Q3 Blog #11

For this outside reading we were supposed to find a text about a global issue. So I read an article on The New York Times website about international economic problems. The article is called Appeal of the Dollar Adds to Woes of Ailing Nations by Peter S. Goodman. It talks about how due to recent economic troubles investors are investing in less risky endeavors. This makes it harder for entrepreneurs in poorer nations to raise money. This article shows the great effects that the U.S. economy has on the rest of the world. As it has been said when the U.S. sneezes the rest of the world catches a cold. Foreign investment has dropped significantly in recent years. This drop is causing a profound effect on other nations. They are hitting even worse times than we are. This article shows the huge effect the U.S. economy has on that of other nations. As it has been said the U.S. sneezes and the rest of the world catches a cold. It is important not to forget that we are not the only ones struggling in the world.

Goodman, Peter S. "Appeal of the Dollar Adds to Woes of Ailing Nations." The New York Times. 3/15/2009. 3/15/2009. .