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ECONOMIC ISSUES
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In America, living beyond means is considered par for the course whereas the same idea is culturally abhorrent in India and China.
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Everything in America is supersize, from supersized malls, to supersized mansions, to supersized roads, to supersized cars to supersized apparel to clothe supersized bodies.
ECONOMIC ISSUES ARTICLES
During the last housing bubble downturn, it took America almost a decade to return back to normal growth rate.
"The American economic downturn resembles the 'Phugoid' effect" said an off-duty pilot to me on a flight from New York to Atlanta.
According to the Bureau of Labor Statistics, while the national average was 9.5%, California's unemployment rate at 12.4%
What may seem to be good ethics are definitely bad economics that are not helping the West.
Since we think in ‘bigger the better’, American produces three times as much carbon dioxide than an average European.
The antithesis to this 'bloom' story is the undeniable gloom that is evident. No! The watering holes are not exactly minting dollars.
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