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The undervalued and overvalued currencies are having a war against each other - each struggling to either lower or maintain their value. Since the worth of the currency strongly affects exports, this phenomenon is quite crucial to our lives. The article presents the issue through the prices of Big Macs.

On the world stage, the debate over Keynesianism played out between the big powers during the world financial recession. Whilst the conservative British and German governments have been significantly reducing their government budgets, President Barack Obama has been priming the Keynesian pump by advocating much government "stimulus" spending. Obama's predecessor, George W. Bush, also spent federal cash in attempts to revive the economy...

Many people, especially people who can afford oil at the moment, complain of it being too expensive at $40 a barrel. However, economists say this is nothing compared to oil's future price. Some even say it is too cheap since its demand has increased dramatically while it can only be provided in a certain amount. By raising its price, it could lower the demand. At the Association for the Study of Peak Oil 's conference in Berlin, it was discussed about the consequences of oil's rising prices.

I agree with you. It is true many people do not value what they have. Most of the resources are consumed at the rich countries, and we still want more. Instead you´ll never hear a man who just have enough to feed his family complaining because rice is 6 cents more expensive, if he still can afford it.... sometimes we do not see it, but we are really ungrteful.

i agree with you as well Constance but when the price for oil will increase it will also cause a chain reaction that would increase prices on products as well. do you get my point ? ? if a person needs oil he wont be able to live without it lets take an example i am a villager who has a big valley where i gather potatoes like 20 tons. i need to transport them so when transportation price will increase i will have to increase price on potato . so you see what i mean it a little bit miscellaneous point

This is a NYT editorial article written in June addressing the issue of a looming trend of protectionism. The big trading nations' patience with the open market is wearing thin with the sluggish economic recovery. However, it is crucial that the world stays committed to the game with a sense of common purpose to survive the economic crisis. Protectionism brings disruptions of the international supply chains and reduce economic activity.

This article discusses the different views of the Republicans and Democrats on setting the 2012 fiscal budget. The US government almost shutdown because the parties could not come to an agreement on how to spend money. This is a big topic in the US right now, especially with the increasing debt.