Yesterday, October 25, 2008, early voting which had begun a week earlier allowed Florida voters to get to the polls early and cast their vote.Perhaps in the process early voting would avoid long lines certain to be a major problem as Florida, a battleground state is sure to have a record number of voters […]
Obama slams McCain as recession fears laid open
Democrat Barack Obama predicted Thursday the next president would inherit a painful recession but stuck to a laundry list of big-spending priorities as he vowed to restore prosperity for the middle class. Five days from Tuesday’s election, Obama pounced on news the United States is now officially on the brink of recession to accuse White […]
U.S. Stocks Slide After Rout Overseas
s on so many other days in recent weeks, traders and analysts on Wall Street arrived at work Friday morning fearing the worst. This time, however, the worst did not come to pass. European stock markets sent stocks tumbling by more than 500 points in early trading in New York, but they recovered enough ground […]
Russia Joins the World Economic Slump
Despite the bullish outlook propagated by the Kremlin, a weakening ruble, tumbling stock market and sluggish oil prices reveal a downtrodden Russian economy. The Great Bear’s Economy is Bearish This spring, Russia seemed to be hitting its economic stride. High oil and gas prices kept government reserve funds—the third-largest in the world—flush with cash. […]
Exposure of banks to Lehman Brothers $336 mn
The Government said banks have exposure of USD 336 million in US-based investment bank Lehman Brothers, which has filed for bankruptcy. The banks’ exposure to Lehman Brothers is USD 336 million as on September 30, Finance Minister P Chidambaram told Lok Sabha in a written reply. The exposure mainly consisted of investments in floating rate […]
Not All Newspaper Companies Equal to the Public Trust
With the financial markets asking newspaper companies to atone for their general revenue shortcomings, the question of the nature of the newspaper business – that of a double-digit profit conglomerate or that of a public trust – is underscoring a murkiness that dwells insistently on the fact that not all newspaper empires are equal to […]
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