Japan and China used to grow fast year after year for the last few years, thanks to massive growth in imports by US and Europe. But all of a sudden, from the middle of 2008, US has cut down on its imports from all the countries of the globe including China and Japan.

That has lead to massive decline in exports of these two major countries, which are seeing negative growth in two digits for the last few months.

Experts tracking US and Europe , say that exports to those countries may take at least another year or so to pick up , because unemployment levels are very high.

Both the Chinese and Japanese governments are spending billions of dollars into their local economy to generate more local demand for the time being.

Time is running out Mr Obama. Please act fast otherwise , the same US citizens who voted you into the President office, might start disliking you.

More than half a million people are losing jobs every month and there are scores of small and medium companies that are closing down offices every month.

The retail sales are plunging month after month, and so are the housing prices.

So every US citizen is hit badly on one count or the other.

It is only a question of time that all these people will start regretting their decision in selecting you as President.

So once again we request you to take drastic and bold decisions and implement them fast.

Save jobs, Save US and Save yourself. All the very best to you Mr Obama.

The Indian cricket team used to be never recognized for their capabilities a decade back. And most of the International Cricket Council members, that controls the Cricket sports across the globe, were from Australia , England and Newzealand.

But all that has changed in the last five years. With growing popularity for the sports in India, and with lot of advertising revenue generation, the Indian cricket board, became the richest cricket board in the world, far richer than the ICC.

That changed the tide in favor of the Indian cricket board, called BCCI. They now decide on all the key decisions in ICC and have been able to put their people on key positions in ICC in spite of great resistance from Europeans.

And the latest Indian Premier League format, has been generating millions of dollars for BCCI, far higher than what they earned for several years together in the last decade.

US has been a staunch believer of private entrepreneurship and has been developing all the major sectors in the private domain over the last several decades.

You have the best banks / financial institutions / pharmaceutical companies / aviation companies / telecommunication companies / computer companies / health care companies etc. in the private sector, in US.

But the sub-prime crisis reported in the early 2008, has changed all that. Now all the top banks in US are wholly or partly owned by the US government. Be it Citi group or Morgan Stanley or Merrill Lynch or Goldman Sachs, all are now owned by US government dominantly.

Even the largest Insurance company in the world, AIG, is now owned over 50% by the US government.

If the current crisis blows off in a big way, as is expected by good number of analysts, then we can expect the government ownership to only go up in the coming months.

How does the whole world ensure that the deadly human killer disease, AIDS, is prevented from further spreading.

Massive number of South African population are getting affected by AIDS everyday, due to lack of knowledge and awareness.

There are also millions of poor Asian fellowmen and women who are affected by AIDS due to poverty and lack of knowledge.

The WHO has to get into action quickly because further spreading of AIDS will lead to loss of precious human lives.

Crude oil prices have come down by over 60% from their all time high figure of 147 dollars to a barrel just few months back. There are lot of experts who feel that the crude oil prices may not go up dramatically in the near future, due to following reasons :

The world’s largest market, US, is facing its worst recession in the last four decades. The unemployment rate is at all time high of 8.5% and more and more jobs are being lost in Government and private sector every month.

The second largest market, Europe , is facing far worse situation, and most of the major European countries are in deep recession (closer to depression?).

Japan is seeing its economy shrink by over 10% in the last quarter. China and India are also hit badly due to global recession impact.

OPEC countries are fighting amongst themselves to pump in more crude oil than what they have committed in their monthly meeting, just to meet their massive budget deficits. Their budget plans for 2008 estimated the price to be at least 80 to 90 dollars, whereas in the last six months, the crude prices have averaged only 45 dollars a barrel.

The above issues cannot change over night, and might take at least four to six quarters to reverse.

Thus , it will be fair to assume that the crude oil prices may stabilize in the 40-70 dollars mark over the next few quarters.