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Credit Suisse to sack 5,300 employees
The sacking spree is spreading like wild fire all over the world.The Swiss financial giant is going to fire there trusted employees in the name of crisis."Troubled Swiss banking giant Credit Suisse has said it is... Stocks Biggest Week Ever Since 1974 and Auto Bailout Nearing
"U.S. stocks gained, capping the biggest weekly advance for the Standard & Poor’s 500 Index in 34 years, on speculation that government bailouts will shore up the economy."The S&P 500 soared by more than... 135 views | 5 comments | 40 recommendations
Financial Meltdown – Systemic Morality and “Where’s the Money?”
Who of us understands the complexities of a debt economy? While it may be true that the modern economy is so complex, even in its fundamentals, that no one is really in control of it, this doesn’t mean that...This Is Not A Normal Recession: Moving on to Plan B
""The Winter of 2008-2009 will prove to be the winter of global economic discontent that marks the rejection of the flawed ideology that unregulated global financial markets promote financial innovation, market efficiency, unhampered growth and endless prosperity while...New players challenge world order
[New players challenge world order Brazil, Russia, India and China, the so-called Brics, are predicted to emerge as major world players by 2050. In this,... Colombia declares emergency over investment scams
As tension mounted and disturbances erupted in 12 states over the alleged pyramid multimillion-dollar investment scams, the Colombian government was forced to declare an emergency. "President Alvaro Uribe's office... Shanghai infrastructure placed in the fast lane
I am in Shanghai these days. Seeing all the construction around, I am quite wary of the way the city is shaping up, demolishing old neighbourhoods and going highrise. This bit of news about the city's investment in... 48 views | 3 comments | 15 recommendations
We can kick start the economy with cash, Brown urges world leaders
UK prime minister Gordon Brown is making the case that Britain will have to undertake a stimulus package similiar to that being proposed in other countries in order to revive the economy. But so far, the specifics of how this would be done haven't been desctribed. Brown could...22 views | 0 comments | 0 recommendations
Karachi Nazim, Mustafa Kamal placed among top-three world mayors
"KARACHI: Reputed journal, Foreign Policy in its report has declared Karachi Nazim, Syed Mustafa Kamal the second best mayor of the year 2008 world.Foreign Policy report titled ‘The Mayor of the moment’ said that Germany’s Berlin City Mayor, Klaus Wowereit, 55 topped...Stocks plunge anew as recession worries resurface
"Wall Street falls sharply as investors, worrying about recess, ponder Obama impact on economy NEW YORK (AP) -- A case of postelection nerves sent Wall Street plunging Wednesday as investors, looking past Barack Obama's presidential victory, returned to their fears of a deep...Tourist Attraction: Mount Cameroon
Cameroon also known as "Africa in Miniature" and described by its government as the "melting pot of Africa" is found in the West African sub-region. It is a country that has been blessed with many tourist attractions, its ministry of tourism was created in the 1970's to...Iran, Russia ink 6 trade protocols
" MOSCOW – The Islamic Republic of Iran and the Russian Federation signed six protocols on broadening their trade and economic cooperation in their fifth joint economic workgroup session on Thursday. ... Bank giant HSBC axes 1,100 jobs
Amidst the world economy heading dangerously towards recession and after two of the big bank's failur to stay afloat, job losses were ominous.India's IT sector has stopped hiring new software engineers. Recession is... 1379 views | 22 comments | 12 recommendations
Gloomy forecasts for UK economy
[Gloomy forecasts for UK economy T The Bank of England governor and an influential think tank have predicted that the UK economy is likely to sink...Global Financial Crisis Takes Center Stage at Socially Responsible Investment...
st1\:*{behavior:url(#ieooui) } "Socially responsible investment industry leaders will focus considerable attention on the global financial crisis at the 19th annual SRI in the Rockies Conference October...
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