Current Event of the Day

http://www.nytimes.com/2008/10/31/business/31yen.html?_r=1&ref=business&oref=slogin

Hey, this is the article that I read today, and its title is Japan Offers Stimulus Package to Spur its economy.

This Thursday, Japan offered a 51 billion dollar stimulus package for businesses all over japan, This was one of the biggest efforts from Japan to help the global credit crisis. After they announced a plan to help their economy, shares surged throughout the region. The package also included a large amount of tax breaks.

I knew this was going to happen, eventually every nation in the world was bound to be sucked into this problem, and now people are finally realizing that this needs to be stopped. Hopefully out worlds nations can get this fixed, and hopefully, the world's governments can figure out what to do to their economies to keep this from happening again.

That's this weeks current event, see you guys later.