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This blog is for students, managers and those lay people who are interested to contribute to, comment on or simply share their workplace problems and are keen to learn about issues relating to public finance, corporate finance and macro-economic management affecting their lives.

Saturday, May 22, 2010

News you may find interesting

From rags to riches or from jail to riches? Read...

You have to work hard to be a billionaire. And working hard means working your way through the jail. Read: http://www.forbes.com/2010/05/28/billionaire-convict-inmate-fugitive-sanford-jail_slide.html

Plug oil leak with mud- in Pakistan? No
No no, you got me wrong. Not in Pakistan. BP Plc may attempt early next week to plug an oil leak 5,000 feet (1,524 meters) below the surface of the Gulf of Mexico by stuffing it with drilling mud, a procedure that has never been tried that deep. 

Blue Gold: Water Is The Next Big Commodity

If water is the new oil, T. Boone Pickens is a modern-day John D. Rockefeller who owns more water than any other individual in the U.S. and is looking to control even more. He hopes to sell the water he already has, some 65 billion gallons a year. By 2030 nearly half of the world’s population will inhabit areas with severe water stress, according to the Organization for Economic Cooperation & Development. Source: Businessweek.com

Americans are Saving not Spending
A recent study by Harris interactive for the AICPA found that 25% of Americans were spending wisely or spending less in an attempt to save money. That compares with 2% who said they cut spending to save last year. The study also showed that just 15% of respondents said that they couldn’t save money as compared to 29% who said that last year. Source: Investment News.

Home Prices in UK Falling Fast
Home prices in the UK took their largest tumble in May in the 17 years of recorded data. House prices fell 2.5%in May with prices falling 4.4% from a year earlier. Prices have fallen for 7 months is a row, the longest stretch in 26 years. Source: Wall Street Journal.

35 Hour Workweek No More
French president Nicholas Sarkozy is introducing a bill that would end France’s 35 hour work week which was introduced back in 1998 as a way to increase jobs by limiting the number of hours others were available to work (previously a 39 hour work week). Source: Wall Street Journal


  1. Americans are saving for themselves. Pakistanis are spending for...?

  2. First of all thanks for posting this intresting article.plz can upload this article in bigger font.
    and wat dou have to say bt ARABS and their oil resreves.?

  3. Arabs are the greatest spenders but they spend when they have the money. In our case, brokes are the biggest spenders.

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