1.How is the "domino effect" affecting the globl economy?
the reason why the "domino effect" is affecting the gobal economy is because it may lead the world into a global recession.
2. What caused the U.S. housing crisis?
The leading cause for the huge housing crisis is because people cannot afford to pay off some of their loans and morages for their homes.
3. Why is the cut in consumer spending a serious pr0blem?
The reason why the cut in consumer spending a serious problem is because the nation is on track to lose one million jobs this year because of it.
4. How is less spending affecting local and state governments?
The reason why less spending affecting local and state govrnments is because the less spending has caused a drop in sales tax revenue andlocal and states governments are cutting programs.
5.What trend does expert Brian Sack predict for the economy?
Brian sackswas forced to rescue many of its banks and spending of 865 billion dollars
6.What have the world's key central banks done to stop the crash.
The world key central banks are starting to work together to stop the cras by cutiing the inerest rates at the same time.
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3 comments:
Nice answers to the questions of the reading from the newspaper given by the teacher in the class during school on the tuesday of the novemeber...
Nice job and good answers
Ryan, I will discuss these comprehension questions later in class.
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