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Posts Tagged ‘star tribune bankrupt’

Tomorrow the world will see the first afro-american president of United States. He is going to begin with huge people support and is seen as a “fairy” who could change all the problems like Iraq, Afganistan and Recession with a magic wand. Is that so easy? Only time will tell.
Obama have already declared Iraq and Economy as his top agenda. The first and foremost problem, ie Iraq has already depleted the global image of USA. The war which began as a response to Iraq’s possession of weapons of mass destruction in 2001 has now turned into a civil war and the hatred among Iraqis is reflected by recent shoe gate incident.
The next problem is not only America’s problem but also a global one. Everyone from US to Korea are feeling the pinch in one

Smoking Joe

Smoking Joe

way or other and the unemployment rate is at all time high. I personally feel even Obama will not be able to negotiate economic slowdown but can suppress the phenomenon by taking some path braking reforms that revived America from its previous recession in 1930.

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When news about “satyam fraud” broke out, we could see immediately view the damage it has caused. It’s a huge blow to corporate India and particularly IT sector. Doubts were raised about other IT majors but it seems to have subsided a little bit after infosys reported their Q3 results. But, in long term perspective satyam would be viewed as the fiasco which showed major holes in the Indian corporate governance.
Now that Mr. Raju in jail, the government has taken some strong measures. New board members have been announced and they are taking every step to solve the liquidity crisis.

satyam employees disgusted

satyam employees disgusted

The government has declined a bailout and that is bad news for 53k employees. And finally government must look into some 6k freshers who have been waiting from may that they would join satyam someday.

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