The Death Sentence From GM
Feb 8th
The continuous failure to support from the general motor corporation has come as a certain death sentence to its dealer network. During the time when GM sold almost more than 50% of the vehicles sold in America it created a vast dealer network around the U.S to provide its customers with the best support, it also made them a giant in the automobile industry, but now in this global recession period and under fierce competition it hardly reaches the two digit figures, in terms of percentage of the total sales, now the dealers are facing the heat with too much competition in their own turf many fail to sell any cars and fall under huge debt crisis. With the company herself under bankruptcy charges and nearing shutdown the fate of these dealers is only to bail out from the industry, some are lucky enough to walk away freely but many under debts depend solely on GM. If the company continues to decline some more it surely is the death sentence for many.
Oil Producing Nations In A Tight Spot
Feb 8th
It’s really hard to believe that somewhere in the world a gallon of fuel is being sold just for 12 cents. But it’s actually true. Caracas, Venezuela sells the cheapest gasoline on earth a liter sells only for 3 cents there. But the government copes up with this price only with a heavy heart, with the oil demands growing everywhere, the oil prices are beginning to shoot up around the world. But the major oil producing nations like the Venezuela, Saudi Arabia, Iran, Iraq suffer heavily unable to raise their own domestic oil prices, just because the people are so used to it. Oil price raise even causes violent riots among people if brought into practice, with their incapability to raise the prices people continue to use more and more petrol without saving any, and hugely affecting the country’s oil exports, resulting in heavy decline in economy. Such a situation really puts these nations in a tight spot.
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Feb 8th
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Essentials Of Online Trading
Feb 8th
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The Beginning Of The End
Feb 8th
Every good thing has an end and so does the bad things, and the only bad thing that has hit the economy since the second world war is this global recession. But fortunately it is coming to an end as well, say the economists. With the increased consumption and demand in the economy, and due to several tax cuts, lower interest rates, and many other initiatives the economic condition has revived itself from the downfall and is slowly raising instead of falling any deeper. Many predict that the global economic condition will return to its old glory in time so as to help the many un employed, and bankrupt people of the world who are In the verge of poverty. Though it’s only a prediction it sure does help boost the spirits of many.
Pirates Caught On Net
Feb 8th
The largest internet free file sharing website the pirates bay was seized for illegal promotion of downloading copyrighted files and four men responsible the website’s activities were arrested and were sentenced a years jail imprisonment by the Swedish court. This was an unusual victory for the entertainment industry as huge losses to companies like Sony, Warner bros, EMI, universal studios and many others were mainly due to these illegal websites which allows its viewers to download original copyrighted music, games and softwares for free. The caught owners of the website Gottfrid Svartholm Warg, Peter Sunde, Fredrik Neij and Carl Lundström have also been charged $ 30 m for the losses their website has caused in addition to imprisonment. Though there are hundreds of other websites which promote these same illegal activities, this small victory will carry the most important message to the public that ‘Piracy is wrong.
General Motors Forced To Restructure
Feb 8th
Once considered as the giant of the automobile industry is facing the worst situations in the recent times due to its incapability to compete and show better outputs in the recent years. The company almost now runs only on the U.S tax payer loans and owe around $13.4 billion in loans to the U.S government. The government has forced the General motors corporation to restructure its organization or threatens of filing bankruptcy charges. With steep downfall in sales and tremendous debts causing employee scarcity has forced it sell some of it’s manufacturer division and search for foreign investors. With no money innovate and produce fuel efficient and many losing faith in investing in its complex financial structure we can only hope it survives this global recession.
Pirates Gets Their Hands On The Shipping Industry
Feb 8th
Piracy has really become a serious threat to whole world, not just in terms of human safety but also to the economy. The pirates of Somalia are almost fearless and continue their attacks on the container despite the untiring efforts of all nations and the naval forces. Ship hijacking by pirates have almost become common today, with atleast 3 ships being hijacked every week. Due to these attacks the insurance becoming more reluctant to grant agreements with shipping companies, and the ships are forced to take longer and safer routes due to which the cost of transporting via the ocean has almost become double when compared to 2005. Also due to no guarantee to the life of the crew, the wages for the men aboard the ship has to be increased tremendously just to keep them on board. All these hijackings have caused severe unrest among shipping companies and affect the prices of all products, which adds to the tension already caused by the economic recession.
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Feb 5th
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Easy Way To Get Rid Of Stress
Feb 5th
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