The difficulties of the global economy.

The global economic recovery is loosing speed, leaving the euro zone attached with a mild recession and the United State in the risk of following in this path, said the OECD on this Monday,cutting forecast strongly.
The threat of further deterioration if the body will get the euro zone does not deal with its debt crisis and U.S. lawmakers fail on getting an agreement to reduce cost, to the OECD warned.
In the absence of decisive action by leaders of the euro zone, the European Central Bank (ECB) alone has the power to contain the crisis of the block, said the agency, based in Paris. In the United States, however, the Federal Reserve has little ammunition available.

While the strong growth in emerging economies provides some momentum, the fall in global trade should reduce production in China, the OECD predicts.

In the semi-annual Economic Outlook document, the agency estimates that the growth of Gross Domestic Product (GDP) will slow to 3.4 percent in 2012, up from 3.8 percent this year.

It is a sharp drop against the previous forecast in May, when the OECD estimated that the world would grow 4.2 percent this year and 4.6 percent in 2012.

Struggling to contain an unprecedented debt crisis, the euro zone has entered into recession and will record a weak growth of just 0.2 percent in 2012, according to the OECD, reducing its forecast before the estimated growth of 2.0 percent given in May.

My opinion about the story:

I already told in this blog about the difficulties that the European nation is passing through right now, and of course when one part of the world have a economic problem that will affect other parts, and that is what is taking place right now.

I really do not care that they take a really drastic decision if that leaves us to a safer zone than the one that the world is locked right now.

Conquering space.

Astronaut Dan Burbank and Russian cosmonauts Anatoly Ivanishin  and Anton Shkaplerov  left before dawn on Monday to the International Space Station (ISS) aboard a Russian Soyuz rocket launched from Baikonur Cosmodrome in Kazakhstan. The flight marks the resumption of manned missions after accident with a rocket of the type in late August.

Burbank, Shkaplerov Ivanishin and should dock with the ISS on Tuesday and join the American Mike Fossum, Japan's Satoshi Furukawa and Russian Sergei Volkov aboard the station. The three oldest crew will return to Earth in the next day after taking care of the station waiting for the resumption of flights from Russia.

The next day on December 21, the American astronaut Don Pettit, along with Russian Oleg Kononenko and European Andre Kuipers will join the new ISS crew. The six will perform various experiments and also inaugurate a new era of commercial flights to the ISS, since the period they are on board will be conducted the first tests of the Dragon engagement, supply ship developed by SpaceX, and Cygnus capsule, another spacecraft being developed by Orbital Sciences Corporation.

My opinion about the story: I think it is great the way that we are conquering the space and all around. I think that the human race has been developing really well the ways and the techniques to have the control of this kind of stuff. I hope and truly believe that is not going to take us a really long time to us to be able to create and developed our life in another planet.

Euros and Europe

The French Prime Minister, Francois Fillon said on this Monday (7) that a new austerity plan in order to achieve financial balance by 2016, including spending cuts and tax increases.

Among the measures is the anticipation of entry into force of the Reformation. This is the second plan submitted by the country in less than two and a half months - thanks for the worsening of economic forecasts.

French Senate approves pension system reform in the country's GDP growth forecast from France in 2012 yields from 1.75% to 1% France makes strikes and protests against budget cuts in France, protests and prison awaits mark the G20 summit Fillon said that the legal age for retirement will be increased from 60 years to 62 years from 2017 instead of 2018. The prime minister also informed that the salaries of the president and ministers will be frozen.

The goal is to generate more than 65 billion Euros in savings by 2016 as a whole in order to make way for the French targets to reduce the budget deficit to zero. Budgetary savings are planned DE7 billion Euros in 2012 and 11.6 billion Euros in 2013.

My opinion about the story:

I think that probably is very hard for the countries in Europe pass for this situation now, Greece is passing for a really bad time in his economy, and the coin in Greece is the Euro and is the same for all the countries in Europe, when one country is passing between a hard time all of the others European countries will pass too.  I think that is the worst thing in a lot of countries have the same coin, whoever is good in the fact that, for this coin lose value is going to be harder.