Economy of Social - Social Media Tips, Marketing and Business

Today might go down in history as a day when big big money was spent on a select few while others were trying to live on 100($14.63) yuan a week . Freddie and KP managed to fetch $1.55 million each for 3 weeks of work. Recession, salary cuts, millions of job losses,US stimulus package debate...Err Is this true ??? But the bigger set back was for the pup(Michael Clarke). He was reserved for a base price of $1 million, which Mr IPL (IPL chief commissioner-Lalit Modi) said nobody was willing to offer . So to avoid humiliation pup (future Australian captain) decided to rest, atleast for the media. Now thats what I call a hay day layoff and a high ego. Anyways unemployed youth like me are more than happy to write about such tea time gossip. The western world meanwhile was bickering about the bail out stimulus package when Michael Phelps the marijuana swimmer got kellogged. IPL was giving money and Olympic champ was to have none of it. Kelloggs said that it would not renew the contract with...

The chilly winds of slowdown have been quite troublesome for almost all of us, but despite all that chill, there are some safe havens. It is not exactly a safe haven, but a shelter from the cold. The shelter you were planning for all those years. After the RBI's move and governments assurance to monitor the liquidity condition on daily basis, the public sector banks have cut interest rates by 0.5 to 0.75 percent. The floating home loan rate will be available for 10.25%-11% for loans upto 30 lakhs and a maximum of 12% for loans above 30 lakh. The difference of this will have a direct impact on your Equated monthly installments by about Rs 2000. Although it is being widely speculated that the buyers are currently putting all big purchases on hold because of the market with a fear of slow down and high inflation and will not take the bait. The progressive slowdown in demand for the residential sector and investors in the last couple of quarters was a result of RBI's multiple inter...

The maddest and the craziest time of the year, Diwali has arrived, but something is different, not as usual. The madness is not the same as it was last year, and the celebrations are less. The answer is written all over the 21 inch sets beaming stripes of fast moving lines with numbers along side green and red indicators and a serious female painted with more than required material speaking in a rather fast way, repeating the words "Market" and "Down" frequently. The markets are rolling down the slope of an illusionary slope created by the mad rush and greed of investors last year. The market is setting records of new depths as the fire ball is gulping down many people, as it rolls downhill. The investors have lost money, they are madly selling of their shares and henceforth pulling the fireball with an even more greater speed. All this loss has directly hit the festival with the highest expenditure of India, Deepavali or Diwali. Many are buying less expensive gift...

Anatomy of the financial crisis - Views - livemint.com This is a very well written article that shows how some key policy decisions taken around 3 decades ago in the US have lead to the current financial crisis. The first was to deregulate the fixed commissions for stock trading in the 1970s and the second was of eliminating Glass-Steagall restrictions on mixig commercial and investment banking. A fixed commission meant that the investment banks made a comfortable living. deregulating of commission meant greater competition and thinner margins. The latter led to eating up of investment bank's share by commercial banks. Another key factor was the policies that gave rise to global imbalance. The federal reserve cut interest rase in response to the 2001 recession.

The giant investment bank succumbed to the sub-prime mortgage crisis that has rocked the United States and the global economy. Lehman was strangled by a massive credit crisis and fast plummeting real estate prices. The gargantuan $60 billion loss in bad real estate loans forced the bank to file for bankruptcy. However, the fall of the 158-year-year institution that started cotton trade in US before the American Civil War and financed the railroad that built a nation, got hit by a large dose of bad luck, pride, arrogance and greed. Primarily, the pride of its chief executive office Richard Fuld .

America 's fourth-largest investment bank Lehman Brothers Holdings Inc has filed the biggest bankruptcy petition known to mankind. The 158-year-old firm was founded by brothers Henry, Emanuel and Mayer Lehman, Jewish immigrants to the US from Germany , in 1850. Henry set up a general store in Alabama in 1844 and was later joined by his brothers. In 1850 they set up the merchant bank in New York after having made money in railway bonds. So what went wrong? L ehman Bros, which till June 2008 had not reported a quarterly loss even once, had earlier survived many an economic crises, like railroad bankruptcies of the 1800s, the Great Depression in the 1930s, and the collapse of Long-Term Capital Management in the 1990s. Thus the collapse of the giant investment bank came as a major shock for the entire world markets that plunged after Lehman filed a Chapter 11 petition with US Bankruptcy Court in Manhattan . The $613 billion (some estimates put the size at $639 billion) bankruptc...

Wall Street analysts believe that it was the 'hubris' of Richard Fuld , the 62-year-old CEO of Lehman, who did not take the telltale signs of impending doom very seriously. Fuld, nicknamed The Gorilla for his foul temper, intimidating presence and tough talk, rejected many bids to save Lehman because he thought that the sinking giant was much bigger than Wall Street was giving it credit for, and wanted to get more price for the sale of the company . Analysts say if the bank was sold just a week before it went kaput, it could have been saved the ignominy of a bankruptcy, but Fuld was far too adamant to see reason. Result: the end of a 158-year-old financial giant.