It appears that yet again, once more, Obama-appointee FTC Antitrust Chairwoman Edith Ramirez is asleep at her desk. Previously she was grilled about apparently not doing her job when it came to Google, wherein she was asked to address “contradictions” in testimony she gave to the Senate Judiciary Committee regarding the FTC’s dropping of an antitrust action against Google in 2013 – the requests pointed to a variety of evidence obtained through open government laws that suggested that Ramirez and other FTC officials had unusually close relationships with Google, and that those relationships may have helped the company avoid antitrust action.
This year marks the centenary of the creation of the legendary Trans-Siberian railway of Russia. By an ironic twist of fate, this falls right in the middle of an epochal change in geopolitical and geo-economical scenarios, whose main powers involved are also responding by creating and planning great infrastructure works.
During the last two weeks, Deutsche Bank (DB) the largest German Bank (identical to our State Bank of India) making headlines in financial press because of the downward slide of its share value to the record low. A fall by 65 % in share price that has not only erased more than half of its market value but is likely to lead to a closure of 25% of its branches and loss of job for over 2,000 staff. Financial circles are afraid that DB once a triple-A-rated bank is likely to be the next Lehman Brothers which caused the famous US financial crisis.
The bulls and bears face a continuous tug-of-war as the markets yaw from one side to another. Now-a-days the markets are stable with the continuous instability triggered, sometimes, by the Hurricanes and at times by the increase in inventory levels. The world is also looking forward to 26 September when the top producers of the world meet on the side lines of International Energy Forum in Algiers to decide the future of oil. If from one side the outlook for price seem very strong the fickleness of oil markets do not let one cherish this thought for long.