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Friday, Jul. 3, 2009

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Nasty impact on common people from India's Gasoline and diesel price hike
Kiran Chaube
People are upset. Politicians are out of touch with common people. Export is dying. Jobs are disaapearing. Infaltion is rampant.
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U.S. Marines launched a major anti-Taliban offensive in southern Afghanistanto rescue captured American soldier
Special Correspondent
Afghan Police Gen. Nabi Mullakheil said the soldier went missing in the Mullakheil area of eastern Paktika province, where there is an American base.
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US Job report confirms depression and bear market
Peter Oberois
Employers cut a larger-than-expected 467,000 workers, driving the unemployment rate up to a 26-year high of 9.5 percent.
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US real estate markets in deep trouble - Mortgage applications in the U.S. falling very fast
Karen Zuba
This is very serious. The whole premises of Obama Administration is that refinancing and new loans will boost the real estate market which in turn will boost the overall economy.
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473,000 drop in the ADP Employer Services shows real trouble in US employment market – where will Dow be in the next six months?
Karen Zuba
What is the net impact on US equities? According to econometric and quantitative models, the stock market can tank 50% from the current levels in the enxt six to twelve months.
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Signs of severe bear market in US and global stocks imminent – the divergence in regional banks, homebuilders and of transportation companies
Peter Oberois
The bear market is live and well. It is ready to pound any time. Smaller banks in the lost 26 percent since climbing to a four-month peak in early May, while home builders tumbled 30 percent.
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Japanese manufacturers bounced back less than expected - exports and production picked up
Alan Hershey
The bounde is real. The extent is disappointing. The headline diffusion index for large manufacturers rose to minus 48 in June from a record low of minus 58 posted in March.
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Chinese retreats on plan for censor software - a temporary move to divert intense criticism
Zena Rubin
But think tanks believe it is just a temporary move. China really wants to control the content on the Internet by hook or crook.
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Sonam Kapoor sizzles in Abu Dhabi while shooting for Harpers Bazaar
Pam Bhandari
She is proud of herself.
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