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Wednesday, August 4, 2010

GLOBAL MELTDOWN: which way out

Over the past few years,the global economic system has continued to take a downwarad slide or ( meltdown).Many businesses have collapsed and countless worker have been laid off.Securities on the global stock markets have suffèred huge losses, rendering a iarge number of investors bankrupt and others,heavily indebted. Budget have tightened,and price of commodities are persistently on the increase. So severa is the situation that leading economists have termed it the worst economic crisis since the great depression of the 1930 s.Man's seemingly expert knowledge of doing things has turned out to be shallow and inadequate.And as should be expected, poverty rates in many nations have shot up with very many families languishing in distress and despair.

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