Markets have completely smashed out in early trade and given up yesterday’s gain. Realty, Metal and Power indices crashed 6-8%. All indices are trading in red. Market breadth is weak; about 882 shares are advancing while 2006 shares declining. Nearly 247 shares are unchanged. All stocks in Sensex and Nifty are in red barring Hero […]
Fixing the Assessment Roll – Revised – May 1, 2008
Fixing the Assessment Roll: Revised The recent Ground Report article on fixing the assessment roll in Dobbs Ferry got a lot of attention and comment. Paul Feiner took up the offer to form a task force to look into the issue and report its finding and recommendations to the Town of Greenburgh. Some of […]
Gap Between America’s Rich and Poor Worsened in Past Two Decades
– by Mike Hall The gap between the wealthiest and the rest of us grew significantly during the past two decades, leaving lower- and middle-class families at more risk during the current economic downturn/recession confronting the nation, a new study by the Economic Policy Institute (EPI) and Center on Budget and Policy Priorities (CBPP) finds. The […]
Can the New York Times Company Remain Viable?
These are curiously masochistic days for the New York Times Company. Stumbling now into what will likely be a distracting proxy fight with an investor group that happens also to be their largest shareholder, there does not seem to be a correct decision coming from either their commercial or editorial divisions. Last week, the New […]
GOLD GLITTERS
. At a time when the stock markets have been witnessing a declining trend and real estate becoming prohibitvely costly, investments in bullions have started to show an upward trend and this is so atleast in Chennai, the Capital of Tamilnadu. The prices of GOLD has already reached a record high and is currently quoted […]
US Economy-Recession, Depression, or Collapse?
“For Consumers, the Hits Keep Coming” a recent banner headline in a New York Times-owned daily newspaper here in Northern California reports. The article misses the main points. If we continue to understand ourselves as primarily passive consumers, rather than as active citizens, the US economy will enter at least a recession, probably a depression, […]