Tag archive for ‘World Bank’
Future Imperfect?
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 [...]
Why Satyam won’t be rescued…
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 [...]