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Latest news about the state of the world economy.
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India’s Next Outsourcing Wave – US Financial Companies ???
To modernize after its crisis, the U.S. financial industry needs help from IT outsourcers in India more than ever, according to sources in the Indian IT industry. It's understandable...
IRS Tax Audits of US Big Businesses Declining, Says Study
Despite the federal government’s repeated pledges to crack down on big businesses that underpay their taxes, the Internal Revenue Service has decreased in recent years the time it spends...
Goldman’s Double Role in Greek Tragedy – Part I – EN ESPANOL !!!
How appropriate that we have received on the weekend after the SEC's civil - not criminal - indictment of Goldman Sachs for its "double dealing" in the US housing...
India Trip: Geithner’s Missed Opportunities
This month, U.S. Treasury Secretary Timothy Geithner became the latest of President Barack Obama's cabinet members to make a quick trip to India. The trip could have served as...
Europe Way Ahead of US Converting Trash to “Clean Energy”
Denmark now regards garbage as a clean alternative fuel rather than a smelly, unsightly problem, using incinerators, known as waste-to-energy plants to make the transition. Denmark now has 29...
India Hit By Wave of Suicides, Political and Otherwise
Suicide has become something of a phenomenon in India, especially in the south, which now has one of the highest suicide rates in the world — a fact that...
States Running Out of Money for Unemployment Benefits
With unemployment still at a severe high, a majority of states have drained their jobless benefit funds, forcing them to borrow billions from the federal government to help out-of-work...
Wal-Mart Attempting to Transform India’s Agriculture
Two years after Wal-Mart came to India, it is trying to do to agriculture here what it has done to industries around the world: change business models by using...
Higher US Interest Rates Soon To Hit Housing / Credit Cards / Cars
Consumers are about to face a new financial burden: a sustained period of rising interest rates ... The shift is sure to come as a shock to consumers whose...
Controversial North Europe Gas Line Begins Construction
The dual-pipeline project, the first phase of which is to be completed in 2011, will allow Russia to pump its natural gas directly under the Baltic Sea to Germany...


