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Israel, allies start playing the old gramophone - in the age of YouTube and WikiLeaks

Funny story: Israel, allies start playing the old gramophone - in the age of YouTube and WikiLeaks

Coming from known sources, and having the reputation to distort the truth and thereby prevaricate, many seem to hear again the old familiar tune, having the distinguished smell of napalm too, that used to play one single, old, scratched gramophone over the last fifty odd years. Surely, the quality of that once globally famous 'tune' has degraded and degenerated to the forms of 'creaky old noise...

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Jasmine Revolution Raises its Head Among Tata Group Employees

Freedom. Sweet Taste of freedom. Seems to be returning at long last amongst hundreds of thousands of employees of the Tata Group of India. Libyans may be experiencing an uncertain phase regarding this fleeting taste of freedom as Gaddafi-backed forces lash out against civilians demonstrating against his regime, however the signs are palpably positive in corridors of the ninety-odd Tata Group f...

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Hillary SOS to China: 'We Need the Great Firewall of China'

Funny story: Hillary SOS to China: 'We Need the Great Firewall of China'

Here's what Hillary Clinton stated in January 2010 (during Google-China spat): 'Secretary of State Hillary Clinton joined in today. In a wide-ranging speech in Washington, Mrs Clinton said the internet had been a "source of tremendous progress"...

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Fed. Decision to Create Jobs in Printing Industry Backfires, Anti-dumping Duty Likely

Funny story: Fed. Decision to Create Jobs in Printing Industry Backfires, Anti-dumping Duty Likely

Since the speculation of Quantitative Easing (QE2) had begun back in August, many Chinese suppliers of printing presses started receiving a new flood of enquiries from the printers in China. And in November, when Bernanke approved QE2 with his sea...

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Preventing or Mitigating Future Crises

TEXT: Following is one section of the Bernanke speech on Financial Regulation & Stability in his Congressional testimony, dated 10th July, 2008.

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Bloomberg, Reuters & WSJ agree on headlines on crude, dollar and gold

Funny story: Bloomberg, Reuters & WSJ agree on headlines on crude, dollar and gold

You know it. There should be innovations, originality, creativity in journalism. And all of them try to be creative to differentiate it from the rest, more so in the title, in headlines. It's a maddening crowd, thanks to wired and online news. Bu...

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1000 times reward to US consumer offered for overspending

Funny story: 1000 times reward to US consumer offered for overspending

The Federal Reserves and its Chairman, Ben Bernanke along with the US government is trying everything possible to get rid of a recession in the largest economy of the world. Interest rates were cut aggressively; Congress and the President sanctioned...

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'Markets - Give me a Break!': Bernanke

Funny story: 'Markets - Give me a Break!': Bernanke

Well, we are almost there for the all important September 18th Federal Reserve meeting to review the benchmark Fed. rate. And as the Chairman of the Federal Reserve Board, I am forced to write this piece as I look at the madness that's been generated over this meeting.

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Fed. to bail out failed hedge funds of Bear Stearns

Funny story: Fed. to bail out failed hedge funds of Bear Stearns

Federal Reserves, under pressure from the U.S. Congress, have decided that when all that matters to solve the subprime market is few billions of dollars, it will bail the funds having maximum exposure to risky borrowers.

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Paulson against legislation to curb Yuan, Rice favors Birth Pangs

Funny story: Paulson against legislation to curb Yuan, Rice favors Birth Pangs

Treasury Secretary Henry M. Paulson has views contrary to four leading Democrat and Republic Senators in tackling the nuance of artificially kept low values for the Chinese currency Yuan, the root cause for burgeoning trade imbalances between the U.S...

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IMF warns 'asset bubble' & suggests 'dump dollar', G-8 to discuss

Record high stock and real estate prices, that can't be sustained by fundamentals, have prompted IMF to issue an advice to Asian economies "Dump Dollar".

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India warns Iraq with Cold War rhetoric

The cold war days are back, yet again. Both for the superpower status and for the super-backward status.

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Indian Prime Minister: Doctorate but Illiterate

Mahatma Gandhi, to show his compassion to the millions of the poor Indians, lived a simple life. His simplicity was interpreted by many to be akin to living in poverty. Any Indian political leader, by default, becomes a follower of The Great Mahat...

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Share blame, share Girlfriend solution works for the World Bank

Media report after report reported that World Bank president, Mr. Wolfowitz wanted the Board to share blame for controversy over salary raise for his girlfriend. Robert Bennett, his attorney, stated "Mr. Wolfowitz will not leave under a cloud&...

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