The breakdown of international trade is key threat to the global economy in 2009, says Chris Mayer. Several countries have already taken action to protect domestic industries, including the US with its auto bailout. If this trend continues, Chris says the global downturn could become even deeper than imagined.
Democrats in Pennsylvania make their choice today between Hillary Clinton and Barack Obama. Clinton is fighting for her political survival. She needs a big win to keep her White House hopes alive and Obama seems to have closed what was once nearly a 20-point deficit to single digits.
“Apparently, Democrats’ only political goal is to not allow anybody to get rich until the nation is free from poverty, a trip to the doctor is free, and every person (whether they are willing to work or not) makes the same middle-class income,” says Andrew Snyder in Today’s Financial News.
As long as Pelosi has control of the big chair in the House, you might as well hang up your goal of becoming a rich businessman.