Category Archives: Facebook

Three myths that sustain economic crisis; Dark reality of India; Post Libor scam, every bank for itself; Zuckerburg falls on his Facebook; Phelps starts rest of his life

1 Three myths that sustain economic crisis (The Guardian) For the global economy, things may get worse before they get better. The summer of 2012 has seen signs of a general slowdown. The eurozone is heading for a double-dip recession, … Continue reading

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Downgrades for 15 big banks; Air France to cut 5,000 jobs; ‘McDonald-isation’ of hotels; The great digital ‘divide’; A solution for Greece

1 Downgrades for 15 big banks (The New York Times) Already grappling with weak profits and global economic turmoil, 15 major banks were hit with credit downgrades on Thursday that could do more damage to their bottom lines and further … Continue reading

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‘Only weeks to save the euro’; Facebook stumble hurts other IPOs; Fear of India growth story ending; Poking fun at Gurgaon; Brazil’s biggest landfill closes

1 Only weeks to save euro, feels Soros (BBC) Billionaire investor George Soros has warned European leaders they have a “three-month window” to save the euro. He said he believed Greece would elect a government willing to abide by loan … Continue reading

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Global implications as India slows; Spanish scare sinks euro; South Africa’s jobs challenge; Mixing milk and sewage water in India; ‘Desperate housewives’ syndrome

1 India economy slows, with global implications (The New York Times) India’s coalition government just celebrated the third anniversary of its tenure with a self-congratulatory banquet that could not have been more poorly timed: India’s currency, the rupee, is falling; … Continue reading

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Made in China, assembled in Bulgaria; Facebook phone next year; Gathering storm against Modi; Rio and a trash dump; Poetry of the Taliban

1 Made in China, assembled in Bulgaria (The New York Times0 Late in 2009, Great Wall Motor started talks with a potential Bulgarian partner for construction of an assembly plant, its first in Europe, on abandoned farmland near Lovech in … Continue reading

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Lloyd’s plans for euro collapse; Let’s be less productive; Inequality not the answer, it was our downfall; Rupee woes point to economic drift; Heartthrob Khan

1 Lloyds ‘has plans for euro collapse’ (BBC) Lloyd’s of London is preparing contingency plans for the possibility of the euro collapsing, its chief executive has said. With Greece facing new elections in June and anti-bailout feelings high, there are … Continue reading

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India growth forecast lowered; No sympathy — IMF chief to Greeks; Private space run makes history; A cry for quiet in the office; Myths, realities and India; Renesas may cut 14,000 jobs

1 Economists cut India growth forecasts (The Financial Times) Goldman Sachs and Bank of America Merrill Lynch became the latest global banks to downgrade India’s economic growth outlook on Friday, in a sign that the sharp slowdown affecting Asia’s third-largest … Continue reading

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