Mike Pouraryan
Eyes Of the World are on London.....
:
And???
The G20 Class of 2009
The World's top 20 countries have desended upon London. London has braced itself for anarchy. Anyone who does not understand the anxiety felt by the people of the world seems to be living in fantasyland.
Behind all the smiles, there is serious work that leaders need to tackle. There is no way in the world that in one day, they would decide to solve the entire problems of the world. However, I view the comminque that is to be issued at the end of the summit as setting the tone of things to come.
As the deliberations continue, the suffering continues. Companies are laying off people. The U.S. Auto manufacturers just came out with their March sales numbers. The only word to explain it is terrible!!! The people continue to be as nervous as ever. In the State of California, there has been a marked drop in Sales Tax Revenue because people have cut back on their purchases. Sales Taxes help fund local government services. Some cities have seen drops as high as 30%. In addition, polls numbers indicate that there is a good chance that the revenue measures scheduled to go before the voters on May 19 will fail --triggering a doomsday scenario of further cuts across all fronts.
It is extremely tough to be optimistic as I continue to assess the state of our world. The choice are stark and the road ahead is not easy. What other choice do we have?
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