Peak of Erudition

The US stock market and also all other global markets have crashed by anything between 4% to 10% in the last three trading sessions, thanks to the new proposal by Obama to cut down the banking risks in US.
The new restrictions are expected to cut down the risk taking ability of deposit taking banks in US which in turn can cut down the overall venture capital and hedging trades.
The flow of cheap money from US into other markets are also expected to come down in the coming months, as there are signs of early interest rate hikes by US. Also the loss of the long held democratic seat by Obama to the rival Republicans at the beginning of this week only added to the downturn.

A private company has issued seven stamps on Hindu gods and goddess. The stamps have sparked controversy whether they are postal stamps or not. The company claims that the stamps are valid US postage stamps.

The Hindu deities’ stamps however don’t have any official US postal service. Many stamps carrying images of Krishna, shiva, parvathi, sai baba ,murugan, lord venkateshwara, vinaya and laksmi are found. The stamps are welcomed by Hindu organizations but the debate continues whether the stamps are real postage.

The valid postage stamps are issued by Atlanta based company USA-postage.com.The Company also allows the favorite digital images put on the US postage. This is the first time exclusive designs found in US postage. The price of each stamp is 4 cents and commemorative sheet price is at$18.99.The debate still continues online on websites like boardreader.com.

The fifteen big companies in banking, insurance and automobile sector which have received billions of dollars of aid money in the last two years, have been asked to revamp the pay structure for the top management. The Pay czar has ordered the pay cuts few days back, and this is expected to force many star performers out of these ailing organizations.
That may in turn make life more difficult for these companies in the days to come, as the US FED starts withdrawing the monetary easing.

North Korea has once again gone for a series of testing of short range missiles in the past few days. The North Korean military is said to have tested at least five short range missiles which are capable of hitting the heart of Seoul , the capital of South Korea.
The missile tests have been condemned on a strong note by Russia and US, while South Korea is deliberately avoiding a strong protest. The talks between North Korea and six other nations on nuclear and other security issues are scheduled in the next few days.

The US secretary of state has said that a militant attack on Pakistan’s army HQ is evidence of an increasing threat against the authority of the state.

Speaking in London, Mrs Clinton said that despite the attack, the US had confidence in Pakistan’s control over its nuclear weapons.

The attack, which began on Saturday and turned into a siege, ended hours ago after hostages were released.

Correspondents say the attack is highly embarrassing for Pakistan’s leaders.

“Yesterday was another reminder that extremists … are increasingly threatening the authority of the state,” Mrs Clinton said.

The North Korean regime wants to get into negotiation with the six nations group soon, and it wants to start direct negotiations with the United States as a prelude to that. The returning of North Korea to the negotiation table has been urged by the strong ally of North Korea i.e, China.
The Chinese Premier was on a three day official visit to the military state of North Korea and has assured North Korea of full Chinese support on all issues in the future. The United States also could find it better to start direct negotiations with North Korea and resolve the nuclear proliferation issue sooner and bring peace to the entire region.

One of the most discussed topics among friends and enemies, day in and day out, is politics. Even when you go on a long travel, you will make temporary friends with co-passengers and most of the times politics will be the discussing point.
And now www.arguewitheveryone.com has created a online political forum discussion, which will help people to discuss about anything and everything relating to politics. Being a website on the internet, it will be easy for you to read through the lovely and varying views of hundreds of people from across the globe on every issue.

US President Barack Obama has strongly condemned the “unjust actions” of Iran in clamping down on election protests. Iran has accused United Nations chief Ban Ki-moon of “meddling” after he called on Iran to respect the “will of its people”. Iranian foreign minister Hassan Ghashghavi criticised him for listening to “domineering” Western powers.

Obama has reacted to this. Obama said it was “patently false” to suggest the West was fomenting unrest in Iran. He said: “The United States and the international community have been appalled and outraged by the threats, beatings, and imprisonments of the last few days. “I strongly condemn these unjust actions, and I join with the American people in mourning each and every innocent life that is lost.”

While the US President Barack Obama says he is “deeply troubled” by violence in Iran following last week’s disputed presidential elections, he studiously avoided making any comments on the vote fraud issue.

Obama called on Iran’s leaders to respect free speech and the democratic process, and said he would continue pursuing tough dialogue with Iran. His comments came after hundreds of thousands defied a government ban and attended an opposition rally in Tehran.

“I think that the democratic process, free speech, the ability for folks to peacefully dissent, all those are universal values and need to be respected.”

For the first time ever, european union has recognized the hezbollah movement as official. Though it is seen as a terrorist outfit by the US, a senior EU official has for the first time held talks with a politician from the Lebanese Hezbollah movement. European Union foreign policy chief Javier Solana met Hezbollah official Hussein Hajj Hassan at the Lebanese parliament building in Beirut. Mr Hajj Hassan is one of Hezbollah’s 11 members of parliament, following recent elections which were won by a rival Western-backed alliance.

The EU has previously rejected public contacts with Hezbollah, which also controls Lebanon’s most powerful military force.