General 'Stuff'

If "All Indians are my brothers and sisters", what about Americans and folks from the rest of the world?!!
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“Kites,” the adventure film from Mumbai-based Reliance Big Pictures, took in almost $1 million during the weekend to become the first Bollywood movie to open in the top 10 in the U.S. and Canada.

The film, introduced in 207 theaters, had sales of $958,673, researcher Hollywood.com Box-Office said yesterday in an e-mail.

For more news check here


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The worse is not over yet.. or so it seems...

"Yes, the eurozone crisis of PIIGS [Portugal, Ireland, Italy, Greece, and Spain] is a primary cause of that—even Jean-Claude Trichet agrees with my assertion back in February that the E.U. may be facing a double-dip. But more than a few small European economies may be at stake. The recent problems faced by Greece are only the tip of a sovereign-debt iceberg in many advanced economies (and a smaller number of emerging markets). Bond-market vigilantes roiling Spain, Portugal, Ireland, and Iceland have pushed government bond yields higher and forced Germany, France, and the IMF to step in with an unprecedented array of rescue measures. But outside the eurozone, the United Kingdom, and yes, eventually Japan and the United States, will all face the same music eventually if fiscal policy remains on its current unsustainable path."

For more, read here
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From the same link above...

"One of the great ironies of the age, as I mentioned in Crisis Economics, is that fact that while the U.S. proved to be the catalyst for the global financial crisis, it has also benefited from the fact that the crisis is denominated in U.S. dollars. No end to that reality is in sight, no matter how infuriating it proves to Chinese and other emerging-market policymakers."
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It is tragic - the accident involving the Air India flight from Dubai to Mangalore.



In case you had not heard, check on the tragedy here

World War IV?

Will the great recession lead to World War IV?
by Michael Lind

Michael Lind is policy director of the Economic Growth Program at the New America Foundation and author of "The American Way of Strategy."

".. As the oversold promise of free-market globalization fades, countries large and small may turn increasingly toward state capitalism. At home, this would mean permanent state support of troubled industries like banking and the automobile industries, which all of the major industrial countries have bailed out. In trade, this would mean a retreat from global trade areas toward regional blocs and bilateral deals. Examples include agreements between energy-hungry governments like those of China and Japan and the state-owned oil or natural gas companies of Saudi Arabia and Russia. In a world of diplomatic rivalries among great powers to win contracts with state-owned corporations, the distinctions between geoeconomics and geopolitics would erode, with potentially dangerous consequences. Direct war between great powers seems unlikely, but if the Cold War was World War III, then a cold World War IV resembling Orwell’s shifting coalitions of Eurasia, Eastasia and Oceania in 1984 is all too easy to imagine.

These trends are clear but the transatlantic establishment refuses to confront them. Instead, elites on both sides of the Atlantic hope that the great recession will turn out to have been merely a particularly nasty business cycle downturn. They pray that soon we can return to something like the illusory prosperity of the late 1990s and 2000s without having to engage in any radical rethinking or reform. Our political and opinion leaders think they are leading us back home. They haven’t noticed, or refuse to admit, that what used to be home is now a large, smoking crater. "

Pretty interesting article.. Read the full article here

Stingy...

Am I so stingy in expressing myself....??

Sorry guys n gals.... just been busy... but I will see you seen!