The Securities and Exchange Commission (SEC) announced today new rules that regulate "naked" short selling of securities. The new rules amend 2005’s Regulation SHO that helped curb naked short sellers from failing to deliver on stocks that are bought from a borrower who has no way to repay the original owner of the stock. Today’s […]
US Financial Giants in Trouble: Lehman Bankrupt, Merrill Sold, AIG on Oxygen
The worst financial pandemic- since the Great Depression- is roaring through USA, resulting in stocks worldwide going on a tailspin. The Indian stock market, which had already suffered bouts of downturn in recent times, havs further slid by 469 points at the end of the day on 15th September’08 taking the Indian Sensex below 14,000. […]
Life in the time of MBA fee hikes in India
Along with IIM Ahmedabad, several other top Indian b-schools hiked their fee substantially this year. How are students in top Indian business schools financing their education now and how have student loans adapted to the new fee structures? Let us explore seven Indian b-schools that increased their fee by 30 percent or more. Indian Institute […]
Experts Offer Tips on Avoiding Home Foreclosure
by James Parks The mortgage foreclosure crisis, fueled by years of unchecked predatory lending practices and a speculative bubble in real estate prices, has resulted in a disaster for millions of America’s homeowners. Not since the Depression of the 1930s have so many U.S. homeowners owed more on their mortgages than their homes are worth. Defaulting […]
End The Dooms Day Parade for Good
Money runs out. Then people can’t purchase. This is a problem. Who needs more money? How can we earn more money? I want to purchase. I need to purchase. Do you want to purchase too? Let’s figure out a way to earn more money so we can buy more stuff and this time we need […]
Can You Spend $3 Trillion Better than Bush?
– by Mike Hall It’s not easy spending $3 trillion. I tried (see below). But then again I wasn’t buying a quagmire in the Middle East. That price tag—$3 trillion—is what the Bush administration is spending on the war in Iraq, says Nobel Prize-winning economist Joseph Stiglitz. The checks paid for with our taxpayers’ dollars that Bush is […]