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Weekly news fom 4th oct 10th oct-2010
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Weekly news fom 4th oct 10th oct-2010

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news from 4th oct-10th oct

news from 4th oct-10th oct

Published in: News & Politics
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  • 1. Submitted By:Karan KapoorMba-2-ib
  • 2. Tech power India fails keep CWGwebsite up and running
    Commonwealth Games official website has gone for a toss.
    The mess is the result of an expensive piece of technology, the Timing, Scoring & Results (TSR) system, a key requirement in modern sporting events.
    The system was procured by the Games OC for a stunning Rs 112 crore, which is five times more than what Melbourne paid for its TSR system at the last Commonwealth Games. Experts here say it could be bought for Rs 35 crore.
    Now, after a week of complaints and with just five days to go, Infostrada, which provides comprehensive statistics and sports information services at the Games, will now launch a new website solely for the media's use.
  • 3. China currency must rise to fix imbalances
    Billionaire investor George Soros considers the global currency system "lop-sided" and "controlled" by China
    One of the basic imbalances that was at the root of the financial crisis and which needs to be corrected is the chronic (trade) surplus in China and big deficit in the United States
    China has kept its yuan currency undervalued in a managed float to keep its exports competitive.
    Soros said China's currency should be allowed to appreciate, but a sudden jump of 20 percent or more would lead to reduced exports and unemployment in China, reducing consumption there.
    .
  • 4. China to Overtake Japan in Global Wealth Rankings
  • 5. cont
    China stood at seventh place in the global share of wealth.
    In the same period, Japan’s wealth only rose by 5%, largely because its adult population growth grew at a negligible 3% while equities and house prices have stagnated.
    China has the largest proportion of what Credit Suisse calls the ‘middle segment’, or individuals with $10,000 to $100,000, or 60% of the global total of 1.05 billion people.
  • 6. cont
    This group comprises 23.5% of the global population and holds 16.5% of total wealth.
    In contrast, the top 10 countries by level of total household debt are all developed Western economies, with the exception of Japan which is second after the U.S.
    South Korea has the largest total household debt out of Asian emerging markets at $830 billion, which is 6% of the U.S. level of $13.97 trillion
  • 7. Google’s relatively new service has been quietly sending tremors throughout the telephony industry.
    And Google Voice—a service that’s like a supercharged telephone number that you can use from your cell phone, smartphone, or from Gmail—is gaining traction, offering features that are either unavailable with other phone numbers or available only at a fee
    Moreover, Google plans to roll out Voice internationally
    .
    The only question is when. But whether you get Google Voice now or in the near future, it’s likely to make you rethink your current phone setup —or , at the least, to provide you with some attractive, free options for enhancing how you use your existing lines. So what can the telephony product do for you?
    Google Voice: Next killer application? 
  • 8. Emerging Asia must move to end crisis-era spending: IMF
    Asian governments should move more quickly to withdraw crisis-era spending, the International Monetary Fund said on Saturday, eyeing creeping inflation in the region.
    According to the IMF, Asian economies will expand an average 7.9 percent this year before slowing to 6.7 percent in 2011, as stimulus measures introduced to combat the global financial crisis are withdrawn.
    Japan' economy is expected to expand a more meager 2.8 percent in 2010, before slowing to 1.5 percent in 2011.
    Japan's cabinet on Friday approved a new emergency stimulus package worth 61.3 billion dollars to help shore up an economy hit hard by deflation and the impact of a strong yen.
  • 9. cont
    .The stimulus is the Kan administration's second since it came to power in June and includes job programs, welfare spending and programs formall businesses and infrastructure.
    In India, stimulus measures were introduced in late 2008 to help the country out of the global economic slowdown.
    The measures currently account for some 12 percent of GDP, while the central bank has injected 120 billion dollars into the economy since October 2008 by slashing rates and taking other measures to boost business.
  • 10. India-EU trade deal may nullify UK migration cap
    India-EU agreement had split some of the most senior figures in the Conservative-Liberal Democrat Coalition.
    Acc to Business Secretary Vince Cable and Foreign Secretary William HagueEU-India agreement must go ahead because it is worth hundreds of millions of pounds to business. UK will be bound by any final EU agreement and British companies will be able to recruit in sectors such as information technology, management consultancy and engineering.
  • 11. Apple's tablet taking off at breakneck rate
    Apple’s tablet is taking off at a breakneck rate.
    Analysts now predict up to 40 million will be sold in 2011.
    With personal incomes and spending stagnant, it’s looking like a zero-sum game in consumer electronics
    The iPad will eat into camera and GPS device sales too.
    . It looks on track to become the fastest adopted consumer good ever. And that’s really saying something considering the competition includes the ubiquitous DVD player, and Apple’s own hyper-popular iPod and iPhone.
  • 12. The iPad is showing signs of extending beyond this base. It looks on track to become the fastest adopted consumer good ever. And that’s really saying something considering the competition includes the ubiquitous DVD player, and Apple’s own hyper-popular iPod and iPhone.

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