Bharat Rakshak

amol.p

National Irish moves to cashless banking IT MIGHT sound like a contradiction in terms, but for the first time one of the main Irish consumer banks is moving to cashless banking in all its branches. National Irish Bank has written to thousands of its customers this month informing them of a “new sty...

amol.p

Trucking company shutdown leaves drivers stranded around U.S. Dallas location for Arrow Trucking. Employees of the Tulsa-based company are scratching their heads and trying to figure out what's next after Arrow's sudden shutdown on Tuesday. "We were basically told to get our personal stuff and...

amol.p

Hari Seldon wrote:Was the Fin crisis caused by mathematical error?

By Steve Keen of debtwatch. Among the handful of economists to have gotten the diagnosis and the prescription right, early and consistently since.

Recommended read.

Fin crisis was nothing but a calculated Fraud......

amol.p

NRIs flood govt with real estate grievances A real-life version of `Khosla ka ghosla' is being played out with an increasing number of non-resident Indians (NRIs). Complaints of real estate deals going sour, illegal encroachment and unauthorised occupation of properties have flooded the ministry of...

amol.p

Turmeric at an all-time high price The yellow spice, the essential ingredient in every Indian kitchen soared to an historic high on price front this year. From Rs 4,200 per quintal in January, turmeric touched an all-time high price of Rs 13,750 per quintal in October before settling at Rs 10,200 p...

amol.p

Alang breaks a record 5,000 ships since 1982 With as many as 130 ships being broken simultaneously, the Alang ship breaking yard has crossed the milestone of dismantling 5,000 ships before the end of 2009. Since its inception in 1982, the yard has recycled 35.61 lakh light displacement tonnage (LDT...

amol.p

Pentagon Contract Announcement Lockheed Martin Corp., Fort Worth, Texas, is being awarded an $841,877,905 contract to provide for 24 F-16 Block 52 aircraft, advanced counter measure system electronic warfare system, along with associated support equipment, alternate mission equipment and support el...

amol.p

Lockheed to sell 24 F-16 fighter jets to Egypt US aerospace giant Lockheed Martin is to sell 24 F-16 jet fighters to Egypt in a 3.2 billion dollar deal, a company spokesman said on Tuesday. http://economictimes.indiatimes.com/news/international-business/Lockheed-to-sell-24-F-16-fighter-jets-to-Egyp...

amol.p

Recession Slows Population Rise Across Sun Belt

current recession sowing seeds for another recession.....

http://www.nytimes.com/2009/12/24/us/24census.html?hp

amol.p

Small-business bankruptcies rise 81% in California "While bankruptcies are up, overall, small-business closures are up even more," http://www.latimes.com/business/la-fi-smallbiz-bankruptcy22-2009dec22,0,3305684.story US home foreclosures top one million mark The number of US homes in fore...

amol.p

Luxury-Home Owners in U.S. Use ‘Short Sales’ as Defaults Rise Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate and some are turning to so-called short sales to unload properties as stock-market losses and pay cuts squeeze wealthy borrowers. .......{who ...

amol.p

Its seems china will be next Dubai......they are building on every piece of land available.... I disagree. Unlike Dubai, PRC ain't taking loans in phoren currency to fund its fixed asset expansion. SO no question of default (in the conventional sense) arises only. Besides, should the investments sh...

amol.p

The Green Hypocrites: Prince Charles and Gordon Brown take separate jets... to lecture the world on global warming .... :mrgreen: Prince Charles and Gordon Brown were accused last night of ‘green hypocrisy’ after jetting into Copenhagen to lecture the world about global warming. Charles used the £1...

amol.p

4 Big Mortgage Backers Swim in Ocean of Debt Even as the biggest banks repay their government debt in what is being heralded as a successful rescue program, four troubled giants of the financial world remain on government life support These companies, the American International Group, Fannie Mae, F...

amol.p

Pakistan Reported to Be Harassing U.S. Diplomats ISLAMABAD, Pakistan — Parts of the Pakistani military and intelligence services are mounting what American officials here describe as a campaign to harass American diplomats, fraying relations at a critical moment when the Obama administration is dem...

amol.p

China to build the world's longest bridge - another one. http://www.guardian.co.uk/world/2009/dec/15/worlds-longest-sea-bridge China today announced it had begun construction of the world's longest sea bridge – barely 18 months after opening the current record-holder. The Y-shaped link between Hong...

amol.p

US mortgage delinquencies at new high ----{more green shots in economy} In November, 42.06 percent of subprime mortgages were delinquent compared with 41.36 percent a month ago and 39.25 percent in June http://economictimes.indiatimes.com/news/international-business/US-mortgage-delinquencies-at-new...

amol.p

U.S. outflows at $13.9 billion in Oct; Treasury buys fall The United States saw net capital outflows in October, as foreign private investors shied away from U.S. assets as a safe haven, Net long-term capital inflows, which excluded swaps, fell to $20.7 billion, from an inflow of $40.7 billion in S...

amol.p

THINK AGAIN ABOUT CHINA'S PROSPECTS For many investors, emerging markets such as China are the wave of the future. However, Duncan, a partner at Blackhorse Asset Management, a hedge fund in Singapore, said investors were too optimistic about China, which he said is certainly headed for bubble troub...

amol.p

"Dollar Crisis" author: 2010 will bring more stimulus some major points: 1] rapid credit growth causes excess capacity and leads to busts. 2]After predicting in his 2003 book "The Dollar Crisis" that the U.S. property bubble would trigger a global recession, Duncan's new book ar...

amol.p

Putting Obama on Hold, in a Hint of Who’s Boss The heads of three major firms did not make it to the White House meeting in person as President Obama called on the nation’s biggest banks to take steps to revive lending DUE TO “Inclement weather" :(( He was, of course, referring to the three co...

amol.p

U.S. forgoes billions in tax on Citi: report The U.S. government "quietly" agreed not to collect billions of dollars in potential taxes from Citigroup Inc as part of its deal to allow the bank to repay its taxpayer bailout, The Washington Post reported. http://www.reuters.com/article/idUS...

amol.p

Putting Obama on Hold, in a Hint of Who’s Boss The heads of three major firms did not make it to the White House meeting in person as President Obama called on the nation’s biggest banks to take steps to revive lending DUE TO “Inclement weather" :(( He was, of course, referring to the three co...

amol.p

Mexico’s Credit Rating Downgraded One Level by S&P Mexico’s credit rating was cut one level by Standard & Poor’s after tumbling oil output and the worst recession since the 1930s swelled the budget deficit. S&P lowered Mexico’s foreign-currency debt rating to BBB, the second-lowest inve...

amol.p

Paterson Trims Aid to Schools and Localities Gov. David A. Paterson announced on Sunday that he would unilaterally withhold $750 million in scheduled payments to schools and local governments, saying that strong action was necessary to protect New York State from insolvency . The reductions of 10 t...

amol.p

ArcelorMittal could cut 10,000 jobs: report

ArcelorMittal, the world's biggest steelmaker, could cut 10,000 jobs worldwide next year to boost productivity and reduce general expenses by around $500 million.

http://www.reuters.com/article/idUSTRE5BD0SZ20091214

amol.p

JIM ROGERS INTERVIEW Q: Why do you think that we are going to have a short-term rally in the dollar? What’s behind this thinking? A: Everybody is pessimistic, I am pessimistic too and that’s why there might be a rally. Q: Long-term you used to worry about deficit, you are still worried about the de...

amol.p

[quote="Hari Seldon"]^^^errr, amol.p bhai. I well know this is a have-fun dhaaga and is not meant to be taken terribly seriously but still, from a basic thread-integrity standpoint, kindly edit your post above. It contains some rather glaring inaccuracies, IMHO, and is based a rather suspe...

amol.p

the real answer to the deficit problems of EU nations is a long term plan for spending cuts and tax cuts. they have to stimulate demand and cut off on those cradle-to-grave welfare programs == tax cuts, spending cuts. but the problem with spending cuts is EU population feels entitled to such welfar...

amol.p

Maiden flight of Airbus A400M military transport plane

http://economictimes.indiatimes.com/Mai ... 327904.cms

The link has 10 pics of same.

amol.p

India sees 7.7 mn T wheat surplus in April- fin min "Including the strategic reserves, there will be adequete food supply, grain availablity," Pranab Mukherjee told parliament http://economictimes.indiatimes.com/markets/commodities/India-sees-77-mn-T-wheat-surplus-in-April-fin-min/article...

amol.p

STC invites bids to import 12000 tonnes of RBD palmolein India’s State Trading Corporation (STC) has invited bids to import 12000 tonnes of RBD palmolein, either from Malaysia or Indonesia http://economictimes.indiatimes.com/Markets/Commodities/STC-invites-bids-to-import-12000-tonnes-of-RBD-palmole...

amol.p

Lower output, higher price to hit coffee trade The latest monthly report issued by the International Coffee Organisation (ICO) has significant bad news for the global coffee industry With production of coffee reported to be around 123-125 million bags for 2009-2010, it highlights a few issues with ...

amol.p

Spain credit rating downgraded to negative Spain has had its credit outlook cut to negative from stable by the ratings agency Standard & Poor's. The agency said Spain faced a deeper deterioration in public finances and a longer period of economic weakness than it had previously expected. The ne...

amol.p

In India, Gods are in love with Gold Temples in India own more gold than the country’s central bank—the Reserve Bank of India (RBI) The credit for a religious place to holding the largest quantity of gold in the world belongs to the Tirumala Tirupati Devasthanams (TTD) that maintains twelve temples...

amol.p

Global cocoa prices hit 25 year high Global cocoa prices hit their highest levels for 25 years on supply fears. Liffe March cocoa rose 1 per cent to £2,249 a tonne, the highest level since February 1985 amid ongoing concerns that the global market would face a supply deficit for a fourth successive...

amol.p

Uncertainty prevails but oil majors rush to Iraq As multinational military forces have left Iraq, international petroleum companies have eagerly descended - seduced by the long-term potential of vast oil reserves off-limits to foreigners for decades. Yet lingering violence, legal questions and poli...

amol.p

India may cut reserve wheat, rice prices India is likely to reduce the prices of wheat and rice that are being offered for sale to domestic bulk traders from national reserves because of poor response from traders. Earlier, the Central government had decided to impart 30 lakh tonnes of wheat and ri...

amol.p

Suppiah wrote:Dont worry, TTP is fixing that problem..there is going to be lot of smoke coming from that side too...after all they have to be equal-equal..

smoke them out.....

amol.p

14 dead in two blasts in Multan

SAMAA representative reported from the blast scene that torso of the suicide attacker was found from the scene. The age of the attacker is said to be 15 to 17 years.

Nanna mujahidin fresbly passed out from LMU university...disblaying skills.....

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