The week gone by saw Anna Hazare's fast in Delhi hog the media limelight. The studio kept track of this and other important developments… continuing weakness in the market, an iconic CEO hanging up his boots, an impending regime change in Libya and many more. Here's some of the buzz:

Aditi : Anna Hazare's indefinite fast to press for the passage of the Jan Lokpal bill has tied up the government in knots. Acceding to the demands could mean undermining itself and the Parliament; not agreeing means precipitating an already precarious situation.

Vikram : The Hazare hazard has the government caught between a rock and a hard place. Hopefully, its latest move of bringing a resolution in Parliament and having a voice vote should help break the impasse. But whichever way this finally ends, the government today seems weaker than ever.

Aditi : The weakness epidemic seems to permeate the air these days. See how our markets capitulated again this week? What seemed like a promising start fizzled out quickly and the Sensex finally closed 293 points lower.

Vikram : Many stocks fell to their 52-week lows. Gravity seemed to leave very few sectors untouched as RIL, ICICI Bank, United Spirits, Jet Airways, Tata Steel all felt the downward pull. I wonder when the pain will end.

Aditi : Tough call this, but if global cues are any indication, things don't look good. Germany, so far considered a strong economy in shaky Europe, is said to be coming under stress.

Vikram : Adding to the blues is Moody's downgrade of the Japanese economy this week. But did you notice how this news hardly created a flutter compared to the brouhaha, which ensued when S&P cut the rating of the US a few weeks back?

Aditi : I suppose when the world's sole superpower is antagonised, a lot of noise and fury can be expected. Wonder whether S&P President Deven Sharma's decision to step down by the year end is a fallout of the giant being rubbed the wrong way.

Vikram : Talking of change-of-guard, tech icon Steve Jobs' decision to resign as CEO of Apple was met with sadness. Jobs has been widely hailed as being among the most effective chief executives for transforming Apple's fortunes with cutting-edge products. His successor, Tim Cook, has big boots to fill.

Aditi : You bet! With Apple now ‘Jobless', analysts are wondering how Apple will ‘Cook'. Meanwhile, in another important change in the making, rebels in Libya, after months of strife, have almost overthrown the regime of Muammar Gaddafi.

Vikram : If peace returns to this important oil-producing country, it could have a significant effect in cooling down crude oil prices. This could ease some of Prime Minister Manmohan Singh's worries, at least on the economic front. He has candidly admitted that under present circumstances, achieving 9 per cent growth in the 12{+t}{+h} plan may be a stiff challenge.

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