Who opened Pandora Box?First decade of 21st century has been heavily covered with blood of unjust wars from the beginning. The rulers weren't able to use the rapid Internet and cell phones communications to talk and resolve the issues. In same time we are witnessing incr… more »

" Gold fever" sweeping across world.The international gold price topped the 1,200-US-dollar an ounce mark on Wednesday, hitting an all time high.Trading markets worldwide, from the United States to Europe, and from Asia to Australia, are all resounded with exclamations that "the price of gold, going up! going up! and again going up!"Gold price rose to 1201.63 US dollars on London Bullion Market on Wednesday, whereas in the New York Mercantile Exchange, February gold futures contract surged 16.70 dollars an ounce to 1216.90 dollars an ounce; Singapore gold spot price rose as much as by 1.6 percent to 1215.85 dollars an ounce.So, the world gold price has risen nearly 40 percent so far this year. more »

Recession has bottomed out and start digging. All bad news from the retailing front in Japan.While the government is trying to put up a brave front by insisting that the recession has bottomed out—and is offering eco point incentives to encourage people to replace their TVs, home appliances and cars—consumers aren’t taking the bait. more »

President Obama fired a warning shot at Wall Street on Thursday, branding bankers “shameful” for giving themselves $18.4 billion in bonuses as the economy was spinning out of control and the government was spending billions to bail out many of the nation’s most prominent financial firms more »

"Men who made £1bn as banks were bailed out" by Guardian, UK. As their banks took huge risks, these men took huge salaries and bonuses. more »

The worst economic turmoil since the Great Depression is not a natural phenomenon but a man-made disaster in which we all played a part. In the second part of a week-long series looking behind the slump, Guardian City editor Julia Finch picks out the individuals who have led us into the current crisis more »

The Swedes, who pulled off a rapid recovery from their own banking crisis in the early 1990s, have a simple message for their American colleagues: Bite the bullet on nationalization. more »

Is the Fed running out of firepower? Or, to rephrase the question, is it possible that the central bank of the world's biggest economy is becoming overstretched and overwhelmed by the costs of the crisis? If so, does that mean the United States could go bankrupt? more »

The anti-Semite's new Santa is Bernard Madoff. Rich beyond human comprehension, he handles fortunes for others, buying and selling in a trading empire that skirts investment banks and other possible sources of regulation. Even better, for those obsessed with the idea that Jews control finance, entertainment and the media,is the idea that Madoff's greed was uncontrollable enough that he targeted fellow Jews, some of them his own friends, as well as Israeli companies. more »

The house of cards created by Madoff in early 1980 as his Ponzi style hedge fund company, which suppose to worth $50 billions collapsed on December 11, 2008 when FBI arrested him. more »