The whole world is under the financial crisis, it all started with US in the end of December 2007. Even before taking in-charge, the Obama team has started planning to recover the economy. The recovery plan has worked well which is very well clear from the recent report on US economy and Job loss rate.
In [...]
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The number of quoted American companies in bankruptcy was highest in 2008 since 2001. Unfortunately, 2009 doesn’t seem to be better.
CIT Group is a financial services company for small and middle market businesses. This company is present in more than 50 countries throughout the world.
Last December, CIT Group received an American governmental help which rose [...]
It’s the biggest event that concerned and affect all the countries of the world since the Second World War. Certainly, effects are different but not really any less serious. The World Bank’s bill of loss amounts to 1.4 billiards of dollars.
No death like would be in war, but companies closing down, banks going bankrupt, and [...]
President Barack Obama has announced a new tax proposal on 04th May 09 for US multinational companies. The basic idea of Obama’s new tax rule is to close a loophole that allows US firms to avoid paying tax on profits earned from overseas operations in countries like India. In addition, it helps to generate incremental [...]
Due to the slowing-down of the American economy and stock market fluctuations, thousands of IT people are facing more job cuts in recent days throughout the world. The economic downturn has affected every sector including IT, Banking, BPO, marketing, media and telecommunication.
Banks have cut almost 125,111 jobs since the credit crunch started last July 2008. [...]
By Jon Kelly
These are very difficult times and there are plenty of families who are starting to feel the financial pinch. Many families have noticed that the promised fuel cuts have not reduced their fuel bills to the level prior to the hikes which we have experienced in the last twelve months; the mortgage rates [...]
By Ellis Jackson Jr
Let’s not focus right now on how to increase your income but instead we can discuss the reasons you should. There is always something that is coming up like a home repair, car problems, health needs and increasing college tuitions. Your bills will not stop going up so you have to increase [...]
An October 25, 2008 Newsweek article by Jeffrey E. Garten is titled, “We Need a Bank Of the World.”
What I need is some sort of keystroke to represent spluttering astonishment. There can only be a few things on the list of what we need less than a World Central Bank (a planet busting asteroid [...]