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Musings and Expectations of the 2008 U.S. Presidential Election

In nearly every poll for US presidential election, Democrat candidate Barack Obama is leading by several points. From the economic crisis to the Bush administration, to his Republican rival John McCain’s voting record, to Sarah Palin as the heartbeat-away President, it seems like everyday something new


emerges from the US presidential campaign that points to a universe where all the stars are aligning for Obama. Latest voters poll found support for the Obama had grown to 52 per cent of voters, compared to 38 per cent for McCain. Obama's surging popularity was mostly due to voters' dwindling confidence in Mr McCain, as witnessed after each of the candidates' three TV debates.
Who is best suited to fix the economic crisis?
Do you think the age factor is also a concern for voters?


Chandrayan, India's Historic Moon Mission

If everything goes well Chandrayaan-1, India's first unmanned mission will be launched on October 22nd, 2008 from Satish Dhawan Space Centre, Sriharikota. Chandrayaan-1 will revolve around the moon and will examine the unvisible side of the moon. Also, examine minerals available on moon like Helium - 3.


The satellite will take 3 days to reach Earth’s orbit and 20 days to reach the lunar orbit. ISRO is serious about the potential availability of water on the moon. If this mission is successful, it could pave the way for near future manned missions to moon. It is almost an indegenious project and will be launched on a PSLV rocket.
Is it justified for a developing country like us to have such a mission?
Can the development in science and technology and banishing poverty should go side by side?
The lunar mission can provide impetus to science in India and possibly a new dimension to international cooperation. Do you agree?


Credit-Card Debt: The Next Meltdown?

Rising rates are accelerating credit-card defaults and soured debt could further undermine the financial system. The troubles sound familiar. Borrowers falling behind on their payments. Defaults rising. Huge swaths of loans souring. Investors getting burned. But forget the now-familiar tales of mortgages gone bad.


The next horror for beaten-down financial firms is the $950 billion worth of outstanding credit-card debt—much of it toxic. That's bad news for players like JPMorgan Chase (JPM) and Bank of America (BAC) that have largely sidestepped—and even benefited from—the mortgage mess but have major credit-card operations. They're hardly alone. The consumer debt bomb is already beginning to spray shrapnel throughout the financial markets, further weakening the U.S. economy. "The next meltdown will be in credit cards," says Gregory Larkin, senior analyst at research firm Innovest Strategic Value Advisors.
Do you think that U.S. Treasury dept.'s $700 billion mortgage bailout won't be a lifeline for credit-card issuers?
How they will manage their risk?


Maharashtra to legalise Live-in relationship

Maharashtra cabinet has taken a bold step to legalise the live-in relationships. It has approved a proposal suggesting a woman involved in such a relationship for a 'reasonable period' should get status of a wife. The proposal is based on recommendations of the Justice Mallimath Committee which said if a man and a woman


are living together as husband and wife for a reasonably long period, the man shall be deemed to have married the woman according to customary rights of either party. The committee had also recommanded that the definition of the word 'wife' under Section 125 of the Code of Criminal Procedure (CrPc), be amended to include a woman, living with the man like his wife for a reasonably long period.

Is it not against of marriage act of 1955?

Many controversies may take place. Like, people of other states will go to Maharashtra to take advantage of this act.

What will be effect on present social system?

What about childrens' rights?


$700 Billion Bailout Package Gets A Second Life

With seemingly softened Republican opposition, the $700 billion ‘sweetened’ bailout found a second life on Wednesday - winning lopsided passage in the Senate and gaining ground in the House, giving a major boost to the efforts for bailing out troubled American financial firms.


In a rare case of consensus between Senate Democrats and Republicans, the economic bailout bill - loaded with more than $100 billion in tax breaks and other aid – was passed by a wide margin, 74-25, and sent back to the House for a second chance on Friday. The bill, proposed by the Bush administration, with some modifications is aimed at reinvigorating worldwide credit markets and interbank lending that had frozen up while overleveraged financial institutions staggered under the weight of failed mortgages.
Should investors still feel concerned about the efficiency of this rescue plan?
How this plan can help the global economy?




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