US automaker bailout deal fails to pass Senate

Friday, December 12, 2008 A US$14 billion bailout package deal for the “Big Three” United States automakers — Chrysler, Ford, and General Motors — has been rejected in the United States Senate after failing a procedural vote. The bill was rejected after bipartisan discussions on the bailout broke down when Republican Party leaders insisted that […]

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Global markets plunge

Friday, October 10, 2008 Stock markets across the world have fallen sharply with several seeing the biggest drop in their history. Asian markets saw the biggest sell-off. The Nikkei dropped 9.62% to reach a 20 year low. Japan also saw a collapse of a mid-size insurance company, Yamato Life Insurance Company, which declared bankruptcy. The […]

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India: Jammu and Kashmir government orders private tuitions to shut down for 90 days

Wednesday, April 25, 2018 On Sunday, the government of Jammu and Kashmir, India, ordered private academic coaching institutions for students until and including class XII to shut down for the next three months calling those institutions “distractions” for the students; with an exception of coaching institutions preparing students for professional exams. After meeting the heads […]

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