Current+Events+-+Martin

__Global Recession__
Global recession is a business contraction, a general slowdown in economic activity over a period of time. It affected the world the most because unemployment rate rises.Investment spending,capacity utilization,business profits and household incomes all fall during the recession.Many workers were lay offed because of this recession.And almost 80,000 jobs were lost or put under threat in the UK, Europe and US, making it one of the bleakest days in recent memory.Thats why this global recession was considered as the worst financial crisis since the Great Depression.This crisis existed because many people were using credit cards all the time. And then those people were not able to pay their balanced in their credit cards.Many people are still hoping that this year they can find jobs for themselves.

=**Current Events - Jan.15, 2010**= = = __Earthquake in Haiti__

Last Tuesday, January 12 at 02:53:10 pm an earthquake occurred in Haiti. The earthquake has a magnitude of 7.0. And the earthquake occurred on the boundary region which separates the Carribean plate and North America plate.It occurred with a depth of 13 kilometers. United States Geological Survey recorded that there was at least 33 aftershocks. And the International Red Cross said that they're three million people that were affected by the earthquake and 200 000 people died because of the earthquake. The Presidential Palace, National Assembly building and Port-au-Prince Cathedral were some of the major landmarks that were destroyed. The quake occurred under land thats why people on the surface were directly exposed to the tremors.Many people in Haiti slept on the sidewalks or on their cars. Other countries are sending search and rescue team in Haiti, and they are also sending foods and water for the Haiti people.In the US, $48 million has been raised for the Haiti people.

**Current Events - Feb. 12, 2010**
__ Bill Clinton Released from Hospital __ Former U.S. President Bill Clinton has left the Manhattan hospital on friday morning. He was confined in the hospital and he went on a heart procedure last thursday. He was admitted to the hospital after feeling a pain on his chest. He underwent a procedure to place two stents in one of his coronary arteries. Know, he is in good condition and he will continue to focus on the work of his foundation and Haiti's relief and long-term recovery efforts.