Did the Average American Create the Housing Mess?

On Friday, September 19, the top news story was the massive “bailout” plan proposed by the Treasury Secretary, Henry Paulson. Every Television Anchor wanted to know on air who was responsible for this mess. Every politician from the liberal left to the conservative right bemoaned the terrible burden the plan imposes on the Average American. The message is…

Continue reading →

Why do we watch CNBC? How do we “safely” watch CNBC?

To say that the last week in the US markets was extraordinary seems so lame. But we cannot think of a simpler and more succinct word to describe it.   What a week it was! Monday brought the bankruptcy of Lehman Brothers, the fourth largest Investment Bank and the arranged marriage between Merrill Lynch, the symbol for America’s…

Continue reading →

President Bush and India – His Vision, His Accomplishments and His Legacy

Today, the reality of India as a major economy is accepted and India’s potential as a global economic power is being understood. Even critics of India, like the liberal Australian Prime Minister, have remarked that this realization was a key reason for the approval of the India exception by the 45-nation Nuclear Suppliers Group.The world looked…

Continue reading →

CNBC Management, Listen to Erin Burnett – Let Jim Cramer & Rick Santelli Train CNBC Anchors

On July 23, 2008, Erin Burnett of CNBC hosted a debate on “Job Training: U.S. vs. India” with Vivek Wadhwa, author of “How the Disciple Became the Guru,” and Ron Hira, outsourcing expert and professor at Rochester Institute of Technology (http://www.cnbc.com/id/15840232?video=801673069&play=1). In this debate, Vivek Wadhwa lauded the training given by Indian Companies to their…

Continue reading →

Welcome Aboard Jim Cramer (& Rick Santelli)

In our article on August 2, 2008 – “Jim Cramer on Ben Bernanke – Fair in August 2007 and Unfair in August 2008”, we asked for a smackdown between CNBC’s Rick Santelli and Jim Cramer. (http://www.cinemarasik.com/2008/08/01/jim-cramer-on-ben-bernanke—fair-in-august-2007-and-unfair-in-august-2008.aspx).We withdraw this request.  Both Jim Cramer and Rick Santelli came together on Friday, September 5, 2008 and suggested that…

Continue reading →