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.
Disastrous trade deficit of Japan quadrupled in March with export growth slowing down and energy exports surging high. The weak Japanese currency was also a driving force and contributed to widen the gap and pushing the cost of imports high.
Three Americans have becomes stars overnight for subduing an armed ‘gunman’ on a high speed train in Northern region of France. The train was travelling from Amsterdam to Paris, when the gunman open fired, which wounded two passengers, before the trio overpowered them. When the Thalys train was crossing Belgium, the attack took place. The […]
