Obama went to Denver to sign the case of rescue market and will issue of households mortgage relief plan
On February 17th, according to Taiwan’s “Economic Daily News”, it quoted “Wall Street Journal” news, on 18th U.S. President Barack Obama would announce the mortgage relief plan of households to reduce the housing seal and to prevent house prices continuing to drop. White House senior adviser (DavidAxelrod) on 15th in the interview of Fox News Network, said that Obama was scheduled to release on Wednesday the above plan, aimed at the seizure of stanch influx of housing to provide a assist for the “dying” owner in real time, and ultimately to “boost the continuing decline in house prices.”
International oil prices diving and oil major powers declined but the United States by accident had diplomatic opportunities
When the time of high oil prices, defiant Russia, Iran and Venezuela, oil-producing countries led the United States having a headache once. But now the situation is different, in a time when oil prices fell steadily, all the domestic problems of Russia, Iran and Venezuela with high oil prices to cover up gradually surfaced. The United States with the latest “Newsweek” cover story was in the view that oil prices diving in the global economic downturn in the United States created a diplomatic unexpected opportunity, the United States would have the opportunity to undermine the “unfriendly regime.”
Exports in the sharp decline so the “Japan model” was doubted bankruptcy and the future worry from national
Beijing, on February 17th, on 16th, the Cabinet Office report noted that in the fourth quarter of last year, due to the global economic downturn, Japanese exports significantly reduced by large and the investment in equipment was also in a slump situation, Japanese GDP sequentially sharply dropped of 3.3% with annual rate decline of 12.7%. At this point, the Japanese economy had three consecutive quarter of negative growth. This is the largest quarterly decline of the Japanese gross domestic product in nearly 35 years.Because of the first oil crisis, Japanese GDP in the first quarter of 1974 had dropped 13.1%.
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