Economy’s turnaround: (part 2)

In the previous part the economy is viewed from the Macro perspective, while in this part the Business economic point of view is applied. Macro deals with the overall approach, while Business with the industrial...

How London 2012 was credit crunched

The financial magic of the Five Ring Circus is that the International Olympic Committee takes no risk, pays no taxes and can look forward to guaranteed benefits for its members and the extended 'Olympic family'....

Us Car Bail-Out Fails in Senate

Even after getting nod from house of representative, The $14 billion bailout plan for the US auto industry has been rejected in the Senate Thursday night giving a big jolt to hopes of  the struggling big...

Obama vows to close Guantanamo Bay

US President elect Barack Obama has promised to shut down the Guantanamo Bay detention camp. The US president-elect, in a television interview aired on Sunday, also pledged to withdraw troops from...

IMF May Need to Print Money to Pay for Bailouts

The shocking revelation that the world's financial firefighter - the International Monetary Fund (IMF) - is close to running out of money from all the country bailouts, is deeply worrisome. It means that the...

UK Bank Bailout Likely "on Monday"

The British Government may hand over bailout money as soon as tomorrow. The details of the £50 billion (US$100 bilion) plan are still not finalized, but emerging reports suggest that the government would assume...

European, Asian markets slide on banking worries

Overnight, Asian markets dropped and the big European markets plummeting just minutes after opening.  The drops were widely expected following a weekend where European leaders met to stem the growing, global...

Bail Out: Bush Tightens up the Thumbscrews

PRESIDENT George Bush has again applied pressure on Congressmen and lawmakers to agree a $700 billion bail-out without further delay with warnings of doom, as world leaders back him ip.   " US President...

Second Belgian bank gets bail-out

A second Belgian bank has had to be rescued by a coalition of the Luxembourg, Belgium and Netherlands governments. The announcement that Dexia will be bailed out comes one day after the countries announced they...

Wall Street: 20 Billion Dollar Bail-out for AIG

American International Group, Inc. (AIG), the insurer at the center of the troubled Wall Street financial system, is bailed out by New York State Governor Paterson, who directed a one-time lifting of state...

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