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Obama to allot largest incentive package of over $700 billion
Washington: December 21, 2008 – News Analysis by Dr. Raj Baldev, Cosmo Theorist – President – Elect Barack Obama does not seem to be in a comfortable position despite his best efforts, he wants to help solve the economic crisis by creating or saving 3 million jobs in next two years and whether it would be possible under his plans for which we should hope for the best.
Obama wants auto Industries to take hard steps to ease crises
Washington: December 20, 2008 – News Analysis by Dr. Raj Baldev, Cosmo Theorist – Keeping in view the urgency of Auto Industry, particularly the General Motors and Chrysler, President Bush has decided on Friday to give them an emergency bailout as Christmas gift so that they may survive for a few months till Barack Obama takes charge and grants them more bailout.
China facing heat of economic breakdown
Shenzhen, China: December 19, 2008, News Analysis by Dr. Raj Baldev, Cosmo Theorist from India - Marking the 30th anniversary of the reform era of China claiming to have achieved a global power within a short span, is just a ceremonial occasion and not an actual celebration from their hearts, since the world economic slowdown has adversely affected them more than many other countries and that is a serious issue for their leadership, who are making their best in seeking a respectable and urgent solution to face the big challenge and to give relief to the people.
DDA housing scheme results out
New Delhi: December 16, 2008 - Here's a piece of good news for the applicants of the Delhi Development Authority (DDA) housing scheme. The two websites that were displaying the results of the draw are now opening. Earlier, many were facing problems while logging onto the sites. The sites - www.dda.org.in or www.urbanindia.nic.in, were not opening till afternoon.
Failures of States and Federal Govt., no funds to pay to unemployed
Washington: December 15, 2008 – News Analysis by Dr. Raj Baldev, Cosmo Theorist from India – The economic recession in United States has beaten all records, the unemployment figure has touched sky high, the highest peak so far in history in recent memory, and around 30 states are running completely out of money even to pay benefits that they are liable to pay to the unemployed.
Bush Admin to intervene to prevent collapse of Auto Industry
Washington: December 13, 2008, IR Summary/NYT – Republican senators blocked a proposed compromise to help automakers and to bring them out of the serious problem being faced by them by strong recession. The Bush Administration said on Friday that it was ready to intervene to prevent the collapse of General Motors and Chrysler.
Chidambaram may take charge of Finance Ministry
New Delhi, India: December 10, 2008 – IR Summary/Agencies - After appointing P. Chidambaram as Home Minister in place of Shivraj Patil, who resigned as Home Minister, the Prime Minister felt his gap in the matter of the Finance Ministry, since he himself is so busy to look into the serious questions involved and has, therefore, asked Chidambaram to assist him in the Parliamentary work of the Finance Ministry, which is to sit for ten days.
Barack Obama against Nationalization?
Washington: December 9, 2008, News Analysis by Dr. Raj Baldev, Cosmo Theorist from India - President elect Barack Obama has categorically stated that US don’t want government to run companies, he told Tom Brokaw on Meet the Press. He probably meant that he is not in favor of Nationalization.
Sony to cut 8,000 Jobs to plan revised investment
New Delhi, India - December 9, 2008 – Dr. Raj Baldev, Cosmo Theorist from India - Japanese consumer electronics colossal Sony has announced on Tuesday that it would do away with 8,000 jobs and restrict to a new and revised investment planning to join the mainstream of the global economic crisis, and in fact they have no other option.
Welcome Move by Reserve Bank’s slashing key interest rates
MIL/Siffy Business, Dec 6, 2008
New Delhi: December 6, 2008 – IR Summary/Siffy Business- The Associated Chambers of Commerce and Industry (Assocham) hails the policy of the Reserve Bank of India, who slashed key interest rates, and the banks feel it is a good start in the right direction.
Breaking News
Obama seeks Opposition Support to stabilize Economy
Obama vows to create 2 million jobs by investing on selected areas
Dec 6, 2008
General Motors to cut jobs, factories and executives pay
Dec 3, 2008
Thailand International Airport thrown open, flights resume
Dec 3, 2008
Obama to work with Bush to control the market slump
Nov 25, 2008
$306 billion Sop to save Citigroup?
Nov 24, 2008
India to take all steps to boost economy: Chidambaram
Nov 18, 2008
Consumers Feel Credit Card Crisis
Oct 29, 2008
Markets almost hit bottom, Sensex hits 3-yr low
Oct 25, 2008
Nifty plunges 10%; Bank, Oil, Metal, Realty slip over 10%
Oct 24, 2008
China rejects Zardari’s request for expanding Nuclear relations
Oct 17, 2008
Staff of Jet & Kingfisher get notices to reduce financial strain
Oct 15, 2008
Global Markets Jump
Oct 13, 2008
Senses bounces back, ends up 804 pts. ICICI goes fast
Oct 13, 2008
ICICI Bank is safe and secure, Govt. confirms
Oct 10, 2008
Global stocks miserably dived on Friday
Oct 10, 2008
Rupee goes low to 49.30 per US Dollar
Oct 10, 2008
Zimbabwe sinking, record inflation of 231 mn.percent
Oct 9, 2008
Japan to bolster its country’s faltering economy
Oct 9, 2008
US Admn. wants ownership stakes of banks to restore confidence
Oct 9, 2008
Bush signs legislating Indo-US Civil Nuclear Deal to change into law
Oct 9, 2008
Indian Economy trembling, Rs. 48.46 per US Dollar, 6 years low
Oct 8, 2008
Citigroup selling Indian B.O. Operation to Tatar Consultancy Services for $505 mn
Oct 8, 2008
Britain Earmarks $87 Billion to Bail Out struggling Banks
Oct 8, 2008
Chennai Airport Expansion Project finally takes off
Oct 8, 2008
Bush is to sign Indo-US nuclear Bill today
Oct 8, 2008
Tata’s NANO decided to start from Charodi, Sanand, Gujarat
Oct 7, 2008
Financial Crises seriously spread in Europe
Oct 7, 2008
Fears of a Recession still Growing Stronger
Oct 7, 2008
NANO’S Future Uncertain, will it stay in Gujarat?
Oct 7, 2008
Signing of formal Indo-US Deal is bit delayed: Rice
Oct 4, 2008