Skip to main content

Stimulus Package amidst CoVID

The United states of America seems to be the worst affected and now the epicenter of the world as far as COVID Is concerned. More than 2 lakh people have been affected by COVID And
more than 3m5 mn people have filed for unemployment benefits from the Government.

That means the United states has to release a much bigger stimulus package this time worth USD 2BN to cater to the needs of all the people who have filed for unemployment benefits as well as for catering to the  needs of small and medium size business owners. The first stimulus package only apparently catered to the Big businesses in the US.
So where is the US Funding and paying for this stimulus package. It is levying more taxes, and at the same time giving tax cuts to corporate spending in the entertainment industry along with food and beverage industry and hospitality sector.
The stock market has now wiped out the losses of 2020 as the citizens of the country have their faith in the Government and the stimulus package it has come forth from time to time. But will this put a strain on th existing debt the US Is already in or will people continue to have faith in the financial system of the country. The currency was still strong and the economy was on an ever expansive mode just before covid happened.Does this mean that the Government will be able to pay back a trillion dollar worth of debt in excess of the existing 25 Trillian Dollar on the treasure bill. Some experts believe that it  can  as they are not really printing more money but finding the stimulus by selling of  corporate bonds
It is said, "if the UNITED States of America sneezes the world gets pneumonia." It is therefore important that this " Great ,"country makes its decisions widely as most currencies of the world are pegged against the US Dollar and it would mean the whole financial system to collapse and only increase the effects of recession if this issue is not dealt
with using the smartest minds.

Comments

Post a Comment

Popular posts from this blog

Friendships and Women Empowerment

  Women friendships play a vital role in fostering empowerment and personal growth. These relationships offer support, understanding, and a safe space for women to share their experiences, challenges, and triumphs. Bonds between women often transcend societal norms and stereotypes, enabling them to uplift each other in a unique way. Friendships among women contribute to empowerment by creating networks that facilitate mentorship, skill-sharing, and the exchange of ideas. These connections can lead to opportunities for education, career advancement, and personal development. Women often face similar struggles in various aspects of life, and by coming together, they can tackle these challenges collectively, fostering a sense of solidarity and strength. Moreover, women friendships challenge traditional notions of competition and rivalry, fostering collaboration instead. When women support and empower each other, they break down barriers and pave the way for progress. By celebrating ea...
Post a Comment
Read more

World Economic Forum Davos 2024

  Honoured to be a part of the Mega Event World Economic Forum,Davos 2024 which brings together the aspirations of the entire human race.In order to bring back home to our Country Bharat  🇮🇳 the best Resources in terms of Technology, trade, finances and human resources, the noteworthy achievements are the innumerable MOUs signed between leaders to create jobs, better health, sanitation,education,financial and trade relations and opportunities along with bringing about sustainable development to various regions. Davos  🇨🇭  hosts the World Economic Forum due to its historical significance  🏔️ , political neutrality  🕊️ , and modern infrastructure  🏢 . The scenic Swiss Alps setting  🏞️  and strong security measures  🔒 enhance its appeal as a location for this prestigious global event  🌐 . Historically, Davos has served as a global platform for leaders to address pressing issues  🌐  and foster private-public partner...
Post a Comment
Read more

Globalisation - A Paradigm Shift

 The World Economic Forum’s annual meeting held at Davos has been the largest and most talked about more so as it is going to put an end to the thought process of a few countries who were of the view of the  end of globalisation. Leaders around the world recognise that the future workspace is going to be a hybrid - virtual and face to face.Lack of cooperation is immense in society. We need cooperation even more today as after the Russia Ukraine war and the Covid restrictions still not completely lifted in some parts of the world, the world needs a lot of healing, which is more so prevalent due to the self seeking policy making in society. The World Economic Forum in Davos seems to take this challenge heads on and put an end to this vicious cycle.Even today 1 percent hold 45 percent of the wealth. The system works for a few billionaires . This economic down turn is likely to trickle down in economies. The complexity of solutions interdependence and connectivity of all...
1 comment
Read more