Monday 21 October 2013

Transport Evolution



Transport Evolution!







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Transport has continuously been subject to change. From the 1900's and the use of animals, to 2013 with automatic system based modes of transport. Regarding transport the economy is striving and it is improving day by day. The most popular methods of transport are bus, train, tram, airplane and cycling. The government aim to improve transport in order to increase output and reach customer satisfaction. Factors such as navigation systems have been put into place and the general layout of London buses have evolved and have become more comfortable, spacious and beneficial.  There are also Boris bikes all around London which encourage exercise as well as preventing additional pollution. Now scientists and constructors are looking for even better ways to enhance the evolution of transport by making all modes of transport electricity based and to have a 0% pollution rate. This aim hopes to fulfill an eco-friendly policy and increase the efficiency and durability of transport for the next hundred of years. It is very optimistic and smart however it is questionable whether the economy is ready to respond to such changes as it may require the price of traveling to increase and an increase in tax and other factors to also increase, therefore having left a recession not to long ago,  we are unsure whether this will be another great investment or just another mistake.



What do you think?
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Sunday 13 October 2013

World Bank president says US default would be 'disaster'

The president of the World Bank has warned that the United States is just "days away from a very dangerous moment" caused by the ongoing partial shutdown of the government.
Due to the spectre of America defaulting on payments if an agreement is not reached, Jim Yong Kim has predicted, the world is heading for an economic disaster.
US Commerce secretary Penny Pritzker has since suggested that the US 'will pay it's bills' and resolve the crisis.
Also, according to recent reports, the democrats are willing to negotiate on anything in order to resolve the issue at hand.
The democrat's Harry Reid have said that conversations are cordial since talks have been going on in Washington to try and fix the dispute between the Republicans and Democrats.

Sunday 6 October 2013

Economic confidence surges down within a week of shutdown

It has not even been a week since the shutdown of the public services in the US, however, it is reported that there has been a drastic decrease in the economic index for the nation.
 After Obamacare was declined by the legislature due to the already high debt of the U.S, there was an economic breakdown of services as the executive and legislature could not come to a reasonable agreement, this meant that many services were closed down. During this period, the economic index has now fallen down to minus 34, 14 lower than the previous week and the lowest since December 2011!
The legislature are adamant that they will not allow Obamacare to go through as it will raise the debt ceiling, however the treasury have already notified that the debt ceiling will need to be raised by October 17th before some bills go back to default.
Do you think the Legislature should allow Obama to pass Obamacare in a bid to get rid of the controversy at hand?