Michael Crichton, the author of such selling science fiction extravaganzas like the Jurassic Park has a quieter, less known book which bristles over with a rabid fear of all things Japanese. In the Sun Rising, Crichton talks of the Japanese taking over the US economy. The book is US xenophobia at it[...]
January 27th, 2012 - 1:44 pm § in News Of Economy
The true story why Americans hate everything Chinese
January 27th, 2012 - 1:43 pm § in News Of Economy
ICBC,Standard bank,China,Africa,Business
China has made inroads into the African economy with its biggest ever acquisition on foreign soil with the state controlled Industrial & Commercial Bank of China Ltd (ICBC) agreeing to buy 20% of the share of Standard Bank Group Ltd., Africa’s largest bank. This would be China’s larg[...]
January 27th, 2012 - 6:37 am § in News Of Economy
11,000 jobs on the line in Britain; credit crunch worsens
The severe credit crunch that several of the world’s economies are facing has already led to some hard decisions. Already hundreds of thousands of people have lost jobs as companies try to make up for lost profitability by cutting costs and downsizing operations. Britain has not been untouched by [...]
January 26th, 2012 - 1:39 pm § in News Of Economy
Telecom Giant to enhance India operation
ne of three operating units of Verizon Communications Inc, Verizon Business delivers advanced IP, data, voice and wireless solutions and is globally recognised as a telecom giant. With over 32,000 employees and 321 offices in 75 countries across six continents, Verizon has a Global IP footprint serv[...]
January 26th, 2012 - 6:36 am § in News Of Economy
Consumer inflation shoots up due to higher gas prices
In the wake of OPEC ministers coming to a decision related to increased gasoline production, the gas prices have gone up again. Consumer inflation went up steeply back in November and managed to hit a record high. The rising gas prices hit the market during an unfortunate time – just when econ[...]
January 25th, 2012 - 1:39 pm § in News Of Economy
Gas Prices crush Americans.
With oil futures nearing $97 a barrel, the price of home heating oil is rising this winter, following record gas prices. A fuel service made a residential delivery in Guilderland, N.Y. But this year, high oil prices are upsetting that seasonal rhythm. Prices at the pump are climbing fast, bringing b[...]