One hundred years ago, the Titanic slipped below the frigid waters of the North Atlantic Ocean. That's roughly the same moment when the US dollar also hit an iceberg
Fannie Mae agreed to pay Bank of America Corp.
Popular art often mirrors common ideas about current economic affairs and reflects the conventional wisdom guiding public opinion. This is particularly true of film. Influential critic David Bordwell makes some excellent points about how filmmakers might try to anticipate and react to popular political attitudes -- classic (and soon-to-be classic) action movies are a case in point.
US budget woes overtake European debt crisis on list of global investor concerns. The biggest concern for global investors as they head into the final quarter of the year is the impending "fiscal cliff" in the United States, according to the latest Bank of America Merrill Lynch fund manager survey, supplanting the on-going sovereign debt crisis in Europe for first time in 18 months. Just over 35 percent of the respondents to the benchmark BofA Merrill Lynch cited the impending fiscal trigger in the US as the biggest "tail risk" to their investment performance, two percentage points higher than the European debt crisis. And while investors seem generally splits as to whether the Eurozone economy will improve over the next twelve months, globally they're betting on European stocks outperforming other markets during that time, making the first "overweight" (i.e
With Congress showing no sign of softening its stance on the big-ticket economic reforms, West Bengal Chief Minister Mamata Banerjee is all set to pull out Trinoomial Congress ministers from the UPA cabinet as her deadline ends on Tuesday. However, she would continue to back the Central government from the outside, said reports.
The big-ticket political reforms by the government have motivated the opposition parties to line up a string of protests in the coming days. The protests are intended to persuade the Centre to roll back all bold decisions of opening up markets for more Foreign Direct Investment s (FDI), diesel price hike and capping the subsides on LPG cylinder prices. The leaders of the Samajwadi Party, Communist Party of India (Marxist), Communist Party of India , Telugu Desam Party, Biju Janata Dal, Janata Dal (S), All India Forward Bloc and Revolutionary Socialist Party have announced to observe a nationwide protest on Sept 20.
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Opposition parties and some of the partners of the UPA have tagged the economic policy of letting Foreign Direct Investment (FDI) into India n markets mainly the retail sector as an anti-farmer and anti-public decision.
At a time when India is battling inflation and sky-high real estate prices, the country's most populous cities Delhi and Mumbai still rank among the world's least expensive cities to live in, a new survey revealed. In a study published on Friday by banking major Union Bank of Switzerland, Delhi and Mumbai were the least expensive cities due to the low prices of goods and services. Delhi also topped the list in terms of the lowest income earned by workers.
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The government shows no signs of relenting to the allies and Opposition demands for the withdrawal of policy initiatives on FDI in retail and diesel price hike, with Prime Minister Manmohan Singh saying that the long-delayed reforms were essential for reviving growth and improving the investment climate in India . Strongly ridiculed for holding back reforms that would make a deep cut in the widening fiscal deficit, the UPA government this week announced decisions on allowing FDI in several sectors and an increase in heavily subsidised diesel prices amid strong opposition and threats from parties to pull the plug on the government. At a meeting of the Planning commission on Saturday, Manmohan Singh said that "courage and some risks" were needed to prevent the economic scenarios of 'policy logjam' or 'insufficient action' and implement 'strong inclusive growth' as mentioned in the 12th Plan document