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Inspired Economist Pick of the Week


This column highlights the top economic stories of the week.

Last weekend, the biggest players in the health care industry announced that they would put together a cost-cutting plan to present to the Obama Administration.  The expectation is that the measures will save a family of four $500 a year in the first year, and  $2,500 a year by the fifth year.

Federal Reserve Chairman Bernanke said that the response to the governments bank stress tests, (carried out to see how the nation’s major banks could handle worsening economy), have been encouraging. The tests have apparently helped banks to access private capital. Treasury Secretary Timothy Geithner announced that smaller banks — that hold less than $500 million in assets — can apply for the same TARP funds that have been made available for the largest ones in the nation.

After repeated outbreaks of food based sicknesses such as salmonella and e-coli, food companies have now put the onus of food safety on consumers.

China might be championed as the empire of carbon, but when it comes to  developing renewable energy businesses, it seems to be surging way ahead.

The latest industry to get a federal bailout is life insurance.  The sector has been struggling for sometime but many have questioned where the line should be drawn when it comes to industries and companies being bailed out.

Written by Reenita Malhotra

Reenita Malhotra Hora is an Ayurveda clinician, entrepreneur, writer and mom. Her experience has ranged from running Ayoma, an Ayurveda business to running a natural health practice at San Francisco's California Pacific Medical Center.

Reenita is a published author of two books books about health and wellness: ‘Ayurveda - the Natural Medicine of India’ and
‘Inner Beauty’. She is also the Editor for Green Options Media's business blogs and a freelance writer for a variety of print and web publications.

In quieter moments, she likes to spend her time hiking, swimming the warm seas, cooking with the family or writing fantasy fiction adventure stories for kids from from 2 to 92.

Check out her wisdom at www.reenita.com

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