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 […]
Month: December 2013
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 […]