Friday, August 6, 2010

Title: 12 Million Affected by Pakistan's Historic Floods
Author: VOA News
Date : 6 Aug 2010
Pakistan hadn’t seen like this floods for a long time, there are a lot of people have been killed by flood waters and the infrastructures and crops were damaged.
Does Pakistani government was ready to face any disasters like this?
How will this disaster effect the world economy?
Pakistani government was not prepared for a big disaster like this one, it is busy with other issues ,furthermore, this issue will affect the price of crops internationally.
Title: Unemployment report portrays stagnant job market
Author : Don Lee
Date : August 6, 2010
The workers status is bad, their salary is decreasing, moreover, the unemployed rate is still high. Totally, there are many workers lost their job.
Why the unemployed rate have not changed for a long time?
Is there any relationship between the world economy crisis and this case?
I believe that this issue will be solved if the world economy crisis resolve because the world events are linked together by the communication revolution.

Friday, July 30, 2010

Title: Limited immigration law goes into force in Ariz.
Source :
Author : staff and news service reports
Date : 7/29/2010
The new law of immigration in Arizona was discontinued by federal judge (Susan Bolton), however , she thinks that will affect the relationship between The US and other countries. There are many people refuse this law, there refusing was appeared when they got together in Washington, DC and other cities to say no for it. Additionally, there are some governors with this new law and others against.
1- Why does this law appear now?
2- Why does Arizona state just decide this law?

I think the USA is a strong country, that strength came from the difference, so it should be like this style.

Tuesday, March 16, 2010

RRJ #5New signs of economic recovery in metro Denver

New signs of economic recovery in metro Denver


Zartler, J. (2010,March3) New signs of economic recovery in metro Denver,Metro Denver


According to the EDC the metro Denver Economic Development Corporation, there are many good indications of improvement in the segments. The second quarter’s report expressed positive growth in six annual economics signs versus positive in one economic sign in the month before. The good sing here is the growth in the metro area has increased the home prices. The improving in the price will make momey people feel better because they will get a lot of many in terms of raising in the home prices. But Silverstein said that is enough to make them feel happy without getting improve in the job, he added, "When we look at recovery, we look at production primarily and so companies will see increased sales activity and increased demand for their product but they're not necessarily going to be hiring yet. For many people it's not a recovery until there's job opportunity out there.”

That recovery will involve losing a few jobs before improve by the end of the year; metro Denver lost 55,000 jobs in 2009, Silverstein said that there will improving in the job by the end of 2010. She has expected about 1,500 added jobs in 2010, that is better than losing them last year. According to what she said, there are many ground to use for recovery. That means the economic case is growing.


"When we start to see those home prices improve that makes many people feel better because so many people have a lot of their wealth tied up in their homes," she said.

Silverstein says although there are many signs pointing to a recovery, most people will not feel like that is the case until they see job growth.

"When we look at recovery, we look at production primarily and so companies will see increased sales activity and increased demand for their product but they're not necessarily going to be hiring yet. For many people it's not a recovery until there's job opportunity out there," Silverstein said.

On that front, the Metro Denver EDC is expecting a small number of job losses before things are expected to improve at the end of the year.

Metro Denver lost 55,000 jobs in 2009 and although Silverstein does not have an exact prediction for job losses in 2010, the good news is that she sees a turn around by the end of the year.

"We're expecting by the end of 2010 we'll start to see job growth. In fact, we're expecting that we'll add about 1,500 jobs which doesn't sound like a huge number but it certainly is better compared to where it was last year," she said.

Silverstein says 2010 is only the beginning of the long road to recovery.

"We still have a lot of ground to recover. This was a very deep recession so a lot of ground to recover but we're definitely on that uphill climb which is where we want to be," she said.

Sunday, March 14, 2010

RRJ#4 New Economics of Marriage: The Rise of Wives

New Economics of Marriage: The Rise of Wives

Reference :

Fry,R and Cohn, D. ( , 2010, January 19). “ New Economics of Marriage: The Rise of Wives” Pew Researach Center


The marriages company has been changed recently, the women have became more educated and richer than men . In 1970 the men’s amount of the education and salary was less than in 2007, according to a Pew Research Center analysis of demographic and economic trend data.
In the past the women didn’t work, so if they had gotten married they would be the winner from an economic side; unfortunately. In recent days they become different they were in the past.

In 2007 the average income of the three types of families, married men, married women and unmarried women was higher by 60% than in 1970,but there is a fourth group that has increased in their income by 16%.

The reason for that difference is that the natural structure of humans, in addition to the education factor affects the amount of the marriage people, but the gap increased since 1970 because more education makes the wages higher.

This report tries to explain that there is a first group who completed its education and their age is 30 - 44; they had gotten married and had gone to the work the women are more than men did.

The percentage of the uneducated men who had gotten married form women decreased from 28% in 1970to 20 in 2007.

The women are going to take the half part of the employers their amount of employee increase from 46.5% in 2007 to47.4.4% in 2009.

Education factor is one of the important factors plays a big role in income, the men are the bigger part which earn more money through the salary, they got 56% versus 44% for women who graduated from college. For unmarried adults at each level of education, however, men's household incomes fared worse than those of women.

Unmarried women in 2007 had higher household incomes than their 1970 counterparts at each level of education. But unmarried men without any post-secondary education lost ground because their real earnings decreased and they did not have a wife's wages to buffer that decline.

Unmarried men who did not complete high school or who had only a high school diploma had lower household incomes in 2007 than their 1970 counterparts did. Unmarried men with some college education had stagnant household incomes. But the unmarried women earned income in 2007 more than they did in 1970, Unmarried men who graduated with (15%), versus unmarried women who graduated (28%). In fact, household incomes of unmarried men with college degrees grew at half the rate of household incomes of married men with only a high school diploma -- 33% versus 15%.


The human resources is the most important resources in any economic system, and all of countries try to keep this resource, the reason for caring this resource because the Economic development start from them , by them and it ends with the human resource.

The ways to improve the human resource by training them or educate them, more they get educate, more they make the economy higher, more the earn income , more they spend money more make the economy in good employment . in the past the people used to work in muscular jobs, that required a strong body and Patient men, in this case the women couldn’t endure this kind of jobs, so it is normal to find that men were more than women earning income.

In these days the women become e more educated , so they have more opportunity to get a job than men, especially unmarried women. This explains why the income for unmarried men is less than unmarried women.
In terms of educate factor , many countries increased to care on the education system , especially , the high education . for example , Libyan government becomes aware that it has to improve the human recourse by sending them to the advanced countries to make them more educated .

In terms of the marriage, the educated families gets more income but they are less numbers of children, because they are too busy to take care for children or even to become parents.

Tuesday, February 23, 2010

RRJ#3 China's economy to expand 9.4% in 2010, report forecasts

China's economy to expand 9.4% in 2010, report forecasts


Xinhua .(2009,November 20 ) China's economy to expand 9.4% in 2010, report forecasts


China’s economy is going to increase; that is expected to pass 9% 2011. That will include the growth of domestic consumption and improving exports, the China's retail sales were 16.2% year on year to 171.3 billion U.S . dollars. The world tries to renew its economy but that is not easy to do, according president of the School of Economics of the university. in other hand the exports declined 13.8%year on year to $ 110.8 billion last month , the smallest decrease in 10 months , while the imports arched $ 86.8 billion which means it backed down 6.4% last year.

Mr. Liu Yuanchun requested from the government to make plan for low rent apartment s and the affordable housing program for next year. The report expected that China will spend this year 8.56% more this year than last year.

China’s gross domestic product (GDP) grew 7.7% year by year, according to the report, the country's consumer price index (CPI), a main measurement of inflation, would dip 0.7 percent this year, the (CPI) decreased last October .0.5%. The economists have hopefulness for China's economy. Fan Gang, director of the Beijing-based National Economic Research Institute expected that the economy will grow between 8 to 9% this year, however , the another economist at Goldman Sachs, expected that China's economy would expand 11.9 percent year on year in 2010.


China’s economy is the third economy in the world, because there are the three important recourses for any economic system; those are the natural resources, the human resources , and the financial resources . All of those resources support the Chinese economy.

In terms of the export and import, if any country exports more than it imports that means its economy is working well, and if the export is less than import, that means economy is going to be weak. The meaning of the export is getting more money, but the import means spending more money.

the growth in GDP should fit the growth in the population and the changes in the prices in the country to avoid the inflation, which is the one of the biggest problems in any economic system.

RRJ# 2 Oxford Business Group to chart Libya's privatization progress in new economic report

Oxford Business Group to chart Libya's privatization progress in new economic report


BI-ME staff (2010, February 7) Oxford Business Group to chart Libya's privatization progress in new economic report. Business Intelligence Middle East Company, February 7


Libyan production of oil is going up, and the exports to Europe are increasing, according to Shokri Ghanem, Chairman of the National Oil Corporation (NOC).That will improve the gas segment following the new energy policy which the most of European countries were followed to explore the gas in the Gulf of Sirt area.

He said that the new policy is going toward privatizing the refineries and the petrochemicals of the oil industry as part of its wider steps to reshape the sector. He added “We began by privatizing the Zwara fertilizer plant and the Raf Lanuf refinery.”

This sector is the most important for the industry segment and the foreign investment. Ghanem said that the he believed that the privatization for the gas segment will work successfully more than the public sector; in addition that will help the local companies to follow the big economic changes in the world. He said when he was meeting Oxford Business Group (OBG) “ere will be a marked increase in the development of local content within the industry and we are doing our best to encourage this trend.”


Libya used to follow the communist regime for a long time which required establish a different policy which meant the government is the director. Also, it has the most recourse of the inputs and the outputs. That implies that it is the unique responded which dominates the prices. That system filled down with URSS did , because it was as model for the old system. Furthermore this system is old; there are few countries still following the communist regime. Libya changed its mind to follow the capitalistic way. It found the communist regime areunsuccessful for its economy. The new system is different from the old.

The capitalists required changing all the sectors form public to private; the role of the government is just organization, and it can’t control the prices or it can’t control the inputs or the outputs. In addition, it can’t intrude in the market, because the market is working in the capitalism according to the power of demand and supply to approach to the equilibrium quantity and price. That means it is in the market equilibrium.

The new capitalism will affect these companies negatively in the first time, but that will change when these companies depend on themselves completely. They used to depend on the government’s funds .That means they will use the finance resources economically. They might give more ages for less employers. I think the good advice e for these companies is following the market changes in terms of the prices , employment, and supply. If they follow that rules (market rules) they will be more safety from the crisis.