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Archive for January, 2009

Hats off to the Pilot of US Airliner which crashed in Hudson river, saved 155 lives

January 16, 2009 By: admin Category: North America, Travel, Uncategorized, World City Information No Comments →

It is the courage of the the pilot of the US Airliner which made the whole difference.  150 passengers and flight crew had a miraculous escape when the  the Airbus A320 was hit by bird and its both engines failed.

The decisions which were made with in seconds made all the difference.
Passengers on the US Airways flight that crash-landed into the Hudson River Thursday afternoon praised the actions and courage of the pilot, a safety consultant with 40 years of experience in the aviation industry.

The US Airways Airbus A320 crashed just after taking off from LaGuardia Airport heading for Charlotte, North Carolina.
Officials believe the plane may have collided with a flock of geese.

United States and World Financial Crisis

January 08, 2009 By: enigma Category: Business and Trade, Employment, World Economy No Comments →

The financial crisis in the form of sub-prime crisis which started in United states has now engulfed the whole world. Countries like China and India who command natural development growth is also started getting affected due to loss in export orders and service export orders.

United states has been creating world demand as it has been spending more than what it has been producing. Over the last two centuries there has been growth in demand and the supply has been from the developing countries.

Now the question is as there is a collapse of the wall street and subsequent effect in the many sectors of the economy like automobile, housing in terms of unemployment, excess production  etc what are the steps that is being done by the US government to take the economy back to growth?

The new government of United States under the leadership of Obama is going to come into effect from 20th January and there are number of issues to be handled from economics to international problems.

If the United States gives more bailout packages, then, which sectors are going to get the maximum benefit and how is it going to affect the unemployment and real economic output growth with in USA? Is there any change in the outsourcing policy ? Is there going to be more protectionist tendencies in United States?


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