3 Ideas around the World That Could Fix U.S. Economy | Long Beach, CA

Bloomberg Businessweek: Below are 3 creative ideas from around the globe that could revive U.S. economy. There are 9 ideas originally reported on Yahoo Finance, but we select only top 3 that are highly applicable to U.S. to be posted here.

1. Minimize Mortgages (Germany): In Germany, housing market is less likely to booms and busts because only highly qualified buyers can get a mortgage, and they have to put 20-40% for down payment. Its housing prices increased only 9% since 2003. U.S. should toughen its lending rules to prevent another housing market crash.
2. Open the Doors (Turkey): Many people think that U.S. is a land of opportunity for foreign investor. In fact, it is a lot less welcoming compared with other countries such as Turkey who set up Investment Support and Promotion Agency and arrange tax breaks for multinational companies. A turkey-style mix of tax incentives and legal assistance might persuade more foreign firms to invest in U.S. and, thus, create jobs for Americans.
3. Swords into Software (Israel): The Pentagon should learn from Israel on how to convert defense budget into commercial products that can benefit the broader economy. Israeli Defense unit has launched successful software ventures such as Check Point Software Technologies, ICQ, and NICE systems. In U.S., no one is responsible for getting commercial bang for military bucks, which means there is plenty of room for improvement.

If you are struggling in today’s tough economy, City Loan is always here to help. Whether you own a car, truck, RV, motorcycle or boat – City Loan can give you a loan today. Bad Credit? No Credit? No Problem! Contact City Loan today and get the cash you need. Fill out our online application or Call 1-877-CASH-SOS