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US has always tried to play big brother with most of the Asian and other third world countries, and many a times it has failed. And it has been forced to get into military action inside Afghanistan and Iraq nearly eight years back and it continues to haunt them till now.
The head of US forces [...]
In: Economy
20 Nov 2009Across the globe, countries are showing some signs of pull back from the global crisis. China is again leading the pack with a robust 8% GDP growth, while Australia is expecting the GDP growth to accelerate to 4% plus. Also India and South Korea are back into high growth path.
But the European zone countries [...]
In: Finance
15 Nov 2009Only last month Australian central bank raised the bank interest rates by 25 basis points, and exactly 30 days down the line, the rates have been raised again.
The Australian government is worried about the sharp rise in the real estate prices across the country which is due to the excessive bank funding at low cost. [...]
In: Economy
10 Nov 2009US economy faced a half a trillion deficit in the year 2008 which was the highest deficit since the tracking of records from World War II. Now Obama administration has created a record of sorts by going in for massive deficit funding of all the stimulus activities.
The total budget deficit for 2009 is [...]