Bill Gates, who is the richest man in the world, said today that the U.S. economy and will take years to recover from the recession ST. Moreover, he added that he expects the taxes in the United States will grow to be able to balance the budget. These forward Reuters, citing an interview, which gave Microsoft co-founder of ABC. Gates also warned about excessive government interference in financial matters and urged the President Barack Obama to focus on longer term goals such as education and prevention of the consequences of the deepest recession since the Great Depression. When such a crisis happens, take years of economics, “to dig up,” said Gates. The budget is already quite razbalansiran and even to return the economy back on the road to rise without changes in tax policy and the holder the right fiscal framework will remain on minus. At any time the financial markets will vzrat in this hole and it can not but cause problems, added technocrats. Microsoft co-founder said that “everyone is confused and difficult to slow economic recovery, but I think there is any magic wand with which the Government to expedite the process”
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The head of the International Monetary Fund Dominique Strauss-Kahn warned that the world economy can survive the next round of reduction and to get into the so-called dual recession, reports BBC. He advised the parties not to suspend incentive packages for the housekeeper, who last year brought to curb the decline in the national economy. He added that currently China and Asian countries contributing most to economic growth fragile. Economic recovery in developed countries has so far been weak. To see a stronger upward movement should be improved consumer demand and reduce unemployment. He however assured that this year would increase the IMF forecast growth of world economy.
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Recession, which is undergoing U.S. economy begins to affect the courts. This is evident by the huge number of cases brought this year, many of them one way or another connected with the economic crisis. Only in New York is expected to finish the year with a record in the history of 4,7 million cases, but many say is just beginning influx of claims, because trials generally come late to the crisis, reports New York Times. Information indicating that the majority of the cases are related disputes caused by the economic crisis. In the present case is not about processes which are considered bad debts or unpaid trade relations. In many cases, the cases are related to domestic violence caused by economic stress – loss of job or housing, says the material. Estimates are that cases of settling commercial disputes will rise by 9 percent from last year. Obvyavane processes of delinquent mortgage even increased by 17 percent. Meanwhile in New York area criminal cases increased by 7 per cent, and in less severe disorders has increased by 18 percent compared to last year. Evaluations of judges and lawyers suggest that such growth rates are typical for times of crisis, when even minor offenses such as theft in small increase due to the fact that many people lose their jobs. Therefore, a large part of criminal cases can also be attributed to cases arising from the crisis.
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