Does anyone have a dollar stretcher I could borrow or could I pick from your money tree? Isn’t this something that most of us are wishing for right now. Unemployment rates are at an all time high and it seems that cutbacks and instability are have become a permanent part of our thinking.
I have often wondered how it would be to live in a country that gets hit by bombs on a regular bases or where there is fighting in the streets. What is the mindset of those that live there? How do they survive from day to day? I know this is an analogy that is dealing with life and death but I think most of us can apply it to our outlook of our job stability. It’s called conditioning.
Times have changed. Not too long ago the mindset of most Americans was that you would get a stable job and could stay with that company until you retire, if you wanted to. You would have a retirement and insurance waiting for you at the end of that duty. Not so today, there are very few companies left that would fit this model and so we have gradually had to shift our paradigm in a new direction. We now have become conditioned to know that we can’t rely on a job anymore. We have to think and plan now like someone that lives in a country like I mentioned above. We have to think outside of the box, plan more and make escape routes for when war breaks out or when we hear the bomb siren going off. We may even travel lighter now and not grow roots as deep because we may not be staying in one location. For most of us life has changed. It’s not doom and gloom it’s just life and we survive.
We lean more on each other. We lend a helping hand and we gain a stronger appreciation and love for fellow human beings.
Factbox: Marina Silva's economic proposals for Brazil
20 Aug 2014 | 7:12 pm
(Reuters) - Brazilian presidential candidate Marina Silva has little experience with economic policy, but her advisers promise a more orthodox, business-friendly approach than leftist President Dilma Rousseff has taken. Eduardo Giannetti da Fonseca, an economist and top adviser to Silva since her 2010 presidential bid, has called her economic platform very similar to that of centrist candidate Aecio Neves, with whom she is running neck and neck for second place in a recent poll. Giannetti says the main points of her economic platform will include: MORE FISCAL DISCIPLINE Tightening the federal budget to generate a reliable surplus before interest payments would limit inflationary pressures and ease the burden on the central bank to keep interest rates high. CONSISTENT INFLATION TARGETING The central bank should have the autonomy to hew closer to its inflation target in order to win back credibility and reduce long-term inflation expectations.
Brazil announces new $4.5-bn credit stimulus
20 Aug 2014 | 4:49 pm
Brazil's central bank said Wednesday it would ease banks' reserve requirements for the second time in less than a month, freeing up $4.5 billion to stimulate lending and boost the sluggish economy. Under the new rules, banks will be allowed to use up to 60 percent of reserves for credit operations, an increase from the 50-percent limit announced on July 25. The bank said the move would free up an additional 10 billion reals ($4.5 billion) in credit. It comes on the heels of the July 25 stimulus measures, which the bank said would free up $13 billion in additional credit.
Yellen to give her outlook as Fed honeymoon fades
20 Aug 2014 | 4:09 pm
WASHINGTON (AP) — Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks. Yellen has so far carried on his approach with barely a hiccup.
TSX hits record high after Fed comment
20 Aug 2014 | 3:48 pm
By John Tilak TORONTO (Reuters) - Canada's main stock index touched a record high on Wednesday after commentary from the Federal Reserve suggested that the U.S. Minutes from a recent policy meeting indicated that the Fed will not raise interest rates until it has more confidence in the strength of the economic recovery. Investors will be looking for further clues about the central bank’s outlook for interest rates when Fed Chair Janet Yellen addresses policymakers in Jackson Hole, Wyoming later this week. All the cards are playing out in its favor,” said Elvis Picardo, strategist and vice president of research at Global Securities in Vancouver.
Some Fed officials want to slow economic help soon
20 Aug 2014 | 3:03 pm
WASHINGTON (AP) — Some Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low interest rates.
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