollar hit roack problem. The article then listed the exchange rates.

This article relates to the AP world theme of the interaction of the major societies because it relates to the global economy. As Americans export supplies, they will become cheaper in European nation due to the decrease in the dollar.

The Euro came out in 2002 and was equal to a dollar. Since then, the dollar dropped down and reached its low in Febuary 2008. Now, justy as it was doing better last MArch, it drops again. This make our exports cheaper to other nations and our imports to be more costly.

This article was printed in the german times as a part of the world news network. The reporter was probably educated in economics.

I could not find any bias in the article.

This article would like to hear what an American economist says about this situation so it is possible to hear what he says we can do to improve the dollar. It would also be nice to hear from a foriegn economist so he can tell us how the dollar is affecting its nation.

I would like to hear some opinion in the article, rather than just fact. I could not find any bias. as for the economic part of the article. I think President Bush should work hard and put many economists on the job so we can improve this situation. We could start by getting more people back to work.

1 comment:

Lars Wolfgang Folkerts said...

website: http://money.cnn.com/2008/04/03/markets/dollar.ap/index.htm?postversion=2008040306