Home foreclosures in the United States touched record levels in the first half of 2009 despite several federal aid plans to rescue the housing industry, said an industry report on Thursday. Filings for home foreclosures in the first six months of the current year peaked to 1.9 million on more than 1.5 million properties...
Japan is a land of myriad tourist attractions ranging from its ancient historical monuments to modern shrines and natural splendors. One of the most visited historical sites in Japan is the Himeji Castle which attracts thousands of travelers from the country and across the world. The Himeji Castle is an archetypal palace complex built...
Democrat legislators in the US announced the introduction of a new health bill on Tuesday that would make healthcare a right and obligation for all Americans while most of its financial burden would be borne by employers, medical providers and the richest. Under the new healthcare program, every individual for the first time and...
Goldman Sachs injected a vein of adrenalin down the Wall Street when it announced on Tuesday that it had posted the biggest ever quarterly profit and would offer suitable compensation to its workers. The $3.44 billion profit posted by Goldman Sachs in the second quarter is the highest ever quarterly profit achieved by the...
US President Obama unveiled a $12 billion plan on Tuesday to give a boost to the nation’s community colleges which he believes can play a significant role in cutting down unemployment and revive the ailing economy. While speaking at the Macomb Community College in Warren, Michigan President Obama announced an investment of $12 billion...
While the American state of Texas is mainly known for its industrial marvels, there are also many places which preserve the history of bygone times. One such attraction is the Brownsville Heritage Complex which includes the Stillman House Museum and many other treasures of nineteenth century living. The history of the city of Brownsville...
The US Treasury Department said that budget deficit incurred by the government ballooned to $94.32 billion in June this year as the cost of stimulus plans piled up while revenues remained stagnant. Data from the Treasury Department revealed that in June this year the government budget gap had widened to $94.32 billion, a record...
The United States federal government has committed another $884 million to develop vaccines against the H1N1 virus, according to an announcement made by the Health and Human Services department on Monday. In a statement the HHS department also said that The funds will be made available to GlaxoSmithKline, Novartis, Sanofi Aventis and AstraZeneca unit...
Former high profile lawyer from New York, Marc S. Dreier was sentenced to 20 years of imprisonment by a US court on Monday for his role in masterminding a $700 billion financial fraud scheme. Federal prosecutors had charged Dreier with orchestrating an elaborate fraud that stole around $400 million from investors and more from...
India has been since the ancient times a land of mind-boggling diversity especially when it comes to its royal clans. While the northwestern desert state of Rajasthan is better known as the land of royal families, the state of Gujarat slightly down south also possesses a rich heritage of palatial architecture. One of the...
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