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Inflation, Recession and Conservation |
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Economics
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Written by Shyam Sundar
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The energy cost has gone up all over the world which has disturbed economic parameters one way or the other.
Last
ten years, India is boasting of high economic growth rate. Everybody is
bullish. Government officers, politicians, economists, industry
captains, stock brokers, builders, traders, everybody has expressed
happiness with economy. As the global community developed confidence in
Indian economy, they started investing in India and the foreign
exchange reserve has gone up from zero to 270 billion dollars in last
20 years. With such funds available we have seen large construction
activity in Idia.
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The Human Costs of Economic Meltdown and Its Alternative |
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Economics
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Written by Dada Maheshvarananda
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 The Human Costs
The
human costs of this economic meltdown are only beginning to be felt.
More than a million US citizens have lost their homes in the past two
years, and a million more are expected to lose their homes in the
coming12 months. Yet the United States government continues to pay more
of the mortgage costs of rich homeowners, through larger tax
deductions, than of poorer homeowners.
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Beginning of the End of Capitalism |
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Economics
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Written by Mahesh Pradesh
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Now the time has come to recognize that unbridled greed, only profit
motive-besides creating strain between poor and rich relationships lead
man to grosser tendencies responsible for many a crime generated out of
want.
American economy is in deep crisis. Lehman Brothers, the
biggest bank, has gone bankrupt; other financial giants namely Freddic
Mac, Fennie Mae, AIG, Merril Lynch have failed. Inflation has risen,
thousands of jobs have been cut, consumer trading has fallen, share
market has considerably depressed. People are just shocked. Future has
suddenly become uncertain. Congress has passed $700 billion bill as a
bail out package. Global bail out package is estimated at 2 trillion.
Experts, however, feel that it will have little impact on the health of
economy and that the worst is yet not over!
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Capitalism: A Miserable Failure |
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Economics
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Written by Dada Vedaprajiananda
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 If
you did a search on Google, a few years ago, using the words “miserable
failure” the first search result you would see would be George Bush's
official presidential site. This result was due to “Google bombing” a
technique in which many people linked to the president's website using
the words “miserable failure.” Google changed its ranking algorithm and
you no longer get the presidential site when searching for “miserable
failure” but maybe a more relevant result for a miserable-failure
search would be to find the Wikipedia page on “Capitalism.”
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