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In: Economy
30 Sep 2009The US unemployment scenario is not looking good at over 8% as of now. Most of the top 100 companies have indicated further pruning of their work force due to reducing demand, and also the need to stay alive.
The government sources are expecting the unemployment rate to reach the 10% level in the coming [...]
In: News
24 Sep 2009India has over 1.1 billion people and it needs to produce tons and tons of rice, wheat, sugar and pulses in order to feed the population. And while there has been economic prosperity in the country in the last five years, it has only lead to more demand for food.
The country produces over 60% of [...]
In: Economy
18 Sep 2009There have been record bankruptcy filings by individuals in US primarily due to crashing property prices coupled with job losses. The fall in US house prices started nearly one year back, and that is not showing any signs of reversing.
In fact the latest data shows that the average house prices have dropped by 12% [...]
In: Politics
10 Sep 2009Ahmedinajed has been in power as the Iranian President for the last five years during which term he has seen Iran lauguish in poverty. During the same period, the entire world has been able to march ahead in a big way.
Now Ahmedinajed has been able to win back for next round of five [...]