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Thursday, September 24, 2009

9/24/09 Hope for the Economy

"On September 24th and 25th, the world's financial representatives and leaders will come together to discuss economic policies and address the global financial crisis in Pittsburgh." The G-20 Summit begins tomorrow and the delegates are arriving (our President arrives today). President Obama will chair this meeting of 20 leaders from countries around the world that represent 85 percent of the world's economy.

Pittsburgh was chosen in May by the White House (the last summit was held in London in April). The reason for Pittsburgh? "The reason, according to the White House Press Secretary Robert Gibbs, was that Pittsburgh today serves as a model for economic and environmental transformation in the United States and abroad. The city has reinvented itself by building a balanced, innovation-driven economy based on its strengths in advanced manufacturing, financial services, information and communications technologies, health care and life sciences, education and research, and energy and environmental solutions." Pittsburgh has the first green convention center (where the Summit is being held) in the nation and the former steel mill town is now known for its higher education and health care and technology innovation.

They've been preparing for the Summit for months now here. Streets have been repaved (although many roads are closed) and many local businesses and schools are closed. Downtown looks like a police state (police officers from every suburb are working this event; there was a lot of violence at the London summit that they are trying to avoid here) and hordes of protestors have come to town as well to draw attention to their issues (8 Greenpeace activists were arrested yesterday hanging off one of the city's bridges).

No matter what your political or global views, I think we can all agree to have hope that the mission of this Summit is successful (to evaluate measures taken since the London summit and to implement new policies that will stimulate the global economy). We should all keep hope in our hearts that our economy will improve!
*In response to Comments:

Barbara- I hear DD graduated last spring with a double majors (Marketing/Intl. Bus.) and it was almost impossible for her to find a job (almost all her friends in Bus. went to grad school because they couldn't find a job). DD is in an Advertising job now and makes less than what I did when I moved from teaching to my first job in the business world over 20 years ago...not enough to live on (but we keep telling her the experience is invaluable because advertising is what she wants to do). Tell your son to start looking for an internship with a company that might hire him once he graduates, as soon as he can. Keep the faith...things have got to start looking least a little!

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