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...
The surging food prices is a great matter of concern with most of us. I remember US President Barack Obama once commented that prosperity in Indian and Chinese economy caused food price inflation in US market; as they are consuming more and more. Lots of hue and cry were raised to oppose that and justifiably he was criticized for such comment. Indian and China can boast of hosting world's greatest chunk of population but their per capita cereal or food consumption is no match with that of per capita US consumption. Leave apart per capita cereal consumption per year; if we see per capita cereal availability to Indians till 2008-09 was only 165kg and this remained more or less same since 2001. During the same period per capita cereal availability in China was 290kg per year and in US it was more that 1000kg! Source suggests it has further plummeted in India as of now. So, for the surge of food price increase in consumption level is no reason. Our Prime Minister...