New World Blogger

For those of you who may have been wondering, the lack of posts in the past couple of weeks were due to the fact that I was travelling. But now I'm back, and back to blogging...

It's hard to believe the economy is getting better. Sure, Bush & Co. are quite busy advertising what we all know simply isn't true. But the global recession doesn't seem to be getting any better, and it goes far beyond US gas prices -- probably the main concern of most Americans right now.

Unemployment soars, especially in the third world. In Sao Paulo alone, 20% of the population is either unemployed orunable to find work. Recession also reaches the first world, and Europe is taking a hit. Inflation rates have reached a two year high. This is significant because the whole of the EU tries to keep strict regulations on inflation so that the individual countries can each keep relatively comparable and compatible economies. Especially with the recent enlargement, further recession could create tension among the 25 member states