The economy continues to stir things up. Just a few of the recent events include the tribulations of the American automakers, continuing problems with the $700 billion stimulus package, and AIG deciding to handout over $500 million to its top employees.We’ll be taking a look at what’s popular and what people are talking about most. Listed below are the five most discussed and influential articles of the past week.
Receiving over 2,332 Digg votes was Time Magazine’s article “Why Canada’s Banks Don’t Need Help.” With the Canadian banking system recently voted the most sound in the world, the Erik Heinrich describes how the relationship between the Canadian government and its banks has allowed them to remain secure through the current crisis.
Following closely behind with 1,823 Digg votes, the Washington Post article “AIG to Pay Millions to Top Workers” stirs up debate on whether it is wrong or not for a company that has received government aid for the terrible financial decisions it has made, to spend over $500 million on its top employees. The public appears skeptical about AIG’s need to “keep its valuable works for exiting” when the company is drowning in red ink.
In thirds, with 1,276 Digg votes, the Houston Chronicle’s “Pull Away Blanket of Secrecy on Federal Bailout” rebukes the government’s eschewing of money it is spending on this crisis.
In another online corner, readers of Newsvine have been discussing Msnbc’s “Automaker Bailout Appears in Jeopardy” which chronicles the troubles of the Big Three automakers as they desperately seek government aid. The debate is at the forefront of the media as Democrats push for a bill to keep the automakers afloat, while Congressional Republicans are worried the money won’t be spent on what the companies need most: more fuel-efficient cars and company re-structuring.
Newsvine readers’ second pick was “Paulson, Bernanke Defend $700 Billion Bailout” also from Msnbc. This topic is critical as Paulson announces the changing focus of the bailout plan. Instead of buying toxic assets, the government will now invest directly into the firms to elicit more immediate results.
Today's popular image: Time Cover -- Obama as FDRIs this is what you are talking about?
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2 comments:
Currently I've been reading a lot about the effects of the recession on Citi Group and how the government plans to intervene with the international institution. Also, the automaker bailout is remaining at the top of the media's
agenda. This should remain so, especially with the speech from the President-elect later today.
There are many different news articles out there right now. Some are talking about AIG, some about the government bailout and some about the Canadian banking system. When you put them all together, however, they are all discussing the same thing, our economy is crumbling and we do not know what to do about it. A few weeks ago people talked constantly about gas prices, and environmental issues. Give the people a few weeks with a plummeting stock market, and the conversation turns around pretty fast. The latest chapter in this saga of the economic downturn is the bailout of citigroup. Hopefully this will be a ray of good news in this troubled time.
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