economics
I'm not sure that it's entirely about reforms. I don't think India's economy is diversified enough that it wouldn't be feeling the effects of a U.S./global slump... Plus, its previous rapid rate of growth was unsustainable. Seems like a combination of factors.
1 FaverShareViewed: 2 TimesQuoted: Growth is slipping, stocks are down 40%, and foreign stock market investors are fleeing. Business blames the ruling coalition for failing to make reforms.
1 FaverShareViewed: 13 TimesQuoted: According to a United States Census Bureau report called the Income, Earnings, and Poverty Data From the 2006 American Community Survey, the richest state in the nation is Maryland, overtaking last year's wealthiest New Jersey.
The Honda Civic was the top-selling car in May.
1 FaverShareViewed: 1 TimeQuoted: In fact, after 17 years worth of being this country's best-selling vehicle, the Ford F-150 full-size pickup (42,973) has fallen for the first time to fifth place behind the Honda Accord (43,728), Toyota Camry (51,291), Corolla (52,826) and your new best-selling vehicle in the U.S., the Honda Civic (53,299).
2 FaversShareViewed: 12 TimesQuoted: A financial information site with an emphasis on Gold and Preservation of Capital. -- I've had a minor obsession with Detroit for the past year or so, ever since I learned that one could purchase a single family home there for $5,000 or less. In the world of sky high housing prices in my adopted hometown of Boston ...
Heard George Soros talking about his new book on NPR this morning.
1 FaverShareViewed: 10 TimesQuoted: "The idea was that regulators always make mistakes, state interference in the markets just messes things up," Soros says. "And that was a false idea .... Regulators are human and bound to make mistakes, but markets are also human and they are also bound to make mistakes. Instead of markets always being right, they're actually always groping at trying to find out what the facts are. But they never get it right."
1 FaverShareViewed: 3 TimesQuoted: Last night we saw the final instalment of Blood Sweat and T-shirts, the BBC3 reality TV show about the garment industry in India. We have been fairly critical of the show in previous weeks since it has seemed to focus on the Brit’s shock at their living conditions, but last night’s episode managed to present some really powerful messages and hopefully left viewers with a clear understanding of some of the difficult debates in ethical trade.
The author of this piece was surprised to find how many rich, satisfyling wines he was able to find for under $15.
1 FaverShareViewed: 5 TimesQuoted: The NYTimes recently reported that the sputtering economy and soaring food costs are forcing Americans to become thriftier at the table. Among other things, restaurant alcohol sales are down, and discount domestic beers are gaining at the expense of pricier imports. Wine went unmentioned, but strapped oenophiles are also scaling back.
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