Tuesday, September 16, 2008

What's wrong with the world?

Why is everything blowing into pieces?

- Earthquakes in China,
- Typhoons in Far East Asia,
- Hurricanes(one after another) hitting Mexico and other little islands which have no place to evacuate people,
- Delhi blasts (er.. are we supposed to live in fear, should expecting blasts be our second nature?)
Blasts continue in Afghanistan, etc.. troubled area (does anyone ever think about those people dying?!)
- Nightmare on Wall Street as Lehman Brothers files bankruptcy(It has more than $613 billion of debt), Bank of America buys Merill Lynch, AIG looks to get $20 loan, crude below $100; its a blood bath on Monday DOW falling 500 points the same kind of slide that it had witnessed after 9/11 attacks. It is also known to be the worst financial condition since the 1929's Great Depression.
- Europe's market, down by 4% (Britain's FTSE 100 fell 3.92 percent, Germany's DAX index lost 2.74 percent, and France's CAC-40 fell 3.78 percent..)
market cap of domestic stocks owned by Lehman Brothers(LB) and Merrill Lynch(the world's two largest investment banks) was eroded by Rs 20,000 crore. While Merrill Lynch & Co(ML) agreeing to be bought by Bank of America created the world's number one securities brokerage, Indian stocks owned by associates and affiliates of the troubled financial giant saw investor wealth plummet by Rs 17,800 crore
LB holds stock of 30 Indian companies, while ML held stocks of over 140 Indian companies in which its stake in around 84 companies was above 2%
The analysts call it Lehman Tsunami!!
- Metrolink crash in LA,
- Coup in Bolivia,
- Millions without power in Texas,
- Rupee's free fall, while otehr currencies rallying against the dollar,
- HP to cut 24600 jobs
and.. back to China... infant formula contamination(tainted milk powder) has sickened 1253 babies

back home.. local.. Mumbai road caves in killing 3 people, IM sends terror mail targeting Congress.. etc..

The Vettel victory did bring some smiles though, overall its gloom, sad, depression, loss. .in all terms , everywhere.

What's wrong with the world??
Can't we just wake up and say all of that and more was just a bad dream?
no we can't coz worst is not over yet...

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