Speculative trading in commodities and energy will be stopped. The futures markets regulator in the US may come up with a law that will stop speculative trading in the futures markets. Public hearings will also be held to seek opinion on this. Gary Gensler, Chairman, Commodity Futures Trading Commission says comments will be sought from [...]
In USA healthcare is in a mess. Urgent managing of the same is required to stop financial drain and suffering of the ordinary Americans. Good treatment is synonymous with perfect partnership between the doctors and the available facilities. Per head medical expenditure in USA was $5,711 in 2003 – it being twice that of most [...]
The dwindling salaries and rising costs are making Americans trim their lifestyles as the worry is being focused on environmental issues. Professor Michael Maniates of Allegheny College of Meadville Pennsylvania said, “Perhaps the silver lining (of the recession) is that people are coming to realize they can live with less and their lives are richer [...]
The government is now admitting that it had not gauged properly the intensity of the economic crisis. The reality is that it had overestimated the strength of the stimulus packages. During the eight years of Bush the debt because of stimulation increased by $5 trillion. In the same time span the debt of households shot [...]
Insiders are playing deadly games in Wall Street. At one time everybody looked up to a bright future in the finance sector to become bankers and financial managers. But even then there were skeptics who did not think Wall Street a very respectable place to crowd around in. Most of the deals appeared to be [...]
Research is being carried on as to why America has the costliest healthcare infrastructure but it is not matched by equivalent standards. Among the affluent countries, Americans are among the least healthy citizens. The best hospital in America is Mayo Clinic – it being the foremost in treatment technology. It is the prime hospital in [...]
Mayhem in USA healthcare is causing financial losses to the individual and the country apart from not improving the health index of the country. Among the developed affluent countries USA has the worst health figures as regards wastage and quality. To analyze the reason for this, studies have been conducted on the macro level by [...]
Oil prices have dipped below $60 a barrel on Friday. Crude prices have fallen by more than 10 per cent amidst growing pessimism that the economy is in turbulence. The companies will also come up with their quarterly reports soon. The crude prices settled $59.89 a barrel on the New York Mercantile Exchange. At one [...]