Vice President Joe Biden is joined by Chair of the Council of Economic Advisers Christina Romer as he discusses the latest quarterly report on the economic impact of the Recovery Act. July 14, 2010.
A. Would establish a $30 billion emergency housing fund to assist states and cities mitigate the effects of mounting foreclosures. Would also include a 90-day moratorium on subprime foreclosures and an automatic rate freeze on subprime mortgages of at least five years. Would provide $25 billion in emergency energy assistance for families facing skyrocketing heating bills. Would invest $10 billion in extending and broadening unemployment insurance for those who are struggling to find work. Would accelerate $5 billion in energy efficiency and alternative energy investments to jump-start green-collar job growth.
B. Would pump $75 billion into the economy via tax cuts and direct spending targeted to working families, seniors, homeowners and the unemployed. The plan also includes $45 billion in reserves that can be injected into the economy quickly in the future if the economy continues to deteriorate. Would provide an immediate $250 tax cut for workers and their families and an immediate, temporary $250 bonus to seniors in their Social Security checks. Would provide an additional $250 tax cut to workers and an additional $250 to seniors if the economy continues to worsen. Would extend and expand unemployment insurance.
C. Would lower the corporate tax rate from 35 percent to 25 percent. Would allow first-year deduction of equipment and technology investments and establish a permanent research and development tax credit equal to 10 percent of wages spent on R&D.
Since we are one of the few green educators for those interested in green industry potential yet recognized as leaders in the US I think you will agree and appreciate our approach. We should know by now real estate is the great equalizer. Cure that disconnect and most of our problems go away. Green building and the energy sectors create value, plain and simple. This is the new industrial revolution, and let’s begin not tolerate republican and democrat whining. After green certifying 4300 in just 24 months we still have so developers, those in politics and in high places who still are so uneducated. It amazed me that most still feel it is more expensive to build and or renovate green and do not understand first costs vs life of a structure and marketing potential. So while people lose jobs and green products and systems manufacturers are hungry, in fact starving for their products to get to market, this is the precisely the disconnect. Is it me or isn’t it common sense how important Realtors and Mortgage, finance, inspection, and those professionals in charge of valuations for the built structure to get education? They are in properties 24/7 to make money from this sector so do they have a stake or what? This is our target market. There is such a disconnect. If anyone has goals for overcoming obstacles for development for renewable energy I can tell you, it is education. When you wonder how to have effective communication for all of the above it is communication. When you wonder how private investors and pension funds and bankers will change their views about what the new green revolution can mean to a real estate investment it is education. Real Estate is the great equalizer and the great destroyer. Every market, every product and every system and service somewhere in the “chain” has real estate in their portfolio or in their short and long term investment plans. Since land and the structure on the land is real estate, can’t you just see the potential for taking all of the old farms that aren’t selling, and old factories that are sitting and all that land that is sitting and turn it into bio refineries? So, I train, STOP COMPLAINING. Get into the game.
Millionaires and Billionaires will be made in the next 5 years and those skeptics who want to keep thinking this is about tree hugging, and saving the polar bear should turn on their MBA, they learned nothing and move over for those who see caring about the future through their children’s eyes will prevail. But understand this hits every concern. There are those who want to combat high utility bills they are going green. Those who believe in global warming are go green. Whether you hate funding terrorism or just don’t want to rely on third world countries controlling our energy consumption for and gas oil, jump in and get involved. So if you are wondering what this means to your business, to your as an individual put education at the top of your goals and all will fall into place. Real Estate will rebound, people will buy if they have a better home and lower utility bills. Investors will invest in bio refineries, and jobs will be created for new technologies. Remember computers? On all of the land that is just sitting that is for sale. and the incentives the administration may be offering can kick start us all.
Introduction: The financial crisis which started from July, 2007 can be attributed to indifferent and inefficient credit policy as well as under-regulated and over-regulated economies of the world above all economic injustices and economic disobediences. On cause of the crisis can also be endorsed to misbalanced interest rate which caused increasing the extra-ordinary expenditure beyond the optimal level and flooded the money supply to the market causing inflationary tendency to the economy. It may be kept in mind that if outflows continue and inflow is stopped the giant stock is also ceased to exist causing occurrence of crisis which tells us to keep balance between inflows and outflows. The foundation of the world economy is interest based which does not bring true happiness to grass-root level and neither helpful to alleviate poverty as it is against the nature and exploits the poor rather relief them therefore ‘interest based economy’ should be converted into “service-based economy” i.e. instead interest “service charges” should occupy the economy as “service” has blessing of Allah. The activity viz “Service” should remain “Service” not become “self-service” which would hurt the economy. It is pertinent to mention here that the economies of those countries which are holding to the properties of nature such as Japan, China and other oil producers are in surplus. Moreover, the interest based economy is helpful in increasing the volume of billionaire and degree of poverties whereas the world economy should be helpful in increasing the volume of thousanaire (terminology used for the people counted average and above average income groups). Economy flourishes if middle and poor class segments of the society flourish. If opposite is occurred and only upper class flourishes no one can prevent the revolution which might be bloody as economic inequity creates turmoil and catastrophe. It is spiritual truth that unless we increase the volume of middle-class by reducing the level of billionaire and millionaire as well as the poor class we cannot alleviate the poverty from the world.
Until 1971 dollar was tied to gold content, so the US currency was supported with gold reserves of the USA. However since 1971 dollar and gold correlation was canceled and dollars were produced in unlimited amount. Dollar purchasing power was ensured not only with the USA GDP (as it usually happens) but also with the GDP of other countries in the world.
It is ok, but the states which indirectly supported the power of dollar with their economies never had control on volume of dollar emission. The USA government doesn’t have such control either. The right of control has only the Fed of the USA.
Every country stands for its own development. For this purpose the state introduces and implements new policies and programmes such as Special Economic Zones Act. After 60 years of its independence India with its 110 core population has evolved a new paradigm of its political economy which is confusing. The policies and programmes initiated by Indian government to create a ‘global village’ based on free market economy and free trade among nations cutting across all barriers, abolition of national boundaries and dismantling the nation –state system giving priority to ‘market’ over the ‘state’ . After the enactment of Special Economic Zone Act 2005, it created tremendous effects on political economy of the country.