united states

What’s with the U.S. Debt Ceiling issue?

One of the most highly controversial topics in the United States right now is the Debt Ceiling issue. Basically, U.S. lawmakers are debating whether they should increase the country’s debt ceiling and, if yes, by how much. Much of their disagreement and discussion focus on the policy implications once the limit is raised.

Background of the Debt Ceiling Issue

Like any regular sovereign state, the United States relies on borrowings to finance its spending. In fact, the United States is the #1 borrower in the world, with total external debt amounting to $14.3 trillion as of May 2011.

That’s where the problem lies. The United States is limited by law to borrow a certain amount. This limit, or debt ceiling, is currently pegged at $14.3 trillion. However, according to the U.S. Treasury, this limit was reached in May 16, 2011 and the country only has enough money to spend until August 2, 2011 — a few days from today.

Read More

Unemployment Rate among US MBA Graduates

In the past, graduates of MBA programs, especially in the US, are almost always assured of a job after graduation. The sad reality now, however, is that this is no longer true.
A BusinessWeek magazine article seems to show that it is a bad time to graduate now since job recruitment has slowed down for most US MBA graduates.
It doesn’t matter if you got the degree from Harvard or Wharton. As you can see in the list below, even renowned MBA schools in the US were not spared from the brunt of the economic recession.
The list compiles the results of a survey conducted among recent MBA graduates showing there is rising unemployment among MBA graduates.

Read More