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	<title>Streaming Magazine &#187; World Economy</title>
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		<title>U.S. not alone in &#8220;crapper&#8221; economy</title>
		<link>http://www.streamingmagazine.com/u-s-not-alone-in-crapper-economy/</link>
		<comments>http://www.streamingmagazine.com/u-s-not-alone-in-crapper-economy/#comments</comments>
		<pubDate>Sun, 12 Jul 2009 20:00:55 +0000</pubDate>
		<dc:creator>Brittany</dc:creator>
				<category><![CDATA[World Economy]]></category>
		<category><![CDATA[economist prediction]]></category>
		<category><![CDATA[hefty financial dump]]></category>
		<category><![CDATA[recession depression]]></category>

		<guid isPermaLink="false">http://www.streamingmagazine.com/?p=645</guid>
		<description><![CDATA[The toilet, or more aptly described &#8220;crapper&#8221; state of our economy at the present time is certainly not something that lifts many American spirits. For sake of the old adage &#8220;misery loves company,&#8221; I think I may have found something that might bring some cheer in this time of economic recession depression, or at least [...]]]></description>
			<content:encoded><![CDATA[<p>The toilet, or more aptly described &#8220;crapper&#8221; state of our economy at the present time is certainly not something that lifts many American spirits. For sake of the old adage &#8220;misery loves company,&#8221; I think I may have found something that might bring some cheer in this time of economic recession depression, or at least make a few people feel better rather than worse. It&#8217;s the simple fact that the United States isn&#8217;t the only country on this green earth taking a hefty financial dump. In fact, there are 11 other places with a worse economy than ours, according to a <em><a href="http://news.yahoo.com/s/usnews/20090710/ts_usnews/11placeswithaworseeconomythanours;_ylt=AlmaCxt1jznZ7SSpq1essQkDW7oF">U.S. News</a></em> report.</p>
<p>The International Monetary Fund&#8217;s most recent report on world economic conditions predicts a 2.6 percent decline in total U.S. economic output for 2009, and 0.8 percent growth in 2010.</p>
<p>Okay, so those aren&#8217;t great numbers. But at least they&#8217;re better than what the IMF came up with three months ago, which suggests it could get better in the next three months. (Keep you fingers crossed.)</p>
<p>But I&#8217;m keeping you from the good news I promised. </p>
<p>The IMF sees at least 11 other major parts of the world to have a more severe economic state than our own this year, including a good portion of western Europe, Japan, Russia and Mexico.</p>
<p>And here are those numbers (economist prediction of projected economic growth 2009/2010):</p>
<p><strong>China</strong>: 7.5/8.5<br />
<strong>India</strong>: 5.4/6.5<br />
<strong>Middle East</strong>: 2.0/3.7<br />
<strong>Africa</strong>: 1.8/4.7<br />
<strong>Brazil</strong>: -1.3/2.5<br />
<strong>World total</strong>: -1.4/2.5<br />
<strong>Canada</strong>: -2.3/1.6<br />
<strong>U.S.</strong>: -2.6/0.8<br />
<strong>France</strong>: -3.0/0.4<br />
<strong>Spain</strong>: -4.0/-0.8<br />
<strong>U.K.</strong>: -4.2/0.2<br />
<strong>European Union</strong>: -4.7/-0.1<br />
<strong>Central/Eastern Europe</strong>: -5.0/1.0<br />
<strong>Italy</strong>: -5.1/-0.1<br />
<strong>Japan</strong>: -6.0/1.7<br />
<strong>Germany</strong>: -6.2/-0.6<br />
<strong>Russia</strong>: -6.5/1.5<br />
<strong>Mexico</strong>: -7.3/3.0</p>
<p>Just goes to show that the U.S. is integral in the functions of the economies around the world, which also means that it might be up to the U.S. to pull the world out of its current slump.</p>
]]></content:encoded>
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		<title>South African President Zuma has work cut out</title>
		<link>http://www.streamingmagazine.com/south-african-president-zuma-has-work-cut-out/</link>
		<comments>http://www.streamingmagazine.com/south-african-president-zuma-has-work-cut-out/#comments</comments>
		<pubDate>Mon, 15 Jun 2009 14:00:59 +0000</pubDate>
		<dc:creator>andrea</dc:creator>
				<category><![CDATA[World Economy]]></category>
		<category><![CDATA[jacob zuma]]></category>
		<category><![CDATA[south african]]></category>
		<category><![CDATA[south african president]]></category>
		<category><![CDATA[south african unemployment]]></category>

		<guid isPermaLink="false">http://www.streamingmagazine.com/?p=399</guid>
		<description><![CDATA[South Africa recently got a new president named Jacob Zuma. If you know anything about President Zuma, then you know he&#8217;s had his fair share of legal issues and just plain issues. 
Zuma was part of the South African Communist Party in the early 1960s and was convicted of conspiring to overthrow the government. (Ironic. [...]]]></description>
			<content:encoded><![CDATA[<p>South Africa recently got a new president named Jacob Zuma. If you know anything about President Zuma, then you know he&#8217;s had his fair share of legal issues and just plain issues. </p>
<p>Zuma was part of the South African Communist Party in the early 1960s and was convicted of conspiring to overthrow the government. (Ironic. Now he actually controls the government.) In 1990, he was elected Chairperson of the African National Congress (ANC) for the Southern Natal region and worked hard to end political violence between the ANC and the Inkatha Freedom Party. Nine years later, he was appointed executive Deputy President of South Africa. In 2007, he was elected as President of the ANC, and on May 9 he became the president of South Africa.  He has no problem referring to himself as a “socialist” and thinks the concept of wealth distribution is a great idea.</p>
<p><span id="more-399"></span></p>
<p>Over the past five years, Zuma has been questioned about bribery and rape. He has 18 children, a few wives and a few more fiancées. </p>
<p>One sliver of hope that we can have about Zuma is his expectation to help the unemployed of South Africa, which was the main facet of his campaign. </p>
<p>According to the <a href="http://www.nytimes.com/2009/06/11/world/africa/11jobless.html?hp"><em>New York Times</em></a>, South Africa’s factory output plunged to a record low of 21.6 percent in the past year. </p>
<p>The main issue for Zuma will be to find a balance to please the two groups that brought him to power: the thousands of unemployed and the trade unions.</p>
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