Normally people in their early earning years, tend not to worry about their retired life. But when they are struck by unexpected health or any other physical disaster during their forties and fifties, they realize that they have not save enough for their peaceful retired life. This is where you need to just spend a [...]
Barak Hussain Obama became the 44th US President. He is the first Black President for US and he is indeed expected to play a key role in not only putting back America on the path of economic recovery, but also in convincing the tough and suspecting countries like North Korea, Iran and Syria to see [...]
A year back all the oil consuming countries were having nightmares every day because crude oil prices were jumping to record highs almost every day. From as low as 30 dollars in 2007, the crude oil prices reached a record high of 147 dollars in early 2008. Now it is the turn of oil producing [...]
Many people , especially Indians and Chinese, have the tradition of saving a good part of their earnings for their future generations. That is why you see them slogging it out even during their fifties, wherein they do not even enjoy the small cars and better two wheelers and better homes and better holidays which [...]
The US Federal reserve, the central banking authority, has taken the drastic step of cutting down the bank rates to near zero levels. This has been forced on it rather, due to the continuing flow of pathetic economic data. First and foremost there is no credit flowing to key industries like Automobiles, consumer durables [...]
The European system is heading for a mad crash landing with most of the economies expected to report a negative GDP growth in the fourth quarter of 2008. The housing prices in UK has been falling for the last year or so, and the latest monthly data continues to show a decline in the housing [...]
The continuing downturn in the US and increase in the crude inventory data is posing a major drop in crude oil prices. The crude prices touched a new monthly low figure of 60 dollars due to increased pumping in by OPEC countries, over and above the agreed volumes in the OPEC meet last month.
The higher [...]
The Baltic freight index, which is the barometer for high seas shipping freight rates, hit a record high in the early part of 2008. But ever since the second quarter of 2008 the index has been falling slowly and steadily due to reduced demand for sea freight. The sharp drop in import of coal and [...]
