Finally, the curtain has been drawn. The Egyptian President Hosni Mubarak has resigned. In an official statement, Vice President Sulaiman said that Mubarak has relieved himself from the post of Presidency and has handed over power to the military. He has asked the military to run the country.
The Cyclone Nilam managed to take the life of almost 25 people as per latest news from Visakhapatnam. This devastating flood completely swept away the coastal areas of the state of Andhra Pradesh.
Growing fears on recession clouds hovering over United States of America has raised an alarm. Due to the expiration of Bush Tax cuts and spending cuts under Budget Control Act of 2011, alternate minimum tax reversion, and extension on social security payroll tax cut of 2% are the factors contributing to fiscal cliff.
