United States – Washington: The World Bank has issued a global forecast in advance of the G20 economic conference of advanced and large developing economies, which indicates that developing countries without adequate credit sources are facing financing shortfalls of $270 billion to $700 billion this year. On March 14-15 in London the G20 finance ministers […]
If We Didn’t Build it, They Wouldn’t Come: Citizen Journalism is Discovered
If We Didn’t Build it, They Wouldn’t Come: Citizen Journalism is Discovered – The Harsh Reality of the New World Media, By Robert Paisola Over the past two years, the way in which American’s receive their news has changed. No longer does the father come home, kick off his shoes, and read the day’s events […]
Surging U.S. Unemployment Rate Puts Pressure on Obama
The jump in the U.S. unemployment rate to the highest level in a quarter century last month suggests the recession is deeper than the Obama administration forecasts and additional measures may be needed to restart growth. The jobless rate rose to 8.1 percent in February as employers reduced payrolls by 651,000, the Labor Department said […]
What Does the Latest Federal Bailout Mean for AIG?
By Anne Szustek In exchange for a $30 billion bailout, AIG agreed to hand over control of two of its divisions to the U.S. government. The agreement marks the company’s third federal bailout in five months. Bailout Number Three for AIG The U.S. government will take over two divisions of insurance conglomerate AIG: a […]
9503 cr Vote on Account presented in Kashmir Assembly, full buget in July/Aug to be Vision document
Jammu, March 03 – J & K Finance Minister Abdul Rahim Rather on Tuesday presented in the J&K Legislative Assembly Vote on Account for Rs. 9,503 crore for the first five months(April-August 2009) of the financial year 2009-10 besides, revised estimates for 2008-09 estimated at Rs. 19,077 crore against the budget estimates of Rs. 18,443 […]
Is recession heading towards depression?
Import tariffs, as a measure of protectionism for domestic industries, haven’t begun rising yet. But if current trends are an indication of things to come, then world trade has started looking inwards and protectionism is surely coming back. India’s service export prospects are turning bleak as a result. The US Congress has recently passed the American […]
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