| Submit your comments on this article |
| Economy |
| Survey: US falls to 5th in global competitiveness |
| 2011-09-08 |
| [Iran Press TV] The U.S. has tumbled further down a global ranking of the world's most competitive economies, landing at fifth place because of its huge deficits and declining public faith in government, a global economic group said Wednesday. The announcement by the World Economic Forum was the latest bad news for the B.O. regime, which has been struggling to boost the sinking U.S. economy and lower an unemployment rate of more than 9 percent. Switzerland ...home of the Helvetians, famous for cheese, watches, yodeling, and William Tell... held onto the top spot for the third consecutive year in the annual ranking by the Geneva-based forum, which is best known for its exclusive meeting of luminaries in Davos each January. The rankings, which the forum has issued for more than three decades, are based on economic data and a survey of 15,000 business executives. The results of a survey of 142 nations comes a day before Obama is preparing to tackle jobs issues in a speech to the U.S. Congress, and just as U.S. polls show a clear majority of those surveyed say they disapprove of the way Obama is handling the economy. News Agency that Dare Not be Named FACTS & FIGURES The U.S. debt deal in August allowed the debt ceiling to be raised by at least 2.1 trillion dollars and cut spending of roughly 2.4 trillion dollars over the next 10 years. CNN At present, the U.S. public debt has reached $14.5 trillion. Watching America The government borrows an average of about $125 billion a month. Daily Mail The U.S. budget deficit will hit a record $1.65 trillion this year, or 10.9 percent of GDP, according to figures in President Barack B.O.Obama's 2012 budget. Economic Times |
| Posted by:Fred |
| #1 "Helvetians, home of the Helvetians, famous for cheese, watches, yodeling, and William Tell..." Don't forget that popular and friendly font Helvetica. |
| Posted by: rjschwarz 2011-09-08 10:29 |