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Ground Report

World News & Opinions

Who creates money?

| Business, World

I have always had the doubt about, who creates money? I was not sure, if the government could print the money as it wishes, and pay of debts, spend on infrastructure, fund the economy etc. I always wondered how the banks were able to lend so much money? At last, I found my answers here […]

Nokia releases iPhone rival – may be an iPhone killer finally

| Business, Media & Tech

Nokia has released its touchscreen phone, named as Nokia 5800 XpressMusic. I should say, it is pretty good phone, just from the specifications. After the launch of the iPhone by Apple, it has been the benchmark for all the touchscreen phones. iPhone has gained such a huge prominence due to its slick design, intuitive user […]

“Wall st. has been nudest beach” – Warren Buffet

| US, World

Wall St. has been the nudest beach – as noted by the Oracle of Omaha, Warren Buffet, talking to CNNMoney.com’s Poppy Harlow. Warren once quoted, "You learn who has been swimming naked only when the tide does away". He was feilding a question on who he thinks has been swmming naked in the wake of […]

$1,200,000,000,000 = What Wall Street Lost

| Business, Opinion

The Dow suffered its worst fall in terms of the points today, 777 points. But lets put that into perpective. If we ring it up in numbers, it is USD $1,200,000,000,000 (1.2 Trillion). That is a mind boggling number. It took me a while to figure out how may zeroes go in there! Let see […]

$1,200,000,000,000 = What Wall Street Lost

| US, World

The Dow suffered its worst fall in terms of the points today, 777 points. But lets put that into perpective. If we ring it up in numbers, it is USD $1,200,000,000,000 (1.2 Trillion). That is a mind boggling number. It took me a while to figure out how may zeroes go in there! Let see […]

California Academy of Sciences opens to the world

| US, World

The California Academy of Sciences opened to a crowd of around 40000 people, on Sep 27, in the Golden Gate park in San Francisco, CA. The academy tries to answer two basic questions: 1. How has life developed on earth? 2. How wil life sustain on the earth? If we look carefully, these two questions […]