Here are my thoughts on today’s headlines. Everything but the titles is written by yours truly.
Twin crises sap the world’s optimism by Deborah Yedlin:
A number of economists have predicted that the world and the global economy are in for a double-dip recession.
The article listed percentages, statistics and many numbers regarding the S&P/TSX, the Dow and the declining value of the euro.
What caught my eye however, was the article’s accompanying photograph.
The cutline read, “In Athens, protesters beat a police officer during a rally against government austerity measures designed to alleviate the country’s debt crisis.” The photo shows several men attacking an officer.
At the G8 and G20 summits, the world’s largest countries made commitments to cut their deficits by half by 2013.
This of course means that instead of stimulating the economy out of its slump, governments are opting to cut budgets.
Like I said, the article focused on the facts: it was the photo that focused on the effects.
Slashing budgets may be a logical way of reducing debt, but it definitely does not meet the needs of the people.