Category: News

Few months back, we all saw what can happen if a government or economy ends up spending more than it can. It will give rise the debt level and will result in currency devaluation, lower standard of living, and inflation. This certainly isn’t a sign of a good economy. Barack Obama, our President, is taking a lot of measures for smoothening out economic conditions but the US national debt is continuously rising. The increase in annual deficit is because of faulty management that has been going on for a long time and it can’t be rectified in short period of time. When a country’s debt level exceeds the Gross Domestic Product or GDP then the debt starts rising high. The nation ends up spending more than it is bringing in. The borrowings rise and hence there is debt. Also, an economy simply can’t come out of his crisis by printing more money or borrowing money thorough issuing bonds.  [...]

During the 2008 recession, Warren Buffet, the legendary investor, was noted as one of the bank shareholders that made good money during and in the aftermath of the crisis. During the period of fear after Lehman Brothers collapsed in Sept, Buffet injected money into two of the biggest American names GE and Goldman Sachs. These investments were a vote of faith in those tough times. These two investments came out to be extremely profitable for Buffet, and furthering his legend as one of the smartest investors ever. Amid signs of the financial crisis reawakening, the Sage of Omaha has once again extended his capital to an institution that the public believes is beleaguered. This is none other than Bank of America, the bank holding the most assets, and one whose fate is most intertwined with billions of American consumers. The bank was facing investor doubts whether it is able to raise sufficient  [...]

Offshore banking plays an important role in global financial transactions. What is offshore banking actually is? It is the act of depositing funds outside one’s own country (country where one lives). In most cases the offshore banking organizations are located in low tax regions, which offer a number of financial benefits legally over domestic or onshore banks. Today, offshore banking is a common phenomenon of financial world. A large number of financial institutions offer the advantage of offshore banking to their depositors. However, the 2 most popular centers for offshore banking are Cayman Islands and Switzerland. Another characteristic of offshore banks is that they offer more privacy compared to the onshore banks. This is because the offshore banks work based on the bank secrecy acts related to protection of personal information of clients. The offshore banks will only release  [...]

No one knew that McDonald was waiting to give a great stunt by hiring 50,000 employees in a single day. This plan of the fast food chain made it appear on the headlines and it is being expected that the job spree conducted by McDonald will help to reduce the unemployment rate in the US, though in a meager number. The fast food restaurant has decided to hire 50 people from the local areas and is offering all different kinds of job opportunities to the hired individuals. Much frenzy was crested on the day of hiring and individual stories of ecstasy and agony filled the newspaper pages. There were several benefits offered to McDonald by the one day hiring program. The company of Mc Donald is completely franchisee based and there is a strong connection of the franchisee business with the home economy. Much of the revenue generated through franchisee stays within the boundaries of the community  [...]

The trillion dollar budget deficit of the US economy seems an unpalatable affair and the both Republicans and Democrats seems to have taken strive to save the economy. If one is asking to increase the tax the other is asking to privatize Medicare. None seems interested to axe the government spending. The recent act of Obama seems like the last nail on the coffin for the American citizens as he has decided to hike the tax rate so that the deficit can be reduced by several notches. The latest announcement by Obama reflected the poor act of the government to bring halt to the falling economy through a thinly crafted strategy. President Barack Obama has put all the Americans on merrymaking as he declared that he is planning to give reduction in the area of Medicare and have also planned to cut the defense cost so that the individuals can enjoy their freedom. Furthermore they has stated the  [...]

The global economy is plagued with several disasters and event risks all over the world. The European Union is a forming a bubble, Japan is under the tremendous shock of tsunami and the US economy is facing the threat in the form of high oil price. In the middle of all these dampening factors of the economy’s growth, the American citizens find the discussion of US budget the favorite topic to discuss. The discussion on budget among the mainstream media is now in full throttle and all of the discussions settle to the possible tax increase in the US. The present situation of the US is very hectic as it is heaped with a burden of $1.5 million as budget deficit for the fiscal year 2011. Besides the Republicans are in an attempt to fulfill their political objectives by shutting down the government. In fact any attempt to slowdown the economy will go in favor of the Republicans and will ensure  [...]

We all were waiting for this day to come sooner or later. And now the time has come when commodity prices will be the victim of the price rise in US. The large food companies are marching in the parade of raising the prices of their packaged foods. Naturally the American will soon get a shock at the sight of the price stickers in departmental stores. The food companies, specially the large ones, have already officially announced their plan of spiking the prices for grocery. Recently a chocolate company named Hershey has announced an official price hike of 10 percent for most of the food products it offers. The alphabet “f” is making the world of consumers devastating in the recent times. The commodity food is as essential as fuel and prices of the both are appreciating sharply. In such a panorama what is the way left for consumers? Either they will buy less quantity or their will shift  [...]

When America is on the verge of halting to the outsourcing of US projects, this news will make the government of US ponder over the issue of outsourcing once again. Of late the headlines have been occupied by Indian businesses that is flourishing and creating jobs in US. A study by the Confederation of Indian Industry showed that the business with Indian origin have been responsible in saving thousand of jobs in USA. These companies after settling down in USA have hired local people relieving US out of the growing unemployment substantially. The report of the study was presented in CII’s (Chartered Insurance Institute) event in Capitol Hill. The event was held to discuss the jobs and investment is created by the companies of India in the US. The event had a huge participation as executive members of 25 different companies of India that are engaged in business with the US. The study revealed  [...]

The call for charity is going to gain momentum in India as the two most prominent figures , one in software and other in investment industry, are about to reach the country with the noble cause. Bill Gates and Warren Buffet are about to land in India next week with their request of “Giving Pledge”. It is an effort to invite the wealthiest people of USA to part their wealth for philanthropy. The duo has been on their mission in America and has gained wide popularity and aid from USA so far. Now they are heading for India as well. As of now 59 American billionaires have stretch their helping hand for Giving Pledge and have donated 50% of their wealth to the charity. Among the American billionaires the noted names are Ted Turner, Mark Zuckerberg of Facebook and David Rockefeller. However, success of charity mission in India seems low in India. Both the software king and legendary investor  [...]