BBC news (www.bbc.co.uk/news/business-11408228)
U.S. new home sales in August among worst on record
After reading the article I found out that the housing market is still very far from making a full recovery. New home sales are at record lows even though the construction of new homes is rising slightly. This struggle in sales is due to high unemployment, tight credit, and consumer uncertainty about the direction our economy is heading. Previously owned homes aren't doing that any better, with sales being at the lowest point since 1997. I was shocked after reading this article because I was under the impression that our economy was on the rise. Yet with the housing market at record lows, it's hard to imagine that our overall economy is doing any better.
Denver Post (www.denverpost.com/business/ci_15775230)
Buying an automobile with large percentage of domestic content a good way to boost the U.S. economy
When buying a new car, it is important to do your research regarding the domestic content as well as the location of final assembly. By purchasing a car with a high percentage of U.S. involvement, a consumer is helping the economy make a recovery. Buying domestic cars creates tons of jobs for Americans and strengthens our industrial base. Also, the quality of American made cars is better than ever so the consumer isn't sacrificing quality in order to support our economy. I found it interesting that there is much more to consider than just gas mileage and quality when purchasing a car.
Business Week (www.businessweek.com/news/2010-09-25/obama-s-stimulus-plan-made-crisis-worse-taleb-says.html)
Obama's Stimulus Plan Made Crisis Worse, Taleb Says
According to Taleb, Obama's actions that he has taken to help our economy have actually made the situation much worse. The Stimulus Plan was the wrong way to approach the current economic crisis Taleb says. Instead of attempting to promote domestic growth, Obama should have focused on paying down our massive amount of federal debt. Up to this point, our federal debt has increased substantially and unemployment has gotten worse. It was interesting to read an article that was so opinionated regarding Obama's agenda. I found it interesting that Taleb suggested paying off the national debt prior to strengthening our home front.
