Did someone utter the ‘R’ word?
Facts are understated, statistics are being manipulated...
The optimism exhibited by Fed Chairman B
en Bernanke can be compared with a student who hasn’t prepared a dime for an exam, yet is sitting for it quite convinced that the exam would be surely called off . Every ‘Ben’ speech now appears to be rhetoric as he tries to instill faith in the US economy and does some kind of damage control at home. While Bernanke tries to inject markets with optimism, his predecessor Alan Greenspan has become much more bearish, declaring in May that the US has a 2 to 1 chance of declining into recession. The endeavours of Bernanke along with some of the brokerage houses & investment banks deserve special mention, as every possible statistic that could have highlighted the negativity of the US economy has been hidden; and every dead cat that twitched upwards, whether in equities or in housing, has been publicised as if there is no tomorrow.
For Complete IIPM Article, Click on IIPM Article
Facts are understated, statistics are being manipulated...
The optimism exhibited by Fed Chairman B
en Bernanke can be compared with a student who hasn’t prepared a dime for an exam, yet is sitting for it quite convinced that the exam would be surely called off . Every ‘Ben’ speech now appears to be rhetoric as he tries to instill faith in the US economy and does some kind of damage control at home. While Bernanke tries to inject markets with optimism, his predecessor Alan Greenspan has become much more bearish, declaring in May that the US has a 2 to 1 chance of declining into recession. The endeavours of Bernanke along with some of the brokerage houses & investment banks deserve special mention, as every possible statistic that could have highlighted the negativity of the US economy has been hidden; and every dead cat that twitched upwards, whether in equities or in housing, has been publicised as if there is no tomorrow.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
see more inflow of funds as Taj Group of Hotels will invest about Rs.10 billion for developing four hotels in Bangalore. Sumit Guha, Vice President-Development, Indian Hotels, owners of the Taj Hotels chain expressed his views as “We will invest around Rs.10 billion for building four hotels in Bangalore, of which two are already under construction, while the ones in Devanahalli and Yashwantpur will take three years to complete”. Beyond domestic presence, the Group is also foraying into overseas market in Maldives, Mauritius, Colombo, Boston and Sydney. The company has also expressed interest in modernisation of Delhi airport and to build a hotel in the national capital.
from the US network of Google’s AdWords, signaling the fading relations between the former partners. AdWords is the major source of revenues for the search engine company. The online auctioneer justifies this move as a continual initiative to look at their marketing across different media channels. Sources however believe that Google’s announcement of Checkout Freedom Party was the primary source of disdain. Competitor eBay Live, apparently launched the same day, is a conference where different sellers on the site meet. Though Google has cancelled the party, the two internet giants are not comfortable with each other’s competing products. A rapprochement is now awaited though.
emissions, especially from burning coal fumes, mercury particles either conjoin with rain and snow to find way onto land towards water bodies or are ejected directly into deep waters by industrial houses. Into blue waters, they assume form of highly toxic methyl mercury which builds up into tissues of fishes and animals in high concentrations posing great health risk to regular consumers of contaminated fish. Exposed to developing foet uses, babies and children, mercury poisoning directly affects the nervous system, resulting in brain damage and learning disabilities. Agrees Classy D’Silva, a leading scientist at National Institute of Oceanography (NIO), Goa. But according to her, mercury emissions in the past few years have actually gone down due to the central pollution board tightening its noose around polluting industrial units. An effort is worth applause, save the dampener in the form of excessive mercury levels in groundwater sources discovered near the former Union Carbide factory in Bhopal in 2002.
creeping in faster than one can imagine. Rainfall patterns have changed with global temperatures increasing consistently over the last 50 years. The Prime Minister of Australia, John Howard had publicly expressed concern over the anomalous drought situation which has dried up her rich food and crop cultivation areas. The drought that has been on for the past 6 years has sucked dry, once existing water resources. With its warm clime, Australia’s flatlands are more susceptible to global warming. Professor of Natural Resources Science at Adelaide University, Wayne Meyer says, “We are the ones that are going to be at the forefront because we’re less buffered”. The cultivation of fruit products saw an enormous hit due to the drought, pushing up prices. If measures of conserving water resources are not set and followed, the brunt would be borne by the generation very next to this one. Without serious thought and implementation of a sound system of allocation and use of water resources, the drought will not only continue but spread further as well . . .
