Hi folks,

This week I didn’t do much because I was ill this weekend. I still am. So I won’t make it too long, I really need my bed.

I read 2 articles, both about the crisis in the US. The first one was about Ben Bernanke, the president of the Federal Reserve. He promised to help house owners who have problems with paying their loans. Because of adjustable rate mortgages, a lot of Americans can’t pay their loans. The result of this is that a lot of families saw their home foreclosed. Bernanke, together with various stakeholders in the public, private and non-profit sectors, want to help these people.

The second article was about the US economic recovery plan of Barack Obama, approved by the House. Obama wants to help America getting out of the negative spiral. Therefore Democrats and Republicans agreed to nearly $789 billion in tax cuts and spending.

I really hope America can get “back on track” because they are one of the key players in global economy. If they can get out of the crisis, the rest of the world will follow. I have confidence in Bernanke and Obama that they will help America and the rest of the world.

CU next week (I hope I’ll be in a better condition)

ST