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Wednesday, September 24, 2008
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OPINION

INVESTMENT BANKING: How terrible is the US financial crisis?
The patterns of globalisation that have emerged over the past 25 years are marked by three critical characteristics. The first is that capital has free mobility, and can move around the world today in nanoseconds, if need be. Even if that speed ...

AGRICULTURE: Life on an American farm
Rodney Schilling is one of those typical farmers one would encounter in Midwestern US — hard-working, friendly and straightforward. The 53-year-old, fourth-generation agriculturist operates 1,300 acres of land in Okawville, a village ...

EDITORIAL: Chaos on Wall Street
With the last two remaining big investment banks seeking refuge with the US Federal Reserve, Wall Street changes irrevocably after two decades of huge profit-taking. It was only a matter of time before the hurricane that took a toll on the ...

HUMAN RESOURCES: Scarcity of skilled manpower
Never before has humankind witnessed an era in which human obsolescence is an ever present danger. In this situation, true education requires not only being abreast of ongoing knowledge, communications and technology revolutions, but acquiring ...

FOREIGN RELATIONS: Eastern ideology, western clothes
The Prime Minister of Nepal, Mr Pushpa Kamal Dahal ‘Prachanda’, opted to wear the classic ‘suit and tie’ rather than the traditional Gorkha outfit and cap during his recent first official visit to India. This was a ...

NON-CONVENTIONAL ENERGY: The ethanol blending mess
Last year the Cabinet Committee on Economic Affairs (CCEA) had approved 10 per cent blending of petrol with ethanol. Since then, farmers have been waiting anxiously for the month of October 2008. They are hoping that October 2008 will bring ...

LETTERS: Land for biofuels
The editorial “Promoting Biofuels” (Business Line, September 19) stated that at least 2.2 million hectares of land would be required for even a 5 per cent blend and asks “Where is this ...

LETTERS: Make them pay
“Make them pay for meltdown” (Business Line, September 15) rightly observes that the onus of compensating the losses of investors in such entities as Lehman Brothers, Merrill Lynch and AIG vests squarely on ...






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Markets (Sept 23)
Nifty (at close)4126.90(-96.15)
US Dollar (Buy/Sell)45.63/64
Brent crude (a bbl) Rs4,702
Gold (a gram) Rs1,179
Silver (a kg) Rs20,295


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