“Recession is when your neighbor loses his job. Depression is when you lose yours”
Ronald Reagan
Regan was the most practical man when he explained recession. Year 2008 marked the most serious recession after the great depression in 1930. But the worst was not yet over. In 2008 it started with Lehman brothers. In 2011 it started [...]

After the global financial crisis now it is the turn of Goldman Sachs. Goldman Sachs is the major financial services company in the world. But the common people in US do not like the company (I came to know about this from Michael Moore’s documentary ‘Capitalism: A love story’). During the days of recession the [...]

In a study done by London business school it is found out that Sweden is the most innovative driven economy in the world. Sweden has ousted US from the throne. The top five economies are Sweden, Japan,US, Finland and Singapore. Countries are selected in terms of technological skills and usage of communication technology.

In the union budget there was some hike in the personal income tax limit. This proposal came at a time when global recession showed withdrawal syndrome. It is a simple logic that when the people in a country spends then only the economy of the country booms, we can’t always look overseas for development. Which was evident during the time of global recession.