Who knows that the Wall Street, in the face of fierce attack from all over the world, may crumble much faster than the Wall itself? Traditions have it that the Dutch had built a protective earthen wall to defend New Amsterdam from attacks from the North. New Amsterdam, along with New Netherlands, was eventually occupied … More OWS: Are the Commies coming again?…..
Another economic meltdown is in the offing; this time visiting the largest economic region known as Eurozone. The steady rise in gold prices was a clear signal of the way this calamity is unfolding. This will be no less than the economic crisis of 2008 which shook the foundations of American economy. Eurozone is a geographic … More Eurozone economic meltdown imperils weak economies….
Is the Capitalism heading towards a collapse as already predicted by many but most predominantly by Karl Marx? If yes, what are the catalysts? Not the Communist Russia or the ideology it stood for because USSR itself has already collapsed at the hands of a combined force of Capitalism and Islam. The former invested its … More Collapse of Capitalism and collision of high-speed trains on Beijing-Shanghai track….
It is the power of economic numbers that makes countries powerful, or super powers, and not the number of its military personnel. As a matter of fact, the super powers in human history gained their distinctions on the basis of the power of their GDP; the power to sustain military might. Without a robust and … More Economy is more powerful than a powerful military….
The US economy is facing a crisis situation which, if not addressed by the end of this month, can blow up as a national catastrophe. As reported by The Christian Science Monitor, Washington’s self-imposed deadline to do something credible on the debt crisis before the Asian financial markets opened on Sunday passed in silence, marked … More US economy; between devil and the deep sea….
People have already become sick and tired of TV talk-shows where phony security analysts, economists and a host of other self-appointed experts try to give their “expert” views on sensitive matters. In addition to this, the talk-show hosts who are good-looking but mostly immature venture their opinion which lead the viewers to nowhere but inflict … More Pakistan Budget; don’t listen to phony experts.…
Pakistan’s economy is composed of three major components; agriculture, industry and services. Agriculture alone contributes nearly one-fourth of the GDP but in spite of this, the taxation structure of Pakistan is grossly distorted because agriculture sector dominated by the sitting parliamentarians has always been out of tax net. Pakistan’s tax-to-GDP ratio is one of the … More Pakistan’s biggest national taboo….