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Thursday, 04 March 2010 |
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Barbara Boerner
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From Daily Planet Staff Reports
COLUMBUS, N.C. — For the 14 percent of the world’s population that ranks among the “haves,” the current financial crisis is “seen as a real crisis,” but for “have-nots,” little has changed.
At least that is the view of Dr. Barbara Boerner, who addressed “The Global Financial Crisis” on Feb. 11 at Isothermal Community College in Columbus.
Greed, which always has been part of the human condition, is “out of control” now, unconstrained by mores, norms and institutions, and “that is part of what’s led us to where we are now” with the the worst financial downturn since the Great Depression that began in 1929, she said.
Another major component contributing to the current hard times was easy credit, she said.
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Thursday, 04 March 2010 |
There were some hardy souls on the construction site in Pack Place Park’s Reuter Terrace in February, but a project spokeswoman said the recent severe weather slowed things down a bit. The crew was poised in mid-Febrary to pour concrete, complete the installation of pavers and carry out other tasks that will bring it close to completion.
Special photo courtesy of Pack Square Park Project
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Thursday, 04 March 2010 |
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Jim Lenburg
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China’s economic clout rises rapidly, as U.S. declines, scholar notes
From Daily Planet Staff Reports
The Sino-United States relationship is central to the health of the global political economy, and while some experts have characterized it as “bipolar” because it has been stormy and frequently unhealthy, they think the two nations, after much posturing, will work out key issues, according to Dr. Jim Lenburg, a local authority on China.
He also made the case that the two countries are co-dependent on one another. Specifically, the U.S. is dependent on Chinese purchases of dollar assets to sustain low long-term interest rates, while the Chinese are dependent on continued U.S. household spending on its manufactured products.
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