Energy and Economy Balance News

Let me explain a problem I see concerning the use of so-called “inflation” data to trigger a control mechanism with a Central Bank to raise interest rates, or tighten money supply to prevent the fear of runaway inflation. We all know what inflation is, but my use of the term “artificial inflation” is a concept whereby fake manipulations in markets, or industries trigger higher prices, not because the buyers or consumers have vast amounts of money to blow, but because the sellers are cheating the system to force the higher price.

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During many epochs of the U.S. economic growth and development, the country has benefitted from the arrival of the educated elite of other lands fleeing their homelands looking for a better life. However, as of 2010 there is the possibility of this process being reversed. Numerous educated professionals and even entire companies are relocating to other parts of the world, looking for more economic opportunity and less taxation. The U.S. brain drain may have already begun.

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In this day and age, Alternative Energy, beyond doubt is the best key to resolve the intensive problem of power shortage and energy crisis around the globe. It is because this form of energy source is renewable unlike coal and uranium which are the most common power resources in use by the different power generating plants.

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The ‘Great Recession’ began on the 3rd of July 2007. On that date, the most important document associated with the demise of the American economy – SEC Release No. 34-55970 – went into effect. The reason why, the Securities and Exchange Commission chose the day before a holiday, the 4th of July, which fell on a Wednesday, in the middle of a week when many Americans would be on vacation and financial institutions closed, was not coincidental.

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So many renewable energy sources at our disposal, and yet fossil fuels still remain dominant energy sources. There are several reasons for this.

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US fears of a double dip recession are slowly becoming a reality. Based on data released on housing, employment, construction and manufacturing it is becoming quite clear that things will more likely get worse before they get better with the world’s largest economy facing a huge uphill battle.

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I’m pro renewable energy. I’m passionate about solar power, and I care tremendously about our environment. However, coal is what brought us into and allowed the industrial age to occur. Even today, coal produces half of the energy in the United States, and more in other countries.

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Due to the recession, federal law had allowed an extension up to 99 weeks, depending on the rate in individual states. The extension expired in June, and Congress has failed to pass an additional extension… There is also some debate over whether there is a better way to spend money to stimulate the economy. Some economists have theorized that the government should invest in such things as building/repairing the country’s infrastructure, which would both add money to the economy as well as create new jobs.

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Accounting fraud at two major companies has led to major changes in standards and practices to address and prevent future confirmation fraud related issues. Paramalat was the largest food company in Italy until it filed bankruptcy in December 2003. For ten years leading up its bankruptcy, Parmalat covered up its losses by falsifying company accounts and using complex financial transactions to shore up its balance sheet.

Original post by News-and-Society:Economics Articles from EzineArticles.com