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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...

Jyoti Basu.....The Great Son of Bengal

I don't remember the exact date, but probably it was in the month of August 1991. I was attached as a free lancer to a least know weekly “ The Democratic Forum” ; my fancy to give a try to my journalistic flair was the sole motive with that association. My editor, Late Mr M.L. Shah was the person who was encouraging me. That day he came to my office and asked if I was free in the evening. Fortunately I was and asked him back the reason. He said Mr Jyoti Basu would give a press conference at the press club, Kolkata and if I wish I could attend that. It was a pleasant surprise ; so I readily agreed. In the evening Mr, B.L. Shah of “Dainik Rooplekha” , a Hindi daily from the same stable of my weekly, fetched me from my office to the press club. We were early birds, outside the club , on the lawn people were sitting making circles and chatting with each other. I felt a fish out of water, as none knew me and so I. Turning to my companion, I found he was enjoying my discomfort! ...

The Saving and Loan crises in 1989

The “Black Monday” in 1987 was followed in quick succession by two more crises in US economy till the advent of new millennium. The Saving and Loan crises in 1989 and thereafter the Long Term Capital Bailout in 1998; were the two turmoil that rocked the US economy. In US, like banks, savings and loan institutions accept deposits from public and offered mortgage loans to them. They are in the business since 1800s and remained under strict regulation till 1970s. In late 70s, new competitors, Money Market Funds started offering higher interest rate than S&Ls. The S&Ls sought deregulations to offer higher interest rate and more loans from government; what they got. It was something like handing in babies with shot-guns. The 1980s real estate boom saw many S&Ls grew so fast as never before! Their speculative assets grew faster than ever. Loans granted against superficially priced properties brought many S&Ls prospects down, even to dooms! It was due to huge payment defaults...

Global meltdwon in 1987 and there after

After the Wall Street crash in October 1973 due to unprecedented surge in crude oil price; there was lull for little more than a decade. The Wall Street rocked again on October 19th, 1987,the Monday. The US stock market indices, the DOW Jones Industrial Average lost 508 points. That means on a single day the stocks lost 22.6% of their values! This day was also termed as another “ Black Monday ”. Two of the potential culprits behind this crash were identified. One was, as the gift technology; the program trading and other a new financial hedging method called portfolio insurance. Both of them together caused the sharp fall of stock prices for massive sell offs. Of course there other factors like US trade deficit, weakening of dollar and overvaluation of stock values played its roll with investor’s sentiments. But in a single day, a fall that sharp could never take place unless the traders used computers for stock trading. Program trading is that when a trader can book order to sell or b...