Archive for September 2008
U.S. NATIONAL DEBT CLOCK
Posted by: Chirag Jain on: September 30, 2008
- In: business
- 2 Comments
The current Outstanding Public Debt of USA is $9.8 trillion. Before this mammoth total, a $700 billion bailout plan looks dwarfed…
Since the subprime crisis, the National Debt has scaled at an average of $2.42 billion per day since September 28, 2007!
What are your comments on this?
ps. The debt may have increased by now. Check it [...]
As you sow, so shall you reap
Posted by: Chirag Jain on: September 26, 2008
- In: business
- 2 Comments
In 1999, NY Times reported on ” Fannie Mae Eases Credit To Aid Mortgage Lending “. Following are extracts from the same, which clearly point out the root causes of the cheap mortgage-funded buying of houses way back in 1999 which exploded in early 2007 in the form of a subprime crisis and housing mess.
In [...]
From investment banks to “traditional banks”
Posted by: Chirag Jain on: September 22, 2008
- In: business
- 3 Comments
WSJ reports:
The Federal Reserve said it had approved the transformation of both Morgan Stanley and Goldman Sachs from investment banks to traditional bank holding companies, a step that would place the last two Wall Street titans under the close supervision of national bank regulators, subjecting them to new capital requirements and additional oversight.
What does this [...]
Very appropriate!!
Posted by: Chirag Jain on: September 18, 2008
- In: business
- 4 Comments
Special thanks to Barry Ritholtz of “The Big Picture“
Tata nabs most of the incentives in Singur, WB
Posted by: Chirag Jain on: September 13, 2008
- In: business
- 10 Comments
For those who think that Tata Nano is doing a huge favour in Singur, take a rethink. Its Tata who is enjoying most of the incentives!!
Business Line reports on how ‘Tata chose Singur as base for Nano plants’ :
A comprehensive package of incentives — subsidy on land, concessional power, a soft loan and tax paybacks [...]
The Big Mac Theory of War presented piping hot!
Posted by: Chirag Jain on: September 8, 2008
Interesting to note the Mcdonalds theory of war, given by Thomas Friedman in 1996 that
No two countries that both have a McDonald’s have ever fought a war against each other.
The nearest this theory had got to be proven wrong, was during the Falklands War, but now it finally has: The Russia-Georgia conflict (if people count [...]
