Business Publication Assignment #1

"Transcript: Tackling Climate Change"

http://www.forbes.com/2009/11/05/tim-wirth-thought-leaders-climate-change.html

This article discussed issues that would arise and need solutions to, in anticipation of a climate change. What I found most interesting among these issues was a shortage of food around the world. The US would have to produce 50% more food in the future to make up for the losses that would occur due to a rise in temperature, causing spoiled crops. Bioengineering is suggested for future use in producing food with nutrients as the food we will soon produce will be declining in nutrients due to the increase in temperature as well. I love to hear that some companies, like GE and Caterpillar, are not only a supporter of change, but leading the way by example.

"China Production and Retail Rise"

http://news.bbc.co.uk/2/hi/business/8353909.stm

What caught my attention with this article is how closely related China's industry is to that of the US's before the economic crisis. China's economy is doing better that expected and learning from the US's mistakes by not allowing borrowed money to be everywhere. China's banks have made lending more difficult rather than loosening standards like the US did, which helped lead us to being in over our heads and stocks falling along with the value of the dollar. Yet, China also understands the need for independence, the need to have their products be bought domestically and not rely on the US to support their economy. This strategy, in my opinion, will prove to be most helpful to them in the future.

"There Are Still Too Many Houses"

http://money.cnn.com/2009/11/10/news/economy/too.many.houses.fortune/index.htm

I am aware of the declining housing market, and this article confirms my awareness of the supply being far greater than the demand for houses. What I don't understand is why I still see homes and complexes being built around my hometown of Colorado Springs, CO. This article suggests that it is not just bad mortgages and foreclosures on many homes that are lowering the prices nationally, but rather just too many homes saturating the market. Yet, I still see builders building, which drives these older home values even further under, cause why buy old when you can buy new at the same price.