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US Congress rejects the bailout plan; stocks dive

Ever since the sub-prime crisis came to the fore November- December of 2008, there has been a lot of worries about where this will eventually take the US economy. And this looks like a slow-action horror movie whose climax is coming. So, there was the shock when Bear Stearns went down, and then for some […]

Cadbury recalls chocolates over China tainted milk scandal

The growing ‘melamine’ tainted milk scandal is taking on a more international hue. Earlier, projected to mostly impact only milk products made for babies in China, it is covering a whole lot of different products and countries. Categories such as powder, chocolates, candies, ice cream, etc are all getting affected, and recalls have been happening […]

Banks in US in serious problem

Things have been happening in the US finance sector that have not happened before for a long time. The US Federal Government is proposing that it is the essential guarantor of most mega-finance companies; only allowing some of them such as Lehman Brothers to fail. The US Government has so far saved or intervened in […]

First debate between McCain and Obama: No clear winners

The first debate between the 2 contenders ended in mostly a draw. Different media are reporting different winners, so you can guess as to how balanced the discussion was. Well, actually, both these contenders are seen to be great speakers, they know their points by now and so do their audiences. In such a close […]