The Russian Federation will be hosting XXII Olympic Winter Games (22nd Winter Olympics) for the first time (since the breakup of the USSR) from February 6 to 23, 2014 in the Black Sea resort town of Sochi, Russia. Soviet Union hosted 1980 Summer Games in Moscow, Russia. Sochi has a population of over 400,000 and […]
Author: elegant
Will Janet Yellen continue current Fed policies?
The U.S. Senate is expected to take up the nomination of Janet Yellen as the next Chairman of the Federal Reserve in early January 2014 after the Senate Banking Committee earlier this month decided to recommend approval of her nomination. If confirmed by the Senate she will be the first women to hold the coveted […]
Some basic information about Exchange Traded Funds (ETFs)
The Exchange Traded Funds (ETFs) have $1.18 trillion assets invested across 1,476 funds. This amount of funds equals to one-third of all money invested in the U.S. equities. This is a remarkable achievement for the ETF industry which started in 1993 with a single fund. During 2000 to 2010, funds invested in ETFs grew more […]
Obamacare Web site causing havoc among many
An estimated seven millions who are currently uninsured are expected to sign up to get health insurance under the Affordable Care Act more commonly called Obamacare. Since the opening of the Federal healthcare exchange on October 1, 2013, many Americans are finding it difficult to log onto the Web site to sign up. The Web […]
New leadership in China wants to go back to Maoism
The new Chinese President, Xi Jinping, thinks that China is rapidly moving away from Mao’s fundamentals and towards excessive ambitions. Mao Zedong championed learning from the masses and staying close to its people. The new conservative President is starting with 85 million strong party officials and making an attempt to rid the nation of corruptions […]
Philippines slowly getting much needed support several days after super typhoon Haiyan
The island nation of Philippines is still assessing the damage caused by most destructive typhoon Haiyan that hits the middle portion of the country on the morning of Friday, November 8, 2013. Philippines is accustom to typhoons, but Haiyan with more than 500 mile spread and recorded sustained winds of 195 gusting up to 235 […]
New iPad, The Air from Apple to help its bottom line
Some industry experts estimate that the number of tablets shipped during the quarter ended in September 2013 to be around 47.6 million units. Apple, the largest tablet vendor accounts for 14.1 million units while Samsung coming in second. Can Apple keep continuing this success in the tablet war? Apple expect to start selling its newest […]
Twitter to become a publicly traded company
The other social network giant, Twitter, is making an Initial Public Offering (IPO) on November 7, 2013 on the New York Stock Exchange (NYSE) and intends to become a publicly traded company. Twitter has more than 230 million subscribers at this time. It is expected to raise $1.6 billion which is equal to one tenth […]
Big setback for launching of the new Affordable Care Act
It appears that President Obama’s single most domestic achievement, the health-care law, running into turbulent time. Many who live in states that opted to sign onto exchanges run by the Federal government’s healthcare.gov exchange are having difficulties logging on to the Web site to select a plan and register. Many try to connect the Web […]
Is Putin the unlikely hero of the Syrian chemical weapons deal?
In July 2012, the Assad regime confirmed that Syria possess stockpile of chemical weapons. The international community especially the President of the United States was closely watching the ongoing civil war in Syria and previously indicated that it will take action against the Syrian government if chemical weapons are used against civilians. According to many […]