Archive for the ‘Economy and Business’ Category
Electronics Giants Post Massive Losses
Friday, May 15, 2009 17:42 No CommentsSony
Sony announced a loss of $1 billion for the Financial Year ended 31st March, 2009. This came on the back of a $1.72 billion loss in the last quarter alone, wiping out the $720 million profit it had made in the first three quarters.
This was the first loss in 14 years and is attributed to [...]
Job Losses are Good News?
Monday, May 11, 2009 17:34 No CommentsI believe it was the late James Goldsmith who said “If you can see the bandwagon, you are too late”.
Investors world-wide are determined to be the bandwagon, not see it, if the recent surge in stock markets is any indication.
April job losses in the US were only 539,000 which is supposedly good news (or at least grounds for [...]
Asian Markets Surge – Why?
Tuesday, May 5, 2009 16:46 No CommentsOn Monday 4th May, 2009 Asian Markets surged, supposedly on indications that things are looking up for the Global economy.
On 5th May a securities researcher noted that buyers who invested on the Stock Exchange of Thailand (SET) in mid-March would have made a 50% return on their investments by now.
Well, I did not and this [...]
A Strange Idea of What Democracy Means
Wednesday, April 15, 2009 16:02 2 CommentsIf you follow Postbag in the Bangkok Post, you will be quite used to Cha-am Jamal’s (perhaps) eccentric views on climate change and global warming.
In today’s paper he wades into the current conflict, suggesting a compromise might be for PM Abhisit to step down and someone from the Newin Chidchob faction be appointed as PM. (A [...]
President Obama on the Home Mortgage Crisis
Thursday, February 19, 2009 13:06 No CommentsLast night the news channels carried a speech President Obama delivered at Dobson High School, Mesa, Arizona.
I was impressed by the plan he unveiled, and especially the frank way in which he explained the impact of the Home Mortgage Crisis and the factors behind it. The $75 billion plan should help to alleviate the misery of many families [...]


