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President Obama Announces A $1.75 Trillion Deficit And A $3.6 Trillion Budget

Reenita Malhotra — Thu, 26 Feb 2009 15:17:50 +0000

President Obama estimates a deficit of $1.75 trillion, equal to 12.3 percent of U.S. gross domestic product. He also delivered a $3.6 Trillion Budget Blueprint.

After the President’s “We Will Recover” speech to the nation earlier this week, Americans came away asking the question where he would get the funds to spend on all of the programs that he had promised such as health care and education. It is now apparent that many of those funds will come from the American public.

“We Will Recover”: President Obama On The Economy

Reenita Malhotra — Wed, 25 Feb 2009 15:01:56 +0000

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Watch the speech that President Obama delivered to the nation last night. (MSNBC)

President Barack Obama gathered politicians and the public last night to talk about how to avert the worst economic disaster in since the depression through his plan to improve health care, schools and the environment.

The president recognized the enormous impact of the recession and pledged to rebuild the United States of America to emerge stronger than before.

Here is what he said about the main issues on the American Recovery and Reinvestment Act which has recently become law.

Hong Kong Ecological Footprint is Twice as Large as China’s

Andrew Williams — Thu, 08 Jan 2009 17:38:32 +0000

A startling new WWF study has revealed that people living in Hong Kong currently use twice as many resources as residents in China, more than double the sustainable level.

To feed the vibrant city’s massive demand for natural resources, and absorb the CO2 emitted, residents need an area of land and sea larger than 250 Hong Kong’s, an incredible seven-fold increase since 1965.

According to Mathis Wackernagel, Executive Director of the Global Footprint Network, “Although small geographically, Hong Kong not only has significant resource demands, but it also has an over-proportional influence on the world.