Current Foreign Finance

It seems that the world markets are still behaving poorly but will hopefully look brighter in a new year...a new age. According to x-rates.com for one dollar a person can receive 0.727033 pounds, 1.26607 Canadian dollars, 0.774593 Euros, and 1.5443 Australian dollars. These rates are still dismal but higher than they were in last August of 2008. Around the world stocks are falling desperately into more astringent situations. According to an article on the washingtonpost.com, Singapore businesses may have to expect less success than they wanted because of "unemployment and industrial production in the U.S. and Europe, and falling Asian exports." Because Americans are consuming less, this effects the material markets in other countries, especially the ones that make many of our everyday things like clothes. When the markets in the U.S. failed, countries were also less likely to invest in them because they too would not be making a profit. Even in terms of sponsorship, the American domestic business, AIG, has declined to continue funding the uniforms for the UK Manchester United soccer team ever since it had to borrow money from the U.S. government in threat of going bankrupt, according to CNNMoney.com. Without the means of monetary funds to support domestic businesses in one's own country, it becomes even harder for those countries' businesses to support other international businesses. Especially in this time for the U.S. companies have had to reduce consumption of materials from Asia and other parts of the world. Business and the monetary exchange rates will rebound as soon as governments and businesses realize their faults and make better budgets. I believe it is time for change, and maybe that change can begin in America.