THE WORLD IN REVIEW

THE ECONOMY: VERY WEAK!!
There isnt much improvement at all in anything. Yes the automobile industry has improved but only marginallly. General Motors profits are suspect. They are making money yet the pile of cash that the government gave them keeps going down. And if their public offering was so well subcribed why were foreign investors like China allowed to buy into the offering.
While Gm is certainly making better designed cars unfortunaly they arent yet making cars that run better. And consequently Gm is still a troubled company.
THE FEDERAL RESERVE:
The new Republicans are going to try and curtail its power. Bernackes big mistake was in bailing out the banks and neglecting the manufacturing base. The result is a stagnent economy that shows very little sign of recovery.