The World Bank has revised downwards its prediction for 2009 global GDP growth. The World bank had predicted in March 2009, that the global economy will contract by 1.7% in the year 2009.
Today, it has revised its prediction to a 2.9% contraction in Global GDP, due to continuing turmoil in US and Europe. The World Bank is expecting an addition of at least 100 million people to the poverty list, across the globe.
The downward revision has to be taken with a pinch of salt by all those optimists who are still hoping for a US recovery by the end of the year. Considering the very bad state of the government finances in US, the World Bank prediction looks realistic.

When the going gets tough, the tough gets going. When the business conditions become very tough, with only few customers left to be grabbed by all the companies, then only those with unmatched powers and techniques will be able to survive. One of the basic approach to business survival and growth is to adapt the latest technology.
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Emerging nations like India / China / Russia / Brazil and few other Asian and African countries, were the star performers in 2007, with 8.1% collective growth in GDP. Then again in 2008, they outperformed the developed world countries with a superb 5.8% growth.
The International Monetary Fund is now projecting a growth of only 1.8% for the group of emerging nations , with dominant contribution from China and India. The IMF report says that , if China and India were excluded from the group, then they would be posting a 1.6% negative growth rate.
The emerging nations will take a longer time to recover, because the first few quarters of revival in the developed world will benefit only their domestic companies.

When you are in Paris, you typically stay at a big hotel chain. You get a tiny room and you pay a fortune for it. You go and see the landmarks and then go home. You think you have seen Paris. But, there is another way of seeing Paris. Stay at Hotel Paris which belongs to the bed and breakfast group, among the parisians. You get to understand what Paris is all about. You can also practice your french if you feel like. You can book the rooms from anywhere. You have similar hotels in thalasso and Hotel new york also where it is hotel but not just a hotel. You will get your bed and also your breakfast there.

 
Find a tenant is not easy. You need to probably advertise in papers and wait. And, once you get somebody coming for your apartment, you need to find out all about that person and then negotiate. Similarly, if you are a person hunting for an apartment, finding the right apartment is not easy. But, Roomster.com makes it easy for both the parties to find each other. It has cool feautres such as google maps,last member login, quick messages, quick links & the apartments to share feature which make it very easy to use.

There are a few things you need to be sure of while putting up your restaurant. The first one is where you are going to put it up. Remember it is all about the retail space and retail is all about where it is located.

Second, what kind of dishes you are going to serve. Are you going to serve mexican cuisine? Chinese? Indian curry? You need to be clear about that.

Third, what kind of decor you are going to put up? This will be crucial. The decor means the interior colours and the kind of tables and stools and bar tables and chairs that you are going to have there. You need to have the right kind of restaurant chairs and restaurant furniture and the bar stools . Without them, the restaurant would not look nice.

You need to basically buy these furniture from the right place. A good place can be the online retailer The Seating Expert. They offer economically priced wholesale commercial furniture for bars, nightclubs, hotels and restaurants.

They can give you any quantity of furniture . They have furniture such as bar stools for indoor and outdoor use, dining chairs and booths for restaurants and tables for banquet halls. They also have luxurious sofas, love seats, upholstered chairs and ottomans in rich leathers and fabrics patterns. All these are available in a range of colours so that it matches the exterior colours . You can also get indoor and outdoor dining tables and pub tables for bars. All the products are made of high quality materials such as good quality woods and metals or combinations of them.

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Things are moving from bad to worse for California, the largest state in US. California saw the unemployment rise to highest ever recorded so far, to 11.5% in May 2009.
Even the government sector was not spared and recorded a loss of 14200 jobs in May 2009. With the government finances expected to vanish in the next few weeks, there is a strong possibility for a two notch or three notch downgrade for California. All the three leading global rating agencies , namely Standard and Poors, Moody’s, and Fitch have indicated their plans to downgrade California rating in the coming weeks, unless the government comes out with realistic plans to cut the surging budget deficit.
This only can accelerate the job losses in the government sector in the next few months, which is already ruling at multi-year high.

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US citizens who have been evading tax payment in US and stashing it away in Switzerland banks are in for more trouble. The US and Switzerland authorities have agreed to share sensitive bank account details of those individuals who are confirmed to have dodged tax payment to US authorities.
The effective implementation of this would lead to another bout of withdrawals from Switzerland banks which looks inevitable. Switzerland can no more claim to be a safe haven for tax dodgers across the world.

When the September 11th attack happened on New York several years back, the then US President, George Bush, was given a red carpet option to handle the terrorist issue effectively. But Bush instead of using the local bully Pakistan to tackle the Afghanistan and Iraq issue, he chose to handle the hot issue himself, and ended up only with lot of negative points. He made the entire Muslim world, and even other world powers like China and Russia, see a weak US. The incapability of the US intelligence agencies in reading the terror network and their movement, lead to also loss of over 4000 US + NATO forces. The wrong assessment of the problem and the wrong military approach to the issue was supported by the then British PM Tony Blair, who eventually lost his job in a merciless manner.

Now Barack Obama is doing the scavenging job of clearing all the bad names created for US and its allies.

Again, North Korea is paving a neat and effective option for Barack Obama to correct all the past errors and make the entire world respect US as the supreme power in terms of military and also intelligence and also firm action.
By provoking US / Japan / South Korea blatantly in the last few weeks, North Korea is giving a plateful of lovely options for Barack Obama, which can be decisively met by US through various means. The first option of UN sanction has been already used and US needs to just get other countries in implementing the resolution aspects.
US needs to be totally alert with all the action plans for various scenarios ready for execution in minutes of any eventual action from North Korea.
For example, if there is an unprovoked long range missile launch from North Korea, then US must be ready with all the options including strong and decisive military retaliation , which must be short but very powerful. That means using the right kind of aerial routes and tools, and selecting all the important targets inside North Korea.
By doing that, US will be able to convince the world (excluding certain power centers in China and Russia who are tacitly supporting North Korea), that it has only acted in self-defense, and also keep the options open for North Korea to voluntarily come to the negotiation table, on US terms.
And it will be prudent for Barack Obama to see the North Korean issue as a Korean regional issue, and provide strong and quick fire support to South Korea in handling the issue. By using the local expert in handling the issue, US will be able to pull the string on North Korea the way it wants.
By making North Korea kneeling down, US will also be able to send strong message to Russia and China, more particularly China, which is using indirect means to gain global military status.
If you take history, US has been failing in its direct military intervention , right from Vietnam, Iran, Iraq and Afghanistan. So Barack Obama has to find a better and quicker way to regain global supremacy.