China

If you talk with the average American walking down the street today (well, the streets of Raleigh, North Carolina), most of them would regard China as a threat to the sovereignty of the United States. They would say that China is going to over take us in military and economic power over the next 20 years and our country will eventually have to square off against them.

No so fast, I say. The future of China is definitely bright, but that doesn't mean that both countries can't coexist and prosper. In fact, the recovery to the United States economy would be expedited if China were to turn around first. Why? China's unprecedented growth offers both import and export opportunities that will drive up the economies of nations around the world.

In the United States, many of our industries are dependent on foreign nations growth. For example, many of the shipping companies traded on the Dow saw their stocks demolished as Chinese demand for shipping evaporated over the past year. Commodity companies such as US Steel saw their demand flat line this year after unprecedented growth from Chinese demand the past 5 years.

World Economy Shrinking to Globalization

What has lead to integration of economies worldwide cannot be just a simple, single phenomenon? From the angle of ‘globalization,’ world economy cannot be bifurcated. It has to be viewed as a single market even at the macro 'global' level. This beautiful vast concept that has come to the shore after the signing of WTO in April 1990, can best be compared to a string of multi-colored beads that has incorporated different flowering economic divisions round the seven seas together. The International Monetary Fund defines globalization as a “historical process” involving “the increasing integration of economies around the world, particularly through trade and financial flows.” (“Globalization: Threat or Opportunity?” January 2002.)

“Globalization and deregulation of finance capital had happened so fast and so massively and so recklessly as well that more than stable investment for productive activity and trade, what was experienced was huge flow of destabilizing speculative capital. By 1990, it became the very force driving the world economy.” (Sundaram, N M. May 2006.)

It has become a catch-up concept to describe a range of trends and forces leading to openness, integration and interdependence of economies. In short, LPG process—liberalization, privatization and globalization—has engulfed the earth, ignoring the international boundaries to quiet an extent.

Cost-benefit estimate and discussion of policy measures to mobilize the global response is a routine for economists that can never be termed as mundane with minute-to-minute new developments. They cannot afford to ignore it as these days production area is not regional or sub-sectoral, rather it’s a set of national economies linked by trade and investment flows.

2008 US Presidential Elections

There were a series of various events like straw polls, debates etc. sponsored by different parties early this year. These events aimed at helping the voters to know more about the candidates.
For instance, a series of debates and candidate forums were organized by the Democrats in Nevada and South Carolina In the first half of this year.

A televised debate was hosted in May, 2007 by the Republican Party at the Ronald Regan Library in California. Besides, they also organized the popular Ames Straw Poll in Iowa in August this year.
As per the news agency reporting and the consensus listings, “front runner status” was given to six candidates by July, 2007. These candidates leading the pack are Giuliani, Obama, Clinton, Edwards, Mc Cain, and Romney.

Analyzing Obama's Successful Fashion Strategy

First, consider the claim that he builds his wardrobe on five different colored, but identical suits. Letting it be known that his suits were, in Mr. Obama's own words, "fairly standard", and that he typically bought five of the same suit, was in a word, brilliant. That simple statement helped to establish the candidate as a "regular guy" that we could identify with. Never mind that his suits are tailored, and that the price tag for each is in the neighborhood of $1,500.00. In fairness, that isn't an overwhelmingly exorbitant price, but in these tough economic times, $7,500.00 for five suits isn't a drop in the bucket for many of us. Nevertheless, the impact of the statement itself appears to have been positive.

Second, let's examine wearing the suit without the necktie. From the outset of his campaign, then Senator Obama needed to connect with as many factions of the American public as possible. The presentation of a clean-cut, well-dressed African American personality was well planned and perfectly executed. In repeatedly appearing without the tie, another important connection was made, to the younger voters. Sadly, even in professional fields, today's young adults often tend to consider men's neckties a fashion accessory rather than a requirement. The record turnout of young voters in this election confirms how successfully Mr. Obama connected with young Americans.