French Nuclear EDF to buy for $5bn US Constellation, Bid Disrupts Buffett

The desperate french incident nuclear service  EDF to bid for US Constellation; PAY TWICE THE PRICE OF BUFFET ? " PARIS — Seeking a strong foothold in the United States, Electricité de France, the giant...

tax collection grows between jul-nov

" The Federal Board of Revenue (FBR) has collected Rs 423 billion revenue during July-November (2008-2009) against Rs 340.067 billion in the same period last fiscal, thereby projecting a growth of 24.4 percent. The FBR has provisionally collected Rs 423 billion during...

Fire in job Market : ArcelorMittal going to cut 9000 jobs

The job market firinig is on, the latest victim are 9000 employees of worlds largest steel prodcing company.The slowing demand and worsy ever financial situation in a decade is making the cost cutting one of the...

African AIDS Epidemic Solution needs Thinkers

A successful model which diminuishes AIDS to the point where it is no longer an epidemic of growing proportions in Africa and refers to a total cost of $17 billion in 10 years has been put forth by this week in...

Citigroup Bailout May Assist More Homeowners

The government's multibillion-dollar bailout of Citigroup Inc. requires the giant financial services company to lower loan rates for struggling homebuyers who are behind on their mortgage payments. This rescue...

IMF offers Turkey 19-billion-dollar credit

Ailing Turkish economy will get some reprive from this IMF credit facilty.But this will not support the economy for long, this loan will come with lots of precondition on the part of financial sector reform,.How...

Democrats eye huge economic boost, burning the Dollar with dept

Soviet Union 5 years plan for US ? This sounds like the ancient Soviet Union 5 years plan. Have nothing to eat, be happy, spend money you don't have. Build bridges run cars on It. America do you have still a...

This Is Not A Normal Recession: Moving on to Plan B

""The Winter of 2008-2009 will prove to be the winter of global economic discontent that marks the rejection of the flawed ideology that unregulated global financial markets promote financial innovation, market efficiency, unhampered growth and endless prosperity while...

The Dirty Secret of the Financial Crisis: Our Banking System's Broken

"Henry Paulson's $700 billion plan to save the world is dead or dying, but the bailout was not killed by his arrogance or his grossly misleading claims about what the public's money would buy. The plan collapsed because it didn't work. The Treasury secretary has launched a PR...

Probing Golden West

"NEW YORK (AP) - The Department of Justice is investigating the mortgage lending practices of Golden West Financial Corp., the savings and loan bought by Wachovia Corp. for $24 billion at the height of the housing boom in 2006.U.S. Attorney Joseph Russoniello told The...

Investors Hit BofA Loan Modifications

Bank of America Corp.'s decision to embark on an $8.4 billion home-loan-modification program to settle charges brought by state attorneys general against Countrywide Financial Corp. was hailed as a milestone when the deal was announced this fall. But apparently nobody...

$3.7 billion subway to be built in Baghdad

Baghdad officials announced plans today to build a two-line subway system in the Iraqi capital to ease congestion on the roads and fight heavy air pollution. The announcement raises concerns about the security of...

Obama's "Revitalize the Economy" Agenda

"Obama's "Revitalize the Economy" Agenda According to Barack Obama's transition web site, the number ONE issue that the Obama administration will address is "Revitalize the Economy".The step-by-step plan on how to do it has also been outlined. I hope this level of...

Pakistan seeking at least $7.6 bln IMF loan

Pakistan's financial condition is in bad shape, it is asking for IMF loan to handle its balance of apyment crisis.World economy is alrady in tatters, and the demand for pakistani goods in international market is...

GM Collapse at $200 Billion would exceed baiout tab

 Tough days ahead, auto giant is going to halt the US economy if projection made proves right, and possibility of that cannot be denied. " General Motors Corp, burning through cash as sales slump, would cost...
 

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