World finance leaders vow to tackle bank reforms!

The credit crunch as well as the mortgage crisis seems to be pushing the U.S economy on to the fast track towards recession and this is having effects on all the global markets. As it is, most of the major economies are facing the heat as a result of the credit crisis and the world consumer confidende has dipped rather low of late. Some of the major powers like China nd India are facing inflation in high figures and are busy seeking ways to contain the surging economy as well as the rampant inflation. At a recent IMF meeting, the mention of the sale of gold to the tune of $11 Billon by the IMF to shore up funds has highlighted the problem and made it amply clear that no one is immune to the current crisis, it is truly a global one onb almost all the aspects.
Recetnly some of the world financial leaders
met up to discuss the current situation and it was then decided that some of the financial regulations needs to be tightened up a bit so as to enable the world economy to handle the current crisis better. To some this may seem like closing the barn doors after the horses have bloted but the fact of the matter is that the current situation can get a whole lot worse and very quickly at that. In order to prevent that from happenkng as well as to be able to take a firm grip on the situation at hand, the world financil leaders have made the right decision by agreeing to regulate further and to revamp certain financial regulations. This certainly beats sitting in a corner and moping!

Microsoft gets battered down by Euro legals and slinks away!

We all either love or hate Microsoft and I am not going to tell you which one you should be. All i am saying is that this is something that Microsoft certainly deserved. In a way, taking the cue from the series "My name is Earl", if you do bad things, karma will make sure that bad things will happen to you . In the same way if you do good things, good things will happen to you. We all know what Microsoft has done in the past and it certainly is not something to be proud about. And now that they have been caught in the web of their own unfair business practises, well it is time to pay the piper, isn't it?
Microsoft has been fighting a rather and lengthy court case with the European courts which had held Microsoft guilty of 'unfair and unethical business practises'. What is more, they had fined Microsoft to the tune of 497 million euros ($613 million), which by the way is the highest amount fined on any organisation by the Euro courts. Naturally Microsoft had appealed against this decision and the court battles raged on. But is seems that Microsoft has decided to give up on its court battle with European courts of law and has decided to withdraw all complaints. In short, they are accepting the original verdict. Where does this leave Microsoft? Well it leaves them short of 619 million$ and that is one price tag that they are going to have to pay real soon. Hope that everyone has taken the lesson of the 'My name is Earl' from all of this!

microsoft,europe,fine,business,ethics,

India outdoes the U.S and Japan by 2050!!!

Well it is common news that India's economy is surging ahead with more and more investment pouring form overseas.according to a new study,it clearly shows that India's economy will outstrip the United states and Japan by 2050 with a much more optimistic date put for 2030.
India needs to do a lot more as regards transparency and infrastructure development.but the good news,well,i should say,what is shocking experts world over is that while China had to invest more in infrastructure,be more transparent in business dealings and had to spend more on training its citizens,India spent very little on infrastructure[compared to China],still has problems with transparent business dealings and yet managed to provide quality work that turns to be better than the work provided by China.this has caused many people to take a very close look at their readings and it seems that the Two giants of Asia are in the race for the top global power.
Be that as it may,come 2050,the BRIC economies that includes Brazil,Russia,India and China will outstrip their American and European counterparts in GDP!something to much about,right?