Goldman’s $500 million is day late, dollar short

So now we know the value Goldman Sachs Group places on salving its conscience for screwing up what chief executive officer Lloyd Blankfein called ‘God’s work’. It seems that $500 million is all it takes to compensate the world for Goldman’s role in creating the credit crunch.

The best among the borrowers

One of the most important developments to have taken place in the banking industry over the last few years has undoubtedly been the implementation of the Basel-II framework.

Places or people

This year’s Human Development Report (HDR), Overcoming Barriers: Human Mobility and Development, focuses on migration, casting light on some ‘misconceptions’ on the subject.

Off the rack

This book describes how China’s ascendance as an economic superpower will alter the cultural, political, social, and ethnic balance of global power in the twenty-first century...

What’s holding back China? It’s anti-Google

If China, now the third-biggest economy, is so mighty, why do its leaders fear the Internet? I never thought I would be asking this question 11 years after Bill Clinton’s visit to Beijing.

An enriching possibility

The IAEA mediated Iran-IAEA LEU-for-TRR fuel deal offers India and Iran a chance to work out an amicable solution that will satisfy both Iranian and international concerns about the Iranian nuclear programme....

No leader, no deal

The announcement over the weekend that no binding accord on climate change would be signed at the Copenhagen conference next month is a severe setback to the environmental movement.

Is it time to roll back anti-crisis programme

As the neo-liberal economic model plunged into the worst ever crisis after the great depression of 1930s , governments across the world launched huge anti-crisis programmesrunning into hundreds of billions of dollars as stimulus packages for the economy.

‘Russia won’t diversify currency reserves’

Russia is unlikely to change the structure of its reserves from dollars and euros even as currencies including the yuan gain more importance in regional trade, VTB Group Chief Executive Officer Andrei Kostin said.

APEC leaders focus on creating economic growth

What makes the APEC economies different is that its businessmen and politicians actually count the days left to attain free trade. That perception got reinforced by last week’s Asia-Pacific Economic Cooperation Summit of CEOs in Singapore.

Eavesdropper

January is the month when the mighty meet at Davos. For the 2010 gathering, PM has asked Pranab Mukherjee, Kamal Nath, Anand Sharma and Montek Ahluwalia to represent India. Pranab, however, is learnt to be musing whether as FM he should be away in January when the budget is in February.

She’s the genuine article

Until now, Sarah Palin has been operating from the safe remove of her laptop. Now she’s rolling out Going Rogue: An American Life, 5 chapters in 5 months selling perhaps 5 million copies.

Factoring in the factory

From Seoul to San Francisco, manufacturing sentiment has recovered quickly from the sudden shock of the global recession last year, when world trade stopped dead and unsold stock piled up in warehouses across the world.

Spreadsheet

Residential real estate, driven by cheaper loans and correction in prices, is seeing growth revival that has been the strongest in Delhi and Mumbai, which together accounted for almost 64% of the new launches in the second quarter of this year.

London’s air pollution threatens 2012 Olympics

London, which has some of Europe’s worst air pollution, may have to ban cars and reschedule events during the 2012 Olympics to ensure optimum conditions for athletes.

Bharat outside the net

The internet has made a tremendous difference in people’s lives across the world. The gathering of information by different means has now given way to online commerce and social networking.

The West line expands

For all the talk about globalisation, we Westerners still tend to see the world economy very much from our own cultural perspective—and fail rather badly in incorporating the viewpoint from the ‘other side’, half a world away.

International scholarships

Amount: University of South Carolina Honours College offers scholarships and reduced tuition to freshman international students. A $750 scholarship is granted per academic year...

News Review

National Institute of Industrial Engineering played host to Prerana Business Meet, 2009 with The Financial Express as media partner. Industry dignitaries across sectors included Gurcharan Das, columnist and former MD of Procter & Gamble...

Blue-collar workers in welding technology, carpentry, motor winding and so on form the backbone of any industrial economy and hence the need to make them employable is even more pronounced

The India story is back on track. With the GDP expected to touch 7%, it is a welcome relief from the spate of job losses and hiring brakes initiated across sectors by India Inc.

The problem lies in the work that can be offered to farm workers shifting to industry. As they are not formally trained to work in industry, a large number remain unemployed during non-harvest season

India and China both came out of the recession relatively unscathed. China clocked a 9.4% growth in 2008-09 and India not far behind stood at 6.4% growth.

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