The world’s second largest economy, Japan, is now facing a new threat in the form of Deflation. The deflation in the month of May 2009 has been recorded at 1.1% which is the third straight month of deflation. The deflation rate is highest since 1971 and is really pulled down the confidence of the [...]
Climbing up the stairs is not possible on a daily basis not only for elders, but also for people who are starved for time. That is precisely the reason why you see the presence of home elevators in all the buildings.
Needless to say, you need to buy the branded elevators and wheelchair lifts for [...]
The international POP star, Michael Jackson, who became famous in 1987 through his “Thriller” album, is no more with us. He died due to suspected heart attack, at his US residence yesterday, as per his family sources. He has been liked by millions of music and dance lovers not only in the United States, but [...]
Life without computers and laptops is not possible these days, because it helps you in handling every part of your activity. For example, all your mailing with your friends and relatives happens only them email or electronic mail, which happens only through the computer or laptop.
And all the purchases you make through the internet happens [...]
The Russian energy giant, Gazprom, has signed up a 2.5 billion deal with the Nigerian state operated company, NNPC for a proposed joint venture. The joint venture will build refineries, gas power stations and pipelines across Nigeria.
The deal is expected to yield lot of long term benefits for Gazprom, because currently most of the global [...]
Lennar Corp, is the third largest home builder in US. The company has been badly hit by the housing collapse in the US , since 2007 second half. Now, for the quarter ended May 31st, the company has reported a wider loss of 125 million US dollars.
The loss is 20% higher than the median estimates [...]
The House Oversight and Government Reform committee will be grilling US FED chief Ben Bernanke, on his suspected role in the takeover of Merrill Lynch by Bank of America.
There are unconfirmed reports floating around in the last few weeks, that Bernanke and few of senior FED members forced Bank of America to take over Merrill [...]
The world’s second richest person, Warren Buffett, in a television interview to a private channel, said that the US economic recovery will be a long drawn process. The efforts by Obama and US FED to jump start the economy are to be praised, he said, while adding that the results of these efforts will not [...]
The green offshoots on US economic recovery are slowing waning off, we can say. The latest new home sales data for the month of May 2009, is reported at 342000 units, which is 32% lower than what was sold a year ago.
The figure is a 0.6% decline over the 344000 recorded in April 2009, [...]
The American Insurance Group, the world’s largest insurance company, has been in deep trouble ever since the beginning of the sub-prime crisis. Since 2007 end, the company has been losing billions of dollars every month, and has so far received over 173 billion dollars of financial aid from the US government.
The AIG has now [...]
