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...

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...