Skip to main content

Improvement Project of Science Construction CS

Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi...
Post a Comment

Gobal meltdown and aftermath !! 1929 Crash

The devastation of First World War and technological progression both together offered a great opportunity of investments and employments in 1920s. That ushered great optimism in the Wall Street as well. Most of the American participated in stock market speculations and investments. You could buy the stock at a fraction of their prices, called “buying on margin”, the rest borrowing from brokers. Obviously share prices sky rocketed. Again the old rule “what goes up must come down” worked. Unfortunately; what went up struggling for number of days; came down in three days! That was the crash. It was on October the 24th, 1929 famous as “Black Thursday”; a massive sell off took place. The volume of trading was more than triple. The price came tumbling down. This time again Richard Whtney of J.P. Morgan and company tried to rescue the market, he started buying the shares aggressively. The downfall halted for time being. The market looked up on 25th, the Friday. On 26th, the Saturday (then trading use to held on Saturdays as well) the prices went a little down. The market opened on Monday, October 28th, 1929 and fell by 13%, that Monday is remembered as “Black Monday”. Next day, the Tuesday it fell further by 12%, it took the nick name as “Black Tuesday”. Rockefeller family and C. Durant of General Motors stepped in to boost the market, but failed. That week the market incurred heaviest losses to the tune of $30 billion, more than the amount US paid during First World War.
The down slide continued till 1932, the market dropped hooping 89% and it took almost 25 years thereafter, to recover!
So, this followed the Great Depression; that is another story.
Labels:

Comments

Post a Comment

Popular posts from this blog

Luxury Watch

We are so used to our hands or legs that so long they are okay we don’t really realize their value. But when any of them is damaged by some accident; we know how indispensable they are! So the watch we wrap in our wrist or the shoes we wear in our feet. We are equally used to them as if they are as natural as where we fasten them. Imagine the plight when your watch is not ticking or you are walking bare footed. Here we are going to discuss about the watch. In our world we all use watch for common need, which is time. But various watches offer various other features too; like date, temperature or some of them serve as compass as well. They are of various price bands and designs. Amongst them few stand apart. They are designer luxury watch . Using them will put you apart from the crowd. Do you know; when you own a designer luxury watch , you may be only on the earth to own such a watch with such features and design. This itself is a matter of pride. If you gift someone you love w...
6 comments
Read more

Unfriendly Indian TV Channels

  Watching TV serials in the evening; is most favourite pass-time perhaps all over the world. When TV was yet to become household source of entertainment here (India) ; we heard about soap-operas becoming popular;  where Television permeated the drawing rooms. Obviously they were popular in foreign lands. We used to hear of them from various magazines. I still remember Kabir Bedi, becoming popular with Italian TV and audiences. Do you know long before we became familiar with TV; Pakistan had matured TV channels. I remember watching Lahore TV; sitting at UN camps in Indo-Pak border areas. In early 70s of last century; I watched quiz shows produced by Polka Ice-cream and that was quite popular show of Lahore TV. It took decades to present such programs here in India. However during the early days of  Durodarshan; ‘Humlog’  the unending serial ruled the roost for long. Then came a period when Durdharshan produced few best serials like ‘Buniyad’, ‘Tamash’ and many more....
8 comments
Read more

CHITTARANJAN IN 50s

Hi, Everybody, sometime some of you keep me asking about my days and time at Chittaranjan. This is natural, after all there are gaps of decades between most of you and me ! This has prompted me with an idea of writing this to share my old good days with those of you who are interested. Indian Railway under the British colonial rule was another group of companies with different British Managements. Since the different railway networks under all of them were used mutually for their own benefits. At places, different railway companies had the facilities of repairing and maintenance of their locomotives and passenger and goods carriages. To name a few, like Anda, Adra, Howrah, Liluah, Mughal sarai, Jhajha , these are they places I mention since they are quite closed by our loving Chittaranjan. The locomotives were imported from Manchester, England and few from Canada and Australia , all under the Union Jack. A good number of railway operational staffs were anglo Indians,...
8 comments
Read more