For the economy the holiday times are actually quite important. A majority of the worlds shopping is done near the christmas and this has always a rejuvenating effect on the businesses. This year the confidence of the consumers is dipping and we are expecting an all time low in spending.

Employment is an issue which worries most of the consumers, and this has lead to people expecting less gits. Not only are the consumers going to buy less gifts, but they are also going to spend less in food and decorations.

The consumer confidence index (CCI) has dropped from the figures of above 54 in august to below 54 in September, and the experts expect it to drop even more as we approach the Holidays.

Due to the fact that consumer spending makes the majority of the economic action of the US there is extreme monitoring of households done.

It remains to be seen if everyone is waiting for the sales after the Holidays to make their shopping.

Olympic games are the pinnacle of athletics. There are many atheletes whose main goals are always set for the olympics and the only train in cycles of four year to peak their condition for the one important day that they will have. It is the dream of all the athletes who ever start doing sports to one day be in the olympics and to win. Also it has become a great honour for the country and the city which is organizing the games.

Michelle Obama has announced that United States is going to apply for the 2016 Olympic Games, and that they will be held in Chicago. “It’s a battle — We’re going to win” said Michelle Obama the first lade at the White House State Dining Room. On thursday her husband – The President – is going to fly to Denmark where the Olympic Commitee is reviewing bids. It is going to be the very first time that a president of United States is taking so much interest in the Olympic Games.

It seems that Obama sees the possiblities in this to lift the ecomony out of the gutter. With the games there comes heaps of tourism and income from tickets, hotels, merchandise and other income.

After two weeks of hesitation The White House has annonced their response to the election of the new Afghan President Hamid Karzai. He was the winner in the recent disputable election where they found proof that almost a fifth of all the votes might have been fraudulent.

Obamas Administration clearly turned their backs on their previous standards to not take take a stand before the investigation of a possibly rigged voting has completed. They have admitted that Karzai will be the president for the following half a decade because of the fact that even if there was a re-vote he would most certainly be still elected due to his large and wide spread group of supporters.

This is going to definitely force President Obama to give further reasons for US troop deplyoments to Afghanistan.