That's the message prudent investors might take away from the news Monday that President Obama is proposing to plunge us
even further into debt this year than he did last year, amid the worst the financial crisis in generations.
And not just emotionally: while the freeze won’t be a big deal, it will depress demand during a period in which, according to the administration’s own projections, unemployment will stay very high.
Retire? You can fuggetaboutit if the new Global Debt Time Bomb is detonated by any one of 20 made-in-America trigger mechanisms.
"We are borrowing from future generations. Instead of transferring our wealth to them, we are transferring their wealth to us."
The next contagion is beginning to spread around the globe. It is unexpected on Wall Street, misunderstood in Washington — and very dangerous. It could sabotage the plans of the U.S. Treasury, the Federal Reserve, and many of their counterparts overseas.
Defaults by small and medium-sized U.S. businesses on loans, leases and credit lines to finance capital equipment investment fell for the first time in 2 years in December, adding to signs of a nascent economic recovery, PayNet reported.
“Fitch regards the deterioration in India’s public finances since 2008 as partly structural, putting negative pressure on the local currency rating that will require substantive fiscal reform to redress".
Reliance has also filed for seeking a fresh in-principal approval for its Gurgaon SEZ, after the Centre refused to extend the same in December last year, as SEZ rules don’t permit giving third extensions. The approval is yet to come from the Centre.
Those shortages strongly indicate a major market change, as China changes from a coal exporter to an importer, despite it having the world’s third largest coal reserves.
Suzlon has an existing orderbook of about $5 billion held jointly with another unit REpower Systems. Suzlon and REpower have a combined capacity to produce turbines to generate 5,450 megawatts of electricity.
Siemens to invest Rs 1,600 cr in India in 3 yrsRealising great business opportunity in the energy sector in the country, the company also plans to have presence in solar power, Bruck said, without giving further details.
A preferential allotment of 5 percent of GSPC at about 810 rupees a share has been made to existing shareholders, including government-run State Bank of India, the country's No. 1 lender, and state-run IDBI Bank, Pandian said.
India’s 3G subscriber base is forecasted to reach 50 million by 2012. Besides fostering sizable investment in the telecom sector for the nationwide 3G deployments, the upcoming spectrum auction will further boost wireless demand in the country, driven by the wider access to advanced data applications enabled by the 3G technology.
With the next wave of subscriber addition growth coming from the rural market most operators are currently trying to scale up in semi-rural and rural markets.
A source close to the deal said many potential buyers were scratching their heads at Reliance Comm’s asking price, said to be around $3 billion, for assets it collectively purchased over the last seven years for less than $600 million combined.
This comes in the wake of BSNL's deteriorating market share in the last various quarters and has come down to fourth place after Bharti Airtel, Vodafone and RCom. Even revenues have taken a hit last year.
