Light at the end of the tunnel?

The world is facing one of largest economic crisis

If you are economically handcaped, jut like me, I am sure you have come across words like, world economic meltdown, financial crunch, economic crisis, recession...the list goes on. These are the terms meant to describe the situation that the world finds itself in today.

More and more people have lost their jobs and more still continue to loose them, because providers of employment in the world are going bankrupt. We have not seen much of an impact in Namibia, of course except for industries such as mining, where workers are likely to be retrenched. Even though, we seem to be on the safer side, if this crisis persists, we might begin to feel the pinch. If the G20 meeting of the world's strongest economies is anything to go by, we might go on unscathed.

The leaders of the afore- mentioned economies have reached a crucial agreement worth one trillion US Dollars to help ease the impact of the global financial crisis. This is a effort because it means economies of the world would be revived and stimulated and thus more and more industries would begin to absorb people in jobs. It's good also due the fact that, this is a world crisis and dealing with the problem individually would prove to be difficult. The good thing, that I mostly applaud is the assurance that, more stricter laws would be put into place to regulate finances, for we find ourselves in this mess, because of relaxed, senseless-good for nothing laws that were exercised by particularly American banks.

We would love to see leaders full-filling this pledge and monitoring progress of the situation at hand. A world where jobs are scarce and banks are broke, would only lead to chaos.