BouwerBlog
A South African-American couple's perspective on living in the Middle Kingdom. Commentary on a range of topics. Starting our blog again after a hiatus of more than 10 years!
Wednesday, August 01, 2012
Wednesday, June 06, 2012
A Drive Through The Virginia Countryside
Sunday morning we took to Northern Virginia's country roads to visit good SA friends. The Rosslee's lives at the foot of the mountains, close the border with Maryland and West Virginia.
Spring is in the air and it was a gorgeous drive through horse and farm country.
Spring is in the air and it was a gorgeous drive through horse and farm country.
Friday, May 25, 2012
Monday, May 07, 2012
Monday, January 10, 2011
Thursday, September 23, 2010
Monday, July 05, 2010
Economic Recovery Slows with Weak Job Creation in June
The economic forecasts are becoming less optimistic as the $787 billion federal stimulus measure is losing the artificial momentum it created in 2009. Economists are predicting darker days lies ahead. The artificial boost to the unemployment rate (currently at 9.5% - boosted as nearly 400,000 Census workers were counted as "employed") dropped when more than 200,000 temporary federal Census workers completed their contracts. Here's a good report from the New York Times.
Although the stimulus kick-started the US economy back into action at a crucial time, the White House is again calling for more spending. I'm no economist, but surely continuing to spend money you don't have will come back to bite you in the behind. After Greece went bankrupt recently European leaders have announced a conservative fiscal policy, getting their own budgets in order and cutting back on spending. It makes sense - if I incur debt I won't be dining out for a while. I'll be reckless if I keep using the credit card. Simple.
Here's sincerely hoping the the forecasts are wrong and the economy picks up in the Fall.
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