European Union expanding with admitting Croatia

In July 2013, Croatia is celebrating its entry into the European Union (EU). It will be the 28th EU member and the third poorest country in the EU after Bulgaria and Romania. It will also be the EU expansion since 2007 when it last admitted Bulgaria and Romania. Croatia became an independent country in 1991 […]

Will there be a new Federal Reserve Chief next year?

After serving as the Chairman of the President George W. Bush’s Council of Economic Advisers, Ben Shalom Bernanke became the Chairman of the United States Federal Reserve on February 1, 2006 replacing four-term Fed Chair Alan Greenspan who served for four Presidents. Before joining the Feds, Bernanke was a tenured professor and the Chair of […]

What will the future holds for 3D printing?

More than 30-years old but hardly used by the masses, 3D printing technology dominated the Internet as well as news media recently due to a group known as Defense Distributed publishing a blue print online to make a gun. According to the news media and the Internet, one person even fired a shot using a […]

Some actions ahead of the “Fiscal Cliff”

By now we all have heard about the looming “Fiscal Cliff”.  If President Obama and the Congress failed to act, a series of serious budget provisions including tax increases and spending cuts will go into effect as of January 1, 2013.  The Bush era tax cuts will expire and every one’s tax rates will go […]

Troubles for Hewlett-Packard continues

The Palo Alto, California based hardware giant Hewlett-Packard (HP) just announced that it is taking an $8.8 billion accounting write-off for the acquisition of British software giant Autonomy they bought in the summer of 2011 for $10.3 billion.  Due to the size of the acquisition two lawyers and several financial institutions assisted HP to make […]