Markets Archives - Page 708 of 782

US Immigration Laws Drive Away Job-Creating “Foreigners”

NBC’s Tom Brokaw visited Silicon Valley last winter to meet immigrant entrepreneurs.

At Microsoft’s Mountain View campus, he met with a dozen of them.

More than half said that they might be forced to return to their home countries.

That’s because they have the same visa issues that Kunal Bahl had.

Unable to get a visa that would allow him to start a company after he graduated from Wharton in 2007, Kunal returned home to India.

In February 2010, he started SnapDeal—India’s Groupon.

Inspector General: US Bailout Huge Win for Wall St vs Main Street

Two and a half years ago, Congress passed the legislation that bailed out America’s banks, especially its largest, the infamous “Too-Big-To-Fail”

The Obama regime typically declared its mission accomplished, calling the program remarkably effective “by any objective measure.”

On his last day as the Special Inspector General of the bailout program,

Neil Barofsky wrote in the New York Times:

“I regret to say that I strongly disagree.

Radioactivity Expanding Quickly in Japan Land, Seawater

A long-lasting radioactive element has been measured at levels that pose a long-term danger

at one spot 25 miles from the crippled Fukushima Daiichi nuclear power plant,

raising questions about whether Japan’s evacuation zone should be expanded,

and whether the land might need to be abandoned.

The isotope, cesium 137, was measured in one village by the International Atomic Energy Agency

at a level exceeding the standard that the Soviet Union used as a gauge to recommend abandoning land surrounding the Chernobyl reactor,

India Infrastructure Magnate Pledges $340 Million To Educate The Poor

GMR Group chairman Grandhi Mallikarjuna Rao, a first-generation entrepreneur hailing from Srikakulam in Andhra Pradesh,

this week pledged $340 million (Rs 1,540 crore), which is equivalent to his personal share in the infrastructure conglomerate,

to improve education among the undeserved sections of the society.

The move came the same day Warren Buffet, the billionaire chairman of Berkshire Hathaway,

arrived on his maiden trip to India to promote philanthropy among the the country’s richest.

Japan Supply Chain Worries Now Hit Many US Sectors

31 March 2011.

Tremors from the strong Japanese earthquake continue to rattle American businesses,

even those companies that have experienced no disruptions in parts or supplies.

Businesses in a number of industries are trying to adapt to a new reality.

No longer can they count on reliable access to critical supplies,

a fact prompting frantic phone calls, contingency planning and product redesigns.

For instance, film and television producers, along with the companies that support them,

Ex European Central Bank Chief Economist: What Kind of Euro ???

Otmar Issing, Former Chief Economist, European Central Bank
Credit: INSM

30 March 2011.

Plutonium Found in Fukushima Soil

The World’s Largest Arms Importer is Now India, not China

India has spent US$80 billion to modernize its military to keep up with China and now, India has become the world’s number one arms importer according to Swedish think-tank keeping tabs on global arms transactions. India makes up 9 percent of global arms purchases while China has 6 percent of market share in comparison.

UK Budget: Osbourne Targets ‘Squeezed Middle’

Chancellor George Osborne is targeting Britain’s “squeezed middle” to support his budget which aims to tighten the Treasury’s grip over public spending. What can 25 million tax payers expect? Well, income personal tax allowance is expected to be increased by £600 next year, fund a £250m shared equity scheme for new homes and inflation increases in petrol duty.

US States Hit Cities With Cascading Budget Cuts

The state budget squeeze is fast becoming a city budget squeeze,

as struggling states around the nation plan deep cuts in aid to cities and local governments

that will almost certainly result in more diminution in services, layoffs and local tax increases.

The reductions are widespread.

Ohio plans to slash aid to Columbus, Cleveland, Cincinnati and other cities and local governments

by more than a half-billion dollars over the next two years