Europe's new austerity measures

Because I wonder how the government are going to use the austerity, I pick this article. In fact, the process of austerity involves with people in a country. I think it is important for people to know that this process might change their advantages.

According to the article Europe's new austerity measures (2010), they are a lot of countries in European that using the austerity to solve the economic problem. Most of European countries plans to reduce the public spending by cutting down unnecessary expenses such as salary and premium.

In my point of view, saving money is the right way to do, but It has some disadvantages to poor people.

US money printing no "magic wand"

This is an significant news that relates to my term paper, and I pick this because understanding the basic of the economy is an necessary for people. In my opinion, everything is related to business. Then this article will tell them what is going on in the US economy.

According to the article US money printing no "magic wand", the US economy is in the economic crisis. Then the Federal Reverses plans to print $US600 billion into the financial system to make the economy growth. This process is also known as metaphorical printing of money. However, this is not going to help the economy. It is just a project that the government is in hope people will begin borrowing and spending and unemployment will decrease. Now, the problem begin because $US1.75 trillion already strikes the US. Ir affects some group of people, but most investor want this to happen. Moreover, American people are mad that the banks take all the money. On the other hand, Nobel Prize winning economist Joseph Stiglitz told that we are wasting a lot of money, and the government should find other ways to fix the economy. Too much money and poorly manage might cause the spike inflation (Ryan, 2010).

In my point of view, I think It is a option for the US to printing money, but these money should be manage in good way.

Austerity blues or going for growth?

I am interested in this article because I think that it is common for people to know about the economic in the country that they live in. Nowadays, people take more part in the business society. Everything is related to business which means interest and benefit.

According to the public controversy, cutting of public spending is not a good option to solve economic problem. In the UK and other countries in western meet the problem, which is how to reform the economic growth. Austerity also affects the UK and those countries in two ways which is economic and social. Cutting in most people benefit in the UK makes them angry, but the government will carry on this step until the economic get back to normal ( Killick, 2010).

In my point of view, the goal of the government is developing their economy, but there are always many choices which also have bad and good effect on society. For this news, I do not agree with the process of austerity because the result might cause the economic stagnation which make more trouble for the government. As the article pointing out, I also think that some group of people might riot because of the conflict of interest between citizen and government.