Good news for all the basketball fans as Michael Jordan the legend of basketball, who guided Chicago bulls for six titles, the player of 1992 US Olympic dream team has been selected for basketball’s hall of fame with his other team mates David Robinson and John Stockton. Nick named ‘Air’ Jordan is one of the most famous player around the world. He played for Chicago Bulls and Washington Wizard and ended his 15 year career with 32,292 points. His comeback in 1994 before retiring again in 1998 won 3 more titles for Chicago Bulls. He praised saying, the world wouldn’t have got a player like this without his college coach David Smith. Hall of Fame to me is like, OK, it’s over and done with” was the reaction of elated Michael Jordan.
Tags: football, games
Recession is the word that people are using nowadays more frequently all over the world. Recession is nothing but decelerate in economy. The condition has gone so worse that even a school going kid is aware of what is happening around in the business world of today. Till this March, around 663,000 Americans have been fired from their job. This is a highest unemployment after 30 years. Previously it was in the early 30’s and 80’s when America was down in economy. It was in 2001 America faced the major recession where nearly 1.7 million people lost their jobs. Economists predicted that more than 10 percent will increase in the unemployment list as it continues to slow down.
IBM Corporation dropped the $7 billion bid to buy SUN Microsystems Inc. this weekend. Though the talks where in their final stages, IBM withdrew the bid as soon as SUN ended their negotiating partnership. But then SUN shares closed at $8.48 per share on last Friday while it was believed that IBM was ready to offer $9.50 per share. If only this proposal was a success, it would have definitely stunned the entire computer industry.
Massive plans to curtail the economic recession are underway in Great Britain. Prime Minister, Mr.Gordon Brown, is planning a meeting with various bank representatives, Bank of England Governor and other top finance ministry officials. The meeting is aimed at discussing the implementation of G-20 summit plans for reviving the global economy, especially with respect to the United Kingdom.
The US Government Treasury Secy, Mr.Geithner has stated that executives of banks needing “exceptional” aid from the Federal government will be ousted. He referred to Fannie Mae and Freddie Mac chief executives who were ousted when the government stepped in to rescue the financial giants from the economic slowdown. The financial aid required for these companies is being reviewed.
Hit hard by the slowdown in print advertising, Boston Globe seems to be facing a slew of financial problems. Negotiations are on between the Globe’s Unions and the New York Times Management. If an agreement is not reached for an outside buyer, it is highly likely that the newspaper will be shut down.
Rise in oil prices was above $53 a barrel on Monday. Investors were watching US corporate reports for signs of economic recovery. Crude oil prices costing $35 a barrel in February, has increased now. It is expected that concerns about the continuing slow economic growth would lead to lower oil prices in the coming year.
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