world financial crisis

Unemployment is a devoted companion of crisis. According to the latest statistics revealed by The World Factbook the unemployment rate in world grows and today we have the following picture: Australia -    5.70%, Canada - 8.00%, People's Republic of China – 9%, Germany - 8.60%, Israel - 6.80%, Italy - 7.10%, Japan - 4.40%, Netherlands - 3.90, Russia - 8.10%, South Korea - 3.50%, United Kingdom - 6.50%, United States - 8.50%. 

Consumers have flocked to the Internet for advice on how to cope with the global financial crisis, according to comScore World Metrix. The research company said visits to financial news and research sites grew 10% to 8.8 million visitors in September, during the height of the financial crisis, from the previous month. 

American manufacturers find that the main reason for the gap between the prices on the goods produced in the two countries. 

The Treasury Department announced last month that China has become the largest foreign holder of U.S. Treasury securities owning almost $1 per $10 in U.S. public debt.

The National Bureau of Economic Research has finally confirmed what the real world has known for at least a year: The U.S. economy is now well into its 11th postwar recession.
Although the bureau says that it takes anywhere from six to 18 months to determine that a peak in economic activity has been reached, this one has taken longer than its four immediate predecessors. 

On November 14-15 Washington has hosted the summit which has gathered together the leaders of 20 most powerful countries in the world including: Argentina, Austria, Brazil, Canada, China, France, Germany, the Great Britain, India, Indonesia, Italy, Japan, Mexico, the Republic of South Africa, Russia, Saudi Arabia, South Korea, Turkey, the USA.

How often do you hear that some person has been fired due to the crisis? I think that rather often, or at least once a month. Nobody expected that this crisis will go in such a big way. We have already written an article about the most risk specialties in our previous issues. But not everything is bad. There are still some categories of specialists who didn’t feel any influence of the world crisis and some of them even have benefited from it.

[img_assist|nid=10955|title=|desc=|link=none|align=left|width=74|height=100]The financial turbulence which emanated from the United States had been simmering since the subprime mortgage problem, and should not have surprised anyone when the pot boiled over this year. It would be nice if it had only remained where it began, but alas, the hot water has overflowed, scalding just about everyone.

[img_assist|nid=10920|title=|desc=|link=none|align=left|width=100|height=75]While the whole country suffers heavy aftermaths of the global crisis the US corporations pay flagrantly high salaries to their executives. Glass Lewis & Co advisory group made up a list of the most unreasonably expensive top managers in the country. The list is leaded by the telecommunication company Sprint Nextel Corp.