After the failure of Lehman Brothers, American International Group and Merrill Lynch, anxiety intensified about the health of several other big US financial institutions.
Federal Deposit Insurance Corp. data released show 117 banks and thrifts were considered to be in trouble in the second quarter. More banks will come on the (troubled) list as credit problems worsen.
Do you see any posibility of any other major US banks go bankrupt?
Experts say, US government lacks the wherewithal to step in every time a big financial firm fails.
Is it possible for US govt to protect every single institution?
Which US bank will fail next?
September 29, 2008, 5:13 pm
by Administrator
in General
Shootout At New Delhi: A bold operation
September 22, 2008, 4:37 pm
Terror once again came to haunt the national capital on Friday, September 19. In an encounter in the Jamia Nagar locality in South Delhi two militants were killed by the Special Cell of Delhi Police while another was arrested. However, two terrorists managed to escape. While highly decorated officer of Delhi Police's anti-terror squad, Mohan Chand Sharma was severely injured in backfire and later he succumbed to his injuries.
There are far too many loose ends in the current story of the police encounter, like:
How 2 terrorists escaped is still not clear.
Why was the late Inspector Mohan Chand Sharma, a veteran of dozens of encounter operations, the only officer in the operation not wearing a bullet proof vest?
Delhi police is silent about some questions, like, how did the two militants flee when the area was cordoned off hours before, and the only exit form the fourth floor apartment was manned by heavily armed policemen?
Delhi cops claim it as their success: with the liquidation of SIMI (the banned outfit) module, the capital has been prevented from further bomb blasts. Do you accept this?
There are far too many loose ends in the current story of the police encounter, like:
How 2 terrorists escaped is still not clear.
Why was the late Inspector Mohan Chand Sharma, a veteran of dozens of encounter operations, the only officer in the operation not wearing a bullet proof vest?
Delhi police is silent about some questions, like, how did the two militants flee when the area was cordoned off hours before, and the only exit form the fourth floor apartment was manned by heavily armed policemen?
Delhi cops claim it as their success: with the liquidation of SIMI (the banned outfit) module, the capital has been prevented from further bomb blasts. Do you accept this?
Terror Strikes India
September 19, 2008, 7:24 pm
I am an Indian First & then a parsee. I am realy soory to see my beautiful country Bharat becoming the transit point of all the world terrorists.
It the we the indians are to be blamed as we have been going on electing the worst corrupt Government of the Congress Led UPA .
The biggest mistake was commited by non other than an important person like Gandhi.
He made the most stupid Nehru as the PM in place of Sardar Patel. if sardar would have been the PM the political map of india would have been different from the present one.
We would have been able to take the whole kashmir in our hands & not only that we would have been sitting pretty over pakistan.
Gandhi is not the only person to have commited the mistakes but we indians have been commiting it more times than Gandhi,as we have been going on electing the worlds coorupt goevernments in again & again.
We would have been the world super power by now only if gandhi would not have commited thye blunderst of blunder mistakes in the history of india,.
Even there is time for the people of india to wake up to the wake up call given by the BJP & come out in large number to cast your valuable votes & defect the evils of sonia gandhi manmhoan singh lallu yadav & Sharad pawar.
Please do remember that its they who have sold our rights to test nuclear devices in the future. now we have been sold out to the Americans the only way for us to get out of it is that we should bring the most pwerfull person in indian politics today & that person is none other than Shri L.K.Advani the iron man of indian politics today as what was sardar was to the past.
We people should be punished for there are many indians who are unpatriotic take the example of my own community parsees i am in oman & even here there are parsees who have been taking sides of pakistan when ever the matter comes up. That is the main resons that the so called indians parsees do not want me to remain here. they are openly taking sides of pakistans & saying that pakistanis must capture kashmir & make the kashmiris get rid of indians dogs ,they forgot that even they are indians as they were born to indians parents & not to pakistanis.
I am realy happy that i am born indian & will die indian.
My last appeal to our indians that come out in full strenght & vote for the BJP.
Jai Hind.
Ronnie Patel ( Indian First & last a Parsees).
It the we the indians are to be blamed as we have been going on electing the worst corrupt Government of the Congress Led UPA .
The biggest mistake was commited by non other than an important person like Gandhi.
He made the most stupid Nehru as the PM in place of Sardar Patel. if sardar would have been the PM the political map of india would have been different from the present one.
We would have been able to take the whole kashmir in our hands & not only that we would have been sitting pretty over pakistan.
Gandhi is not the only person to have commited the mistakes but we indians have been commiting it more times than Gandhi,as we have been going on electing the worlds coorupt goevernments in again & again.
We would have been the world super power by now only if gandhi would not have commited thye blunderst of blunder mistakes in the history of india,.
Even there is time for the people of india to wake up to the wake up call given by the BJP & come out in large number to cast your valuable votes & defect the evils of sonia gandhi manmhoan singh lallu yadav & Sharad pawar.
Please do remember that its they who have sold our rights to test nuclear devices in the future. now we have been sold out to the Americans the only way for us to get out of it is that we should bring the most pwerfull person in indian politics today & that person is none other than Shri L.K.Advani the iron man of indian politics today as what was sardar was to the past.
We people should be punished for there are many indians who are unpatriotic take the example of my own community parsees i am in oman & even here there are parsees who have been taking sides of pakistan when ever the matter comes up. That is the main resons that the so called indians parsees do not want me to remain here. they are openly taking sides of pakistans & saying that pakistanis must capture kashmir & make the kashmiris get rid of indians dogs ,they forgot that even they are indians as they were born to indians parents & not to pakistanis.
I am realy happy that i am born indian & will die indian.
My last appeal to our indians that come out in full strenght & vote for the BJP.
Jai Hind.
Ronnie Patel ( Indian First & last a Parsees).
The Lehman-Merrill effect on India
September 18, 2008, 3:54 pm
Three of America’s top five investment banks have disappeared over the past six months, two of them last weekend. Bear Stearns went last March. Now, Lehman Brothers and Merrill Lynch have followed.
India’s outsourcing story has become the unintended victim of the collapse of these most venerable Wall Street firms since the subprime crisis began to unravel.
Financing costs have risen sharply and some of the banks, even Indian banks, have gone back on financing deals.
Investment bankers who could until a year ago choose their jobs are now being rendered unemployed.
It’s not just investment banks alone who are feeling the pain. On the back of the subprime crisis, a credit scare has turned lenders extremely risk-averse and financing has become a serious issue.
Indian corporates are getting ready for either shelving projects or delaying implementation.
What would happen to the Indian employees of the blue chip investment banks who have been the first casualties of the collapse?
Do you agree that the best way to survive this crisis is to stay focused on the fundamentals?
Do you think this is the high time we say Goodbye to the so called Globalization?
India’s outsourcing story has become the unintended victim of the collapse of these most venerable Wall Street firms since the subprime crisis began to unravel.
Financing costs have risen sharply and some of the banks, even Indian banks, have gone back on financing deals.
Investment bankers who could until a year ago choose their jobs are now being rendered unemployed.
It’s not just investment banks alone who are feeling the pain. On the back of the subprime crisis, a credit scare has turned lenders extremely risk-averse and financing has become a serious issue.
Indian corporates are getting ready for either shelving projects or delaying implementation.
What would happen to the Indian employees of the blue chip investment banks who have been the first casualties of the collapse?
Do you agree that the best way to survive this crisis is to stay focused on the fundamentals?
Do you think this is the high time we say Goodbye to the so called Globalization?
WiFi network: Safe option for tech-savvy terrorists
September 15, 2008, 5:09 pm
Delhi and Ahmedabad blasts reveal that terrorists hacked into unsecure WiFi networks to send out the terror e-mail. While this trend may continue thanks to the number of IT professionals on the Stud.
Mumbai's anti-terrorism squad has found that the WiFi system used to send the terror email after the Delhi blasts was not secured, implying no password was needed.
Computer experts say that few users bother to password-protect their WiFi accounts, leaving it open for anyone in the radius of about 100-200 metres to get in easily. For terrorists, this is far safer than trying to go to a cyber cafe, where they would be asked for identification.
Do you agree that there is no need of great hacking ability or computer skills to send the terror mail from WiFi system?
What are the pros and cons of WiFi network?
Mumbai's anti-terrorism squad has found that the WiFi system used to send the terror email after the Delhi blasts was not secured, implying no password was needed.
Computer experts say that few users bother to password-protect their WiFi accounts, leaving it open for anyone in the radius of about 100-200 metres to get in easily. For terrorists, this is far safer than trying to go to a cyber cafe, where they would be asked for identification.
Do you agree that there is no need of great hacking ability or computer skills to send the terror mail from WiFi system?
What are the pros and cons of WiFi network?
India warned of US economic slowdown
September 12, 2008, 4:26 pm
The International Monetary Fund (IMF) has said emerging economies, including India, face the risk of protectionist pressures arising from a slowdown in the US economy.
According to IMF deputy director Charles Collyns, capital flows to emerging markets have been strong even as corrections in these markets are getting smaller.
Some of the longer-term issues are unwinding of global imbalances and sustaining global productivity growth. Though the housing correction has cooled the US economy, with a decrease in residential investment and non-residential construction, the labour market remains relatively strong.
The IMF official said inflation risks are down and headline inflation has moderated. Rising levels of capacity utilisation have been seen everywhere with output gap as a percentage of potential GDP accounting for as much as 4% in some of the advanced economies. “Emerging market and developing country growth has been strong, where rising commodity prices have been an important support,” he said.
According to IMF deputy director Charles Collyns, capital flows to emerging markets have been strong even as corrections in these markets are getting smaller.
Some of the longer-term issues are unwinding of global imbalances and sustaining global productivity growth. Though the housing correction has cooled the US economy, with a decrease in residential investment and non-residential construction, the labour market remains relatively strong.
The IMF official said inflation risks are down and headline inflation has moderated. Rising levels of capacity utilisation have been seen everywhere with output gap as a percentage of potential GDP accounting for as much as 4% in some of the advanced economies. “Emerging market and developing country growth has been strong, where rising commodity prices have been an important support,” he said.
Will the Big Bang test end the world on Wednesday?
September 10, 2008, 3:02 pm
The World’s biggest scientific experiment recreating the ‘Big Bang’ has begun. First beam to simulate Big Bang on Earth has been fired at the Large Hadron Collider (LHC). Scientists at the European Organisation for Nuclear Research (CERN) started up a huge particle-smashing machine, aiming to re-enact the conditions of the "Big Bang" that created the universe. Experiments in the Large Hadron Collider, a 10 billion Swiss franc ($9 billion) accelerator built underneath the Swiss-French border, could unlock the remaining secrets of particle physics and answer questions about the universe and its origins.
If critics are to be believed, the end of the universe will begin from Wednesday. Do you think so?
How did the universe come to be?
What is it made of? What is mass?
Can science prove that there are other dimensions?
If critics are to be believed, the end of the universe will begin from Wednesday. Do you think so?
How did the universe come to be?
What is it made of? What is mass?
Can science prove that there are other dimensions?
Sanjeev Nanda gets five-year prison term
September 8, 2008, 4:25 pm
After nine-and-a-half years of trial, A Delhi court pronounced its judgement in the high profile BMW hit-and-run-case. The court has sentenced Sanjeev Nanda to five-year jail term for killing six people while driving his BMW car.
Judgement of the Delhi court is really a landmark and alarming signal for those who violate the rules on road. In fact, many hit-and-run cases are still pending in the court due to delayed hearings and other reasons and the accused enjoy the freedom.
Does Sanjeev Nanda’s crime match his punishment or is it too little, too late?
Do you think that this would stop youngsters from drinking and driving?
Judgement of the Delhi court is really a landmark and alarming signal for those who violate the rules on road. In fact, many hit-and-run cases are still pending in the court due to delayed hearings and other reasons and the accused enjoy the freedom.
Does Sanjeev Nanda’s crime match his punishment or is it too little, too late?
Do you think that this would stop youngsters from drinking and driving?
Will obama’s U-turn on outsourcing help India?
September 4, 2008, 3:22 pm
Democratic Presidential nominee Barack Obama may have made his stand on outsourcing clear. He had said if elected he would stop tax breaks to companies that indulge in outsourcing. However, has that statement actually had any impact on the BPO industry in India?
In Denver, Barack Obama may have been applauded for his views against outsourcing but this statement hasn't scared BPOs in India.
People like Pushpender who has worked in the BPO firm for almost five years said, all this is just election gimmick and the industry is here to stay. "Talks about it just being a prelude to elections, too valuable an industry to actually let go off people," said Pushpender Singh Yadav, BPO employee.
A view echoed by Naascom's Sucharita Eashwar, Regional Director. "We are definitely watching closely but we really don't think our jobs or the industry is at any risk. We are confident of our skills and technological expertise and know we will always be an asset for the American market as well."
But what if Obama wins the election? "It's not that simple, even if he gets to the White House there is a long procedure, there will definitely be no impact and it will fizzle out," said Lathika Pai, CEO, Fides Global Consultant.
Do you agree with some experts that this is Obama playing to the gallery before the elections?
In Denver, Barack Obama may have been applauded for his views against outsourcing but this statement hasn't scared BPOs in India.
People like Pushpender who has worked in the BPO firm for almost five years said, all this is just election gimmick and the industry is here to stay. "Talks about it just being a prelude to elections, too valuable an industry to actually let go off people," said Pushpender Singh Yadav, BPO employee.
A view echoed by Naascom's Sucharita Eashwar, Regional Director. "We are definitely watching closely but we really don't think our jobs or the industry is at any risk. We are confident of our skills and technological expertise and know we will always be an asset for the American market as well."
But what if Obama wins the election? "It's not that simple, even if he gets to the White House there is a long procedure, there will definitely be no impact and it will fizzle out," said Lathika Pai, CEO, Fides Global Consultant.
Do you agree with some experts that this is Obama playing to the gallery before the elections?
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