Articles and Letters

Articles Letters

Need for investment

Published on October 26, 2014Investment occupies pivotal position in the economic growth (GDP) equation [GDP = consumption + investment + government expenditure + (exports-imports)]. Keeping other variables constant in this equation, increase or decrease in the level of investment affects economic growth in the same direction and hence socioeconomic development.Read full story

Wall Street finally turning on Amazon as Bezos magic fades

Published on October 26, Inc's once fairy-tale ride on Wall Street has hit its most jarring bump yet. The company that for years enthralled investors with improbable growth and earned one of the technology sector's highest valuations drew widespread ire after a spectacular results letdown on Thursday. Amazon missed expectations across the board - on margins, on its net loss and on revenue. An unaccountably poor 7 to 18 percent revenue growth forecast for the typically strongest holiday quarter was the final straw for some.Read full story

Hong Kong's Umbrella Movement gets computer game makeover

Published on October 26, 2014How do you defend yourself against scores of tear gas wielding police while manning the barricades at Hong Kong's protest camps? Unleash the wrath of Chinese deity Guan Yu. That's just one of the options available to players of a new smartphone game which has swiftly become a hit among gamers and protesters in the southern Chinese city. "Yellow Umbrella" has been downloaded more than 40,000 times from Google Play's store since its release on Monday, the game's developers told AFP, although it has yet to receive approval from Apple and is noticeably absent from Google's online store in mainland China. The game puts players on a protester barricade as it is charged by lines of police officers, triad thugs, angry locals and even the city's leader Leung Chun-ying dressed as a wolf.Read full story

Ebbing tide of dollar sales to take euro down

Published on October 26, 2014After days of market mayhem, seemingly calmer conditions prevailing on Monday may prompt foreign exchange traders to question the euro's recent bounce from the $1.2550 level. Traders may conclude that the euro, trading at $1.2760 on Monday, has benefited from an unwinding of stale bets on the dollar, but that rise is not justified by the euro zone's macroeconomic position as compared with the United States.Read full story