epilogue

As the United States awaits its 44th President, my hopes on the revival of the world economy has dwindled further since the last time I wrote on this topic. EU countries, France especially, wants greater control of its banks. Greece and Italy are already teetering on the verge of bankruptcy, and after suffering heavy losses [...]

On January 7, 2009, B Ramalinga Raju admitted to orchestrating a 1.47 billion fraud on the balance sheets of Satyam Computer Services, the largest ever in Indian history. Satyam also happens to be 4th largest Information Technology company in India and employs over 53,000 professionals. Resignations from the Satyam’s board of directors trickled through for [...]

On January 8, 2009, president-elect Barack Obama predicated that the US might have lost the most jobs in 2008 since the Second World War. He was right: The US Bureau of Labor Statistics released unemployment data on Friday (Jan 9) showing an unemployment rate of 7.2%. Worse, the unemployed numbers were revised downwards by 1,54,000 for November and December 2008. Around [...]