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Euro blues for the Greenback!

3. Jun 2007 22:10, sonu42


IIPM PUBLICATION   

Subsequent to weak economic figures, the dollar plummeted to a record low against the euro. The euro traded at $1.3680 (April 27, 2007), a level that it never achieved since its inception in the year 1999. According to the recent figures released by the Commerce department of United States, the Gross Domestic Product of US expanded at an annual rate of 1.3 % as compared to a growth rate of 2.5% during the previous quarter, a pace that was the slowest in the past four years. During April 2007, the consumer sentiments in US also plunged to a 7-months low.

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Source : IIPM Editorial, 2007 

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative 

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Independence rules in Holyrood!

9. May 2007 22:11, sonu42


IIPM Best B-School  

With the leadership issue still haunting the Labour Party, a defeat in Scotland will only add to their existing woes. Tony Blair will certainly be blamed for bringing the party to the brink of relinquishing power to the conservatives; the real worry is related to Gordon Brown (Blair’s likely successor), who represents a Scottish Parliamentary seat. In fact, Gordon Brown’s standing in the party is due to 23 members of the present British Cabinet that are related to Scotland in more ways than one (even Blair is born & brought up in Scotland). Any dent in the party’s vote bank in Scottish Parliament Holyrood, is bound to weaken Brown’s chances of taking over the mantle from Blair. With the Tories raising the issue of disproportionate representation of Scottish politician n the Cabinet; matters are likely to get ven worse. 

A victory for SNP, led by Alex Salmond, is sure to aggravate the English- Scottish divide, adding another thorn to the falling British crown. Although one doesn’t foresee an immediate separation between the two nations, political parties will use this issue to their own advantage, further increasing the divide between supporters of the two. 

For Complete IIPM Article, Click on IIPM Article 

Source : IIPM Editorial, 2007 

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative 

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