Wednesday, July 15, 2009

What will happen to the frogs?

Anyone who follows paul Krugman's column would understand the frog story... I always wondered why he always speaks only about american economy, but we should understand that american economy is very important for us because they influence the world economy to a greater extent. Coming back to the frog story, he mentions about two frogs one being the economy and the other being the environment. Both frogs are facing acute problems and not sure where they will end up. Many economists have predicted the GDP to grow soon but the point to be noted is that it is "Jobless Recovery". Thats the word to be noted. It means that soon America may face a slow motion human and social disaster. People being jobless for more amount of time would again mean that they will lose their savings, homes and more in the process. What about the other frog.. If the consensus of the economic experts is grim, the consensus of the climate experts are utterly terrifying. This is a matter of real crisis and it is very interesting for us to watch out how Obama acts on these issues. Please watch out.. Again.. only one thing to end with.. its fun to know things ...

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