ASSEMBLING THE ETHNIC VIOLENCE PUZZLE FOR ABKHAZIA Introduction Ethnic wars and conflicts have become a common topic. Ethnic groups have been fighting for their independence from a dominant, often also repressive ethnic group. Kosovo succeeded in achieving this goal on February 18th as countries such as United States finally recognized Kosovo’s year-long pleading. This, however, […]
The young and the stock markets-1
Stock Markets and Mutual funds Most men would rather die than think, and they do. -Bertrand Russell Most financial decisions are either taken in a hurry or late or worse never taken. The rationale behind every investment decision is to beat inflation and earn a premium on the principle. Do the large numbers of investors1 […]
IndyMac Bank’s assets were seized by federal regulators
Accourding to Mercurynews IndyMac Bank’s assets were seized by federal regulators on 11th July 2008. Regulators said it is the second largest financial institution to close in U.S. history. The bank succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures. "This institution failed today due to a liquidity crisis," OTS Director […]
Bear Sterns B.S.
The views expressed in this article are not necessarily the endorsed by AFL-CIO or GroundReport.com By Jeff Crosby “We just lost a big chunk of our retirement,” grumbled more than one person down at the Union Hall last week, when General Electric Co. (GE) stock tumbled. “I got two houses on my street under foreclosure […]
MTN Battle between Ambani Brothers
The Ambani brothers are engaged in a war of letters, once again. Anil Ambani‘s Reliance Communications (RCOM) on Saturday sent a strongly-worded letter to Mukesh Ambani‘s flagship Reliance Industries (RIL) threatening to claim costs and damages from RIL if it takes any legal action to enforce its claimed first right of refusal. According to the history, […]
Micro Finance : The New Money Plant
Ever since Muhammad Yunus won the Nobel Peace Prize for his initiatives in micro finance, the sector has been attention that had hitherto been denied it. The Professor himself has been toasted around quite a bit and the Grameen Bank has now been invited to set up shop in Assam. But the success and […]
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