A Near Death Experience.
The National Highway Traffic Safety Administration (NHTSA) has purchased the 2007 Lexus ES 350 previously owned by Rhonda and Eddie Smith, who testified last week…
Worldwide
Toyota Official Says Recall May Not Fully Solve Safety Problem
[Via – NY Times] In the first of many Congressional hearings into Toyota’s extensive recalls, a senior company executive told the House Energy and Commerce…
Another Major Shock to the World Economies?
I am not a ‘chicken-little’ or an alarmist of any kind. But, when I see disturbing developments that are going to affect our livelihood and…
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BBC Report: ABCs of Greece Economic Problems
As I have alerted earlier on this blog that the epicenter of a new financial storm is currently centered in PIIGS countries – specifically, Greece….
El-Erian: Mind the Gap
Few people with vested interest in financial markets openly say things that are worth listening to. Mr. Mohamad El-Erian of Pimco is one of the…
Greek in Plain English: To Bailout or Not to Bailout
In the next few weeks we will be hearing a lot about sovereign debt crisis for Greece. Debt crisis is derivatives crisis. Derivatives are Greek…
Republic Day Present to Indian Students in Australia
Two more Indian students have been assaulted in Melbourne, Australia. This is the latest in a series of attacks there targeting people from India. A…
Fake Reporter Illustrates How Real News is Done
If you watched news in US for a long time, you probably have an idea when Tom Brokaw or Dan Rather tossed to the reported…
Goldman, AIG and NY Fed Hearings Preview
It has been widely reported that Goldman Sachs got a sweet-heart deal from the bailout arm of the US Treasury, courtesy the then Treasury Secretary…
Pak was ‘Humiliated’ by Indian Exclusion
[Via BBC] Pakistan was ‘humiliated’ by exclusion in IPL: A Pakistani parliamentary delegation has cancelled a visit to India amid a growing diplomatic row over…
New Found Spine or Mass Wake Up Call?
Banks, bonuses and bailouts – busted? Is this a new found spine for the President? Or, is it a reaction to the wake-up call he got from Massachusetts? Whatever it is, I don’t see the bank executives shivering in their boots.
Down-Under Under Travel Advisory for Indians
“The government advises Indian students studying in Australia, as well as those planning to study there, that they should take certain basic precautions in being alert to their own security while moving around,”
Full Body Scanners at Heathrow
Get ready to embrace being embarrassed more at airports. This news is via Financial Times (FT)
Person of the Year, huh?
Time wants us to believe that Bernanke saved us from melt-down, but I think time will tell us a completely different story: Bernanke’s cure is worse than the disease that was ignored even caused/spread by Greenspan’s Fed.