Guaranteed: Drop in Housing Prices Leads 2009 Economic Predictions

chicago recent report

Marking the 50th anniversary of the Tibetan rebellion and the 20th anniversary of the Tiananmen Square crackdown, China will face “the year of unrest” in 2009, he said. “Some of the unrest will be driven by those important anniversaries,” Zonis said. “But most of the strikes, riots, and demonstrations will be driven by economic unrest driven by rising unemployment, property seizures, and economic hardship.”

In the United States, the “soft power” the Bush administration has been so unsuccessful at exercising will be vastly more effective under President-elect Barack Obama, a former University of Chicago Law School instructor, Zonis said. “Chicago will succeed in winning the 2016 Olympic bid because of this massive increase in the esteem in which the United States is held for having elected Barack Obama,” he said.