Credit: dan taylor
‘No State shall …..coin money’, says Section 10 of Article 1 of the US Constitution, banning in a simple statement the production of private coinages and ensuring that the existing coins signify true value, perhaps leaving printed notes to signify something more ephemeral.
In many countries local currencies have been accepted practice at times when communities have striven to bolster local trade....
The other day I was talking to a student who graduated in August from my school. He is in OPT for almost 75 days now. He is trying his best to find a job but with an economic recession he is not even getting interview calls. He was so sad and telling me “since I have some good friends I am surviving. I don’t have any money to spend nor any work”. I found him very low in confidence and cursing the luck for his inability to...
In the last part we saw why the banks were rather reckless in their lending, why certain investment banks started failing and why all this got AIG into trouble. We also saw what CDSs were and how banks made money from mortgages. Continuing from the point where Lehman Brothers failed:
The Government now refused to lend a helping hand to the ailing ibank and dismissing the case as a one off case of reckless Wall Street decisions....
I had this problem with originality and I am sure many of you also have this problem. I have an aversion to duplicate ideas. We look for originality everywhere. But we dont have to be original to be successful. Microsoft has proved it, Director Priyadarshan has proved it and every other “copy cat” business has proved it.