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In a bid to halt the continued economic slowdown, China's parliament today approved a new five-year plan, laying out the e
Emerging markets, with the exception of India, are facing their fifth consecutive year of slow growth and a possibly longe
Japan sidestepped recession last quarter: Revised data released today showed its economy grew at an annual 1.0 per cent pa
The impact of China's economic slowdown on the global economy
Global economy is "slowly slipping" into Great Depression-like problems of 1930s, RBI Governor Raghuram Rajan ha
Admitting that China's economy is facing considerable downward pressures due to the slowdown, Premier Li Keqiang today sai
Western countries are trying to use the Ukraine conflict to topple President Vladimir Putin and wreck Russia's economy, th
President Vladimir Putin vowed today that Russia would rapidly recover from its financial crisis and said his grip on powe
Japan's economy unexpectedly shrank in the third quarter as housing and business investment declined following a tax hike,
Goa Governor B V Wanchoo has expressed concern over the rising crime in the state.
"We should arrest t
The Onion made my day:
After nearly four months of frank, honest, and open dialogue about the failing economy, a weary U.S. populace announced this week that it is once again ready to be lied to about the current state of the financial systemMore here
Tired of hearing the grim truth about their economic future, Americans demanded that the bald-faced lies resume immediately, particularly whenever politicians feel the need to divulge another terrifying problem with Wall Street, the housing market, or any one of a hundred other ticking time bombs everyone was better off not knowing about.
The Pew Research Center asked 1,003 Americans what they considered to be a necessity as against a luxury they could live without. This is what they found:
OK, I can off-hand explain the figures for TV (computers perhaps as alternatives?) But what good is a TV without cable or satellite -- so what explains the lower figure for these? And what explains this fascination for landlines? What really threw me was that only 31 percent want high-speed internet. Perhaps I should go back and read more carefully about the sample size, demographics etc. As for other things, has the recession also brought about an end of materialism?
It'd be fascinating to do a similar exercise for India -- but then which India? It's sobering to think about those without access to food, clothing, education, water, sanitation, electricity but for now perhaps we could start with a similar survey of those who access blogs such as this one: So tell us, which of the above are necessities for you?