Car Care
July 25, 2013 Leave a comment
Interesting Press Cutting
July 24, 2013 Leave a comment
I came across this press cutting online.Its in Hindi.So apologies to my international readers.However you are not missing much as similar information in English is already available on this blog.Link.This cutting is more for the flavour of reading something in the vernacular.Definitely the words on the margin capture our deepest beliefs well.
Cost Of Studying In The USA
July 23, 2013 3 Comments
The typical cost of studying in US universities is anywhere between $15,000 and $30,000 per year. This is just the fee. The living expenses are about $15000 in a year. Hence a student has to spend about $30,000 to $50,000 per year for higher education. Â The total course would cost anywhere between $40,000 and $80,000.
20% Fall History
July 23, 2013 Leave a comment
In 2008, when Lehman Brothers imploded on September 15, the Rupee, which had by then slipped a bit from its sub-39 all-time high to around 41, fell sharply and by the time the music really stopped, about 3 or 4 months in, to over 50 to the dollar, a decline of 20%.
In August 2011, when the US debt downgrade followed by the exploding of the European sovereign debt crisis (courtesy Greece) hit emerging markets like a bomb,the Rupee, which had been hovering between 44 and 46 for several months – during which, incidentally, both exports and imports were growing like gangbusters – collapsed in a near-straight line, triggering RBI action on December 15, tightening rules and squeezing liquidity. When the dust had cleared – or so it seemed – the rupee had lost over 20% and there was blood all over corporate balance sheets (and, of course, profit and loss statements). The banking system is still recovering from this.
This time round,the fall so far is just half of that in the previous two cases.
wealthymatters 