<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Calcuttans.Com &#187; News</title>
	<atom:link href="http://calcuttans.com/category/news/feed/" rel="self" type="application/rss+xml" />
	<link>http://calcuttans.com</link>
	<description>Social Network for Calcutta Folks</description>
	<lastBuildDate>Thu, 15 Dec 2011 21:14:55 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.2.1</generator>
		<item>
		<title>Snake charmers protest ban on use of live snakes</title>
		<link>http://calcuttans.com/snake-charmers-protest-ban-on-use-of-live-snakes/400/</link>
		<comments>http://calcuttans.com/snake-charmers-protest-ban-on-use-of-live-snakes/400/#comments</comments>
		<pubDate>Thu, 19 Feb 2009 05:13:44 +0000</pubDate>
		<dc:creator>Ankan Basu</dc:creator>
				<category><![CDATA[India]]></category>
		<category><![CDATA[Snake Charmer]]></category>

		<guid isPermaLink="false">http://calcuttans.com/?p=400</guid>
		<description><![CDATA[Nearly 1,000 snake charmers held a protest in eastern India Tuesday, playing their flutes as they marched through the streets demanding the right to perform with live snakes. (Feb. 17)]]></description>
			<content:encoded><![CDATA[<p><strong>Snake charmers protest ban on use of live snakes</strong></p>
<p>Nearly 1,000 snake charmers held a protest in eastern India Tuesday, playing their flutes as they marched through the streets demanding the right to perform with live snakes. (Feb. 17)<strong>. Watch the video below.</strong></p>
<p><strong></p>
<div id="attachment_401" class="wp-caption alignnone" style="width: 365px"><strong><a href="http://calcuttans.com/wp-content/uploads/2009/02/snake-charmer.jpg"><img class="size-full wp-image-401" title="Snake Charmer in India" src="http://calcuttans.com/wp-content/uploads/2009/02/snake-charmer.jpg" alt="Snake Charmer in India" width="355" height="218" /></a></strong><p class="wp-caption-text">Snake Charmer in India</p></div>
<p></strong><br />
<script type="text/javascript" src="http://www.thenewsroom.com/mash/swf/voxant_player.js?a=V3634436&#038;m=785220&#038;w=420&#038;h=375&#038;v=2"></script></p>
]]></content:encoded>
			<wfw:commentRss>http://calcuttans.com/snake-charmers-protest-ban-on-use-of-live-snakes/400/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Israel Gaza Conflict</title>
		<link>http://calcuttans.com/israel-gaza-conflict/356/</link>
		<comments>http://calcuttans.com/israel-gaza-conflict/356/#comments</comments>
		<pubDate>Mon, 26 Jan 2009 03:47:55 +0000</pubDate>
		<dc:creator>Ankan Basu</dc:creator>
				<category><![CDATA[International]]></category>
		<category><![CDATA[Gaza]]></category>
		<category><![CDATA[Israel]]></category>

		<guid isPermaLink="false">http://calcuttans.com/?p=356</guid>
		<description><![CDATA[Calls to investigate Israel over alleged war crimes in Gaza prompts Prime Minister Ehud Olmert to promise state protection to his troops. The United Nations has said that Israel's use of white phosphorus munitions - which can cause extreme burns- in built-up areas of the Gaza Strip was indiscriminate and therefore constituted a war crime.]]></description>
			<content:encoded><![CDATA[<p>Calls to investigate Israel over alleged war crimes in Gaza prompts Prime Minister Ehud Olmert to promise state protection to his troops. The United Nations has said that Israel&#8217;s use of white phosphorus munitions &#8211; which can cause extreme burns- in built-up areas of the Gaza Strip was indiscriminate and therefore constituted a war crime.</p>
<p><strong>Watch the Exclusive Video:</strong><br />
<script type="text/javascript" src="http://www.thenewsroom.com/mash/swf/voxant_player.js?a=V3616978&#038;m=763217&#038;w=420&#038;h=375&#038;v=2"></script></p>
]]></content:encoded>
			<wfw:commentRss>http://calcuttans.com/israel-gaza-conflict/356/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mohammedan Sporting Club</title>
		<link>http://calcuttans.com/mohammedan-sporting-club/347/</link>
		<comments>http://calcuttans.com/mohammedan-sporting-club/347/#comments</comments>
		<pubDate>Tue, 13 Jan 2009 13:56:08 +0000</pubDate>
		<dc:creator>Ankan Basu</dc:creator>
				<category><![CDATA[Sports]]></category>
		<category><![CDATA[Kolkata]]></category>
		<category><![CDATA[Mohammedan Sporting Club]]></category>

		<guid isPermaLink="false">http://calcuttans.com/?p=347</guid>
		<description><![CDATA[Mohammedan Sporting Club, founded in 1891 at Kolkata, is one of the oldest and leading football clubs in India. The club currently plays in the first division of I-League and premier division of CFL. Mohammedan Sporting is one of the most popular football clubs in India with a support base in all parts of the country.]]></description>
			<content:encoded><![CDATA[<p>Mohammedan Sporting Club, founded in 1891 at Kolkata, is one of the oldest and leading football clubs in India. The club currently plays in the first division of I-League and premier division of CFL. Mohammedan Sporting is one of the most popular football clubs in India with a support base in all parts of the country.</p>
<div id="attachment_348" class="wp-caption alignnone" style="width: 160px"><a href="http://calcuttans.com/wp-content/uploads/2009/01/mohammedan-sporting-club.png"><img class="size-full wp-image-348" title="mohammedan-sporting-club" src="http://calcuttans.com/wp-content/uploads/2009/01/mohammedan-sporting-club.png" alt="mohammedan-sporting-club" width="150" height="150" /></a><p class="wp-caption-text">mohammedan-sporting-club</p></div>
<div class="wp-caption alignnone" style="width: 922px"><img title="Mohammedan Sporting Club" src="http://lh4.ggpht.com/_lEcJg1kPzDI/SEXazCEOFbI/AAAAAAAABVM/dsn5sK800_A/s912/TeamMSC001.jpg" alt="Mohammedan Sporting Club" width="912" height="503" /><p class="wp-caption-text">Mohammedan Sporting Club</p></div>
<p><span class="gphoto-photocaption-caption">MSC, The First Indian Team to Gain League Honours in 1934 . (Standing From Left) Rahaman, Sattar, Masum, Habib(Senior), Aamir, Habib(Junior), Jaffer, Sabu, Mohiuddin. (On sit) Sheikh, Abdul Samad, Khurshid Anwar, Rashid , Rahamat. (On Ground) Jumma Khan, Siraj, and Abbas.</span></p>
<p><span class="gphoto-photocaption-caption">An exclusive collection of Mohammdan sporting club pictures are available in picasa:</span></p>
<p><span class="gphoto-photocaption-caption">http://picasaweb.google.com/ziaur2k/MohammedanSportingClub02#<br />
</span></p>
]]></content:encoded>
			<wfw:commentRss>http://calcuttans.com/mohammedan-sporting-club/347/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Dr Ranadhir Mitra &#8211; Exclusive Interview</title>
		<link>http://calcuttans.com/dr-ranadhir-mitra-exclusive-interview/342/</link>
		<comments>http://calcuttans.com/dr-ranadhir-mitra-exclusive-interview/342/#comments</comments>
		<pubDate>Sun, 11 Jan 2009 02:07:19 +0000</pubDate>
		<dc:creator>Ankan Basu</dc:creator>
				<category><![CDATA[Featured NRI]]></category>
		<category><![CDATA[Interview]]></category>
		<category><![CDATA[Ranadhir Mitra]]></category>

		<guid isPermaLink="false">http://calcuttans.com/?p=342</guid>
		<description><![CDATA[Exclusive interview with Dr Ranadhir Mitra. Dr Ranadhir Mitra is one of such personalities of yester year and here is our modest attempt to portray his thoughts and ideas as he sits in the present century and looks back at the fond memories of his days in the USA.]]></description>
			<content:encoded><![CDATA[<p><big><span style="font-family: Times New Roman; font-size: x-small;"><big><strong>Introduction: </strong> At the Calcuttans.Com, it is our pioneer gesture to present unique individual    achievements and goals by people who hail from India dwelling presently    in the USA. We believe each individual we speak to is unique and each    has his own story to tell. Be is mundane or be it vivacious; their lives    are always a chiaroscuro of events. They have struggled their way to    the zenith and are now enjoying the fruits of their labor. Such people    make us proud and they inspire us in our own journey of survival. Living    in a foreign country is difficult. The rat race, the competition and    the struggle all can strike you down and demolish and annihilate your    dreams. But we salute those who have successfully survived this battle.    Dr Ranadhir Mitra is one of such personalities of yester year and here    is our modest attempt to portray his thoughts and ideas as he sits in    the present century and looks back at the fond memories of his days    in the USA.</big></span></big></p>
<p><span style="font-family: Times New Roman; font-size: x-small;">
<a href='http://calcuttans.com/dr-ranadhir-mitra-exclusive-interview/342/dr-mitra/' title='dr-mitra'><img src="http://calcuttans.com/wp-content/uploads/2009/01/dr-mitra.jpg" class="attachment-thumbnail" alt="dr-mitra" title="dr-mitra" /></a>
<a href='http://calcuttans.com/dr-ranadhir-mitra-exclusive-interview/342/dr-mitra1/' title='Dr. Mitra'><img src="http://calcuttans.com/wp-content/uploads/2009/01/dr-mitra1.jpg" class="attachment-thumbnail" alt="Dr. Mitra" title="Dr. Mitra" /></a>
<a href='http://calcuttans.com/dr-ranadhir-mitra-exclusive-interview/342/dr-mitra2/' title='Dr. Mitra'><img width="150" height="150" src="http://calcuttans.com/wp-content/uploads/2009/01/dr-mitra2-150x150.jpg" class="attachment-thumbnail" alt="Dr. Mitra" title="Dr. Mitra" /></a>
<br />
</span></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big><strong><span style="text-decoration: underline;">Q1.    Dr. Mitra when did you come to America? </span></strong></big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big>Ans: Well,    that&#8217;s a long story; I disembarked at this country on 12<sup>th</sup> September 1964.</big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big><strong><span style="text-decoration: underline;">2 Since    then you have been living in Columbia for so many years? </span></strong></big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big>Ans: yes, I    have been staying here in Columbia since then. I think 44 years have    passed by since I first came to this place.</big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big><strong><span style="text-decoration: underline;">3. Then    Columbia must be a very dear place to you? </span></strong></big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big>Ans: Yes, I    liked the place and decided to settle here.</big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big><strong><span style="text-decoration: underline;">4. I    heard that you came here as a Researcher or a graduate student. Tell    us something about your experiences as a student back then. </span></strong></big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big>Ans: Well I    came here as a student rather than a researcher. As for my experiences    as a student. The 1960&#8242;s was the era of Hippie culture in the USA. Having    high school education with emphasis in English during the British era    in India speaking in English was never a problem for me. That gave me    the opportunity to mix freely with Americans of the time who were also    highly interested in learning International traditions and culture and    I on my turn, spoke out freely.</big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big><strong><span style="text-decoration: underline;">5. Now,    after so many years having passed by,  when you look at the present scenario     when a lot of International students are coming to this country for    higher education how to you see their perspective, their way of thinking    being different from the conventional American manner of thinking and    viewing situations? Tell us a few words about the difference between    them and the people who disembarked at this country back in your time. </span></strong></big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big>Ans: I think    there is a marked difference in views and manners of thinking between    us and the International students coming to this country now a day(s).    There is a great disparity between us and their points of view, their    values (and) manner of speaking are different from ours. I feel it is    the modern trend of the<span style="text-decoration: line-through;">ir</span> ever-changing society    that makes them so different from what we were back in our time. When    we came here, though most of us never went back to India yet, we never    bade adieu to our traditions. Still now we are well aware of our country    and we think of her (with deep emotion). The International students    I see around in most cases, rear a demeaning attitude towards their    country. Their way of thinking reflects their lackadaisical spirit for    India. As if all that is bad happens in India. Even if that is not always    the case, they perceive it in such a manner in despair. There is also    a difference in their attitude and their values too. It is now a &#8220;Me&#8221;    generation. People give more importance to what is happening to their    own selves than to the society as a whole.</big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big><strong><span style="text-decoration: underline;">6. For    all these years you have been involved with a gamut of different public    services. Not only you are a part of (the) University of Missouri, Columbia;    you have (also) been an active participant in many social and community    services as well. Tell us something about your experiences as a community    worker and your present commitments as a social worker. </span></strong></big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big>Ans: Well,    there are a number of student organizations and student government activities    at this University. Currently I am chairman of the Student Organizations    and Government Activities – a committee that oversees more than 500    student organizations at MU.  Our Cultural Association of India    celebrated its 50<sup>th</sup> birthday, in 2007, it happens to be the    oldest student organization at this University and I am serving as an    advisor to it since 1994. Then there is the Vedic Society which I spearheaded    to create in 2002 where I am pretty involved as well. These activities    keep me busy most of the time. Also I have served as a Community Development    Commissioner – one of the six – in the City Government of Columbia.     Then I did some works in preserving our countries culture and heritage    too. Well. I shouldn&#8217;t say our country in this respect; because different    states in India bear a different culture so a &#8220;typical Indian culture&#8221;    is hard to define. We started celebrating Saraswati puja in 1990 &#8211; a    Hindu festivity around an &#8220;icon&#8221; for the first time ever in    Columbia&#8217;s history.  The first Saraswati puja was held in my house    in 1990. The venue was shifted to larger rented hall 2 years later and    the tradition has been going on since then. After that, some of my friends    and I then decided to start a temple. The effort took more than ten    years to take root, though unsuccessful in the beginning we did not    give up. Three years back, we managed to buy a small church to start    the temple in Columbia.</big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big><strong><span style="text-decoration: underline;">7. So,    this is the Hindu Temple of Columbia and this temple is the open to    all. It is not restricted to any particular sect or group of believers. </span></strong></big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big>Ans; Yes, the    temple is called the Hindu Temple and Community Center of Columbia,    Missouri and I have been the  President of the Board of Trustees    since starting this Temple in 2005. The doors of the temple are open    to all irrespective of their culture or sect. People from different    spectrum of society come and worship and participate in cultural and    social activities as they please. There is just one restriction; people    are not allowed to have non-vegetarian foods, like meat fish or eggs    in the temple. </big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big><strong><span style="text-decoration: underline;">8. Dr.    Mitra till now we have dealt and talked about your social endeavors.    Let us now talk about your research work. You have been a professor    as well as a researcher. Tell us something about your research work.</span></strong></big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big>Ans: Well,    I did <span style="text-decoration: line-through;">my</span> research for my Doctorate of Philosophy,    Ph.D degree. My research work dealt with Growth Hormone (GH). The effect    of Growth Hormone in hotter climate, the augmentative or diminutive    effect of Growth Hormone. Why people and animals hailing from hotter    climatic conditions like that of Punjab tend to be robust and big in    structure compared to people and animals hailing from milder climatic    conditions like that of Bengal. I was always inquisitive about this    phenomenon. While doing my research in Growth Hormone I developed a    special immunologic technique to measure Growth Hormone using radio-isotope.    And, I was the first person in my university to develop this method.    The technique I developed earned me  a faculty position in Pathology. </big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big><strong><span style="text-decoration: underline;">9. So    you earned your Doctorate degree for your research in this field. </span></strong></big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big>Ans: Yes, the    research I did on growth Hormone earned me my Ph.D degree. But the technique    I developed earned me recognition in clinical Pathology. Presently,    I am dealing with introduction of different clinical laboratory services    and techniques for early detection of various ailments through blood    tests and other processes. My job responsibility mostly is in Pathology    laboratory services for patient care and teaching Resident-Doctors to    prepare for their Pathology Board Certification Exams. </big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big><strong><span style="text-decoration: underline;">10. Having    been a non-resident Indian and living abroad for so many years; when    you look back at your country, India. How does India appeal to you?    What would you like to say in a few words or advise about the present    situation in India?</span></strong></big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big>Ans: India    seems to be heading to hell, morally. To tell you the truth, the familial    ties, the values that we reared in our hearts during our freedom movement    (of which my family and I were a part) are nowhere to be found now.    Those values are long gone. All that is left is a stale opposition of    those values. While working in India after independence, I came face    to face with this disparity and that was a shocker to me. Then, you    can say, I ran away. Now, when I look back and see the corruption in    the political system, the moral degradation, the money-politics and    undue complication in the governmental system, I am saddened.     The politicians there are trying to sell our country to foreign powers.    They are vociferous about foreign investment but they tend to forget    that<span style="text-decoration: line-through;">,</span> when any foreign country is investing    in another country, it is draining away the profit-money to the investor-country    and that helps neither the people nor the recipient-country; it acts    as the detriment to the recipient-country&#8217;s infrastructure but the politicians    in India don&#8217;t realize that. We have the people-power, the intellect,    education and capability to succeed as the Indian Diaspora all over    the world have shown. Why, then do we have to cadge for foreign help    in developing our own country? </big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big><strong><span style="text-decoration: underline;">11. So,    you think that this realization has not dawned upon people in India. </span></strong></big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big>Ans: Yes. It    is very saddening that they – most of the educated people I have talked    to &#8211; do not realize that.</big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big><strong><span style="text-decoration: underline;">12. Dr.    Mitra did your wife come with you when you came to the USA?</span></strong></big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big>Ans: No. I    came here alone. I left my wife, Roma, and my two children in the hands    of my brothers and sisters in India. I had a joint family. After eight    years of my stay in USA, my wife and children came and joined me in    this country. So for eight years I stayed alone in this country as a    graduate student, then I became a Post-doctoral fellow and saved some    money and then I returned to India and brought my family here.</big></span></big></p>
<p align="justify"><big><span style="font-family: Times New Roman; font-size: x-small;"><big><strong>Dr. Mitra    it has been a pleasure talking to you. We learnt a lot of different    things from you. We yearn to learn more about your ideas and feeling,    about your family and your experiences as a freedom fighter. We hope    to get back to you soon with all these questions. Thank you so much    for your time.</strong></big></span></big></p>
<p><big><span style="font-family: Times New Roman; color: #0070c0; font-size: x-small;"><big>Interview    Translated to English by Barnali S. Banerjee / Interview and Video courtesy:     Mita Das and Ujjal Sarkar</big></span><br />
</big></p>
]]></content:encoded>
			<wfw:commentRss>http://calcuttans.com/dr-ranadhir-mitra-exclusive-interview/342/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Cyclone hits Russia</title>
		<link>http://calcuttans.com/cyclone-hits-russia/339/</link>
		<comments>http://calcuttans.com/cyclone-hits-russia/339/#comments</comments>
		<pubDate>Mon, 22 Dec 2008 22:18:55 +0000</pubDate>
		<dc:creator>Ankan Basu</dc:creator>
				<category><![CDATA[International]]></category>
		<category><![CDATA[Cyclone]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[Weather]]></category>

		<guid isPermaLink="false">http://calcuttans.com/?p=339</guid>
		<description><![CDATA[
A cyclone across Russia's Kamchatka peninsula on Friday (December 19) brought heavy rains and snowfall to the region's central city Petropavlovsk-Kamchatsky. Watch out the exclusive video coverage.]]></description>
			<content:encoded><![CDATA[<p><span style="font-weight: bold; text-decoration: underline;">Cyclone hits Russia</span><br />
<div id="attachment_340" class="wp-caption alignnone" style="width: 367px"><a href="http://calcuttans.com/wp-content/uploads/2008/12/cyclone.jpg"><img src="http://calcuttans.com/wp-content/uploads/2008/12/cyclone.jpg" alt="Cyclone" title="Cyclone" width="357" height="258" class="size-full wp-image-340" /></a><p class="wp-caption-text">Cyclone</p></div><br />
A cyclone across Russia&#8217;s Kamchatka peninsula on Friday (December 19) brought heavy rains and snowfall to the region&#8217;s central city Petropavlovsk-Kamchatsky. Watch out the exclusive video coverage.</p>
<p><script type='text/javascript' src='http://www.thenewsroom.com/mash/swf/voxant_player.js?a=V3203268&#038;m=734954&#038;w=420&#038;h=375'></script> </p>
]]></content:encoded>
			<wfw:commentRss>http://calcuttans.com/cyclone-hits-russia/339/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Disaster at Wall Street and Our Future</title>
		<link>http://calcuttans.com/disaster-at-wall-street-and-our-future/335/</link>
		<comments>http://calcuttans.com/disaster-at-wall-street-and-our-future/335/#comments</comments>
		<pubDate>Mon, 22 Dec 2008 22:04:54 +0000</pubDate>
		<dc:creator>Ankan Basu</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://calcuttans.com/?p=335</guid>
		<description><![CDATA[We all are in a very deep economic condition all over the world. The United States, often considered being the wealthiest and prosperous country in this world, is also facing severe economic depression in 2008. The economy in the United States started to become worse slowly for last few years. ]]></description>
			<content:encoded><![CDATA[<div style="text-align: justify;"><big style="font-weight: bold;">Disaster at Wall Street and Our Future</big></p>
<p>We all are in a very deep economic condition all over the world. The United States, often considered being the wealthiest and prosperous country in this world, is also facing severe economic depression in 2008. The economy in the United States started to become worse slowly for last few years. The economic situation became traumatic during and after the presidential election in the USA. The &#8220;economic agenda&#8221; was one of the greatest winning factors for <span style="font-weight: bold;">Barrack Obama</span>. However, the economic condition in USA does not seems to improve very much even after a month from the election. The three big auto industries in USA &#8211; the <span style="font-weight: bold;">Ford</span>, the <span style="font-weight: bold;">GM</span> and the<span style="font-weight: bold;"> Chrysler</span> are broke. They are asking the government to help. This is called &#8220;bailing out&#8221;. There is a big controversy about the <span style="font-weight: bold;">&#8220;auto bail out</span>&#8221; in USA as it will be peoples&#8217; tax money that will be used to buy those auto companies.</div>
<div style="text-align: justify;">
<div id="attachment_336" class="wp-caption alignnone" style="width: 310px"><a href="http://calcuttans.com/wp-content/uploads/2008/12/economy.jpg"><img class="size-full wp-image-336" title="Economy" src="http://calcuttans.com/wp-content/uploads/2008/12/economy.jpg" alt="Economy" width="300" height="114" /></a><p class="wp-caption-text">Economy</p></div>
<p>The <span style="font-weight: bold;">401K</span> plan savings has dropped more than 44% for many people over last one year period. So, if you had 100 dollars in your account in January, you have 66 dollars in December, 2008. Now think about the millionaires and billionaires. If they had 100,000 dollars in their 401K plan just 12 months back, they now have 66000 dollars today (possible). Many would say that with improvement of economic condition, most of the people would get back their money. Well, that may be true for young folks who have time to wait for a better economic time. But what about older people who are about to retire? The unemployment rate was highest in November in USA and there is no sign for a quick improvement.</p>
<p>The economy of one country is now well connected to the economy of other countries. If a small bank in a very small country may fail, it could potentially impact some other banks in far distant countries. So we talk about &#8220;global economy&#8221; all the time. The inflation is also alarmingly high for many countries, for example England &#8211; 4%, India &#8211; 11% and so on. Chances of no job creation are minimal. The credit market is frozen!</p>
<p>In September, the USA company Lehman Brothers went bankrupt which shattered the Wall Street. With wrinkle effect, the share market for many other countries like Japan, India, England has dropped alarmingly. Various countries are trying to solve the economic depression in various ways. &#8220;Short sale&#8221; of shares is now banned in England.</p>
<p>Lehman Brothers Holdings Inc. was a global financial-services firm active prior to its bankruptcy and sale in 2008. The firm did business in investment banking, equity and fixed-income sales, research and trading, investment management, private equity, and private banking. On September 15, 2008, the firm filed for Chapter 11 bankruptcy protection; the filing marked the largest bankruptcy in U.S. history. Immediately following the bankruptcy filing, an already unstable market began an uncontrollable tailspin. What was resulted was what many have called the “Perfect Storm” of economic distress factors, from Wall Street layoffs to a spike in durvexity, and eventually led a $700B bailout package (Troubled Asset Relief Program) prepared by Henry Paulson, Secretary of the Treasury, and approved by Congress. (<a href="http://en.wikipedia.org/wiki/Lehman_Brothers" target="_blank">Reference</a>)</p>
<p>&#8220;Short Sale&#8221; is a known culptrit for such ecomonic diasester which can potentially decides the value of a share and change it overnight! A short sale occurs when the proceeds of a real estate sale fall short of the balance owed on the property. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank&#8217;s Loss mitigation department. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender, sometimes (but not always) in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale. Most Short Sales leave a deficiency balance for which the Mortgagor / Borrower is still liable. In 99% of all cases it is not a settlement-in-full. A deficiency balance will remain while the mortgage broker, real estate agent / broker, loan officers, title and closing agents retain their profit. No regulatory agency governs this hybrid transaction. (<a href="http://en.wikipedia.org/wiki/Short_sale_%28real_estate%29" target="_blank">Reference</a>).</p>
<p><span style="font-weight: bold; text-decoration: underline;">Lehman Bros. bankrupt, B of A buys Merrill Lynch watch the exclusive video</span><br />
<script type="text/javascript" src="http://www.thenewsroom.com/mash/swf/voxant_player.js?a=V3078837&#038;m=734948&#038;w=420&#038;h=375&#038;v=2"></script><br />
<br style="font-weight: bold; font-style: italic;" /><span style="font-weight: bold; font-style: italic;"> So, what is the answer to out economic trouble? When will the economy be back to normal?</span><br />
We don&#8217;t know the answer yer. Many thinks it will be better soon but no sign of quick recovery can be seen at present. We all think that the economic situation will get better but sure it will take some time.</div>
]]></content:encoded>
			<wfw:commentRss>http://calcuttans.com/disaster-at-wall-street-and-our-future/335/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Birnbaum on Washington</title>
		<link>http://calcuttans.com/birnbaum-on-washington/332/</link>
		<comments>http://calcuttans.com/birnbaum-on-washington/332/#comments</comments>
		<pubDate>Sat, 20 Dec 2008 18:26:41 +0000</pubDate>
		<dc:creator>Ankan Basu</dc:creator>
				<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://calcuttans.com/?p=332</guid>
		<description><![CDATA[Jeff Birnbaum discusses the Bush Administration's approval of a $17.4 billion bailout of the auto industry.]]></description>
			<content:encoded><![CDATA[<p><strong>Jeff Birnbaum discusses the Bush Administration&#8217;s approval of a $17.4 billion bailout of the auto industry.</strong></p>
<div id="attachment_333" class="wp-caption alignnone" style="width: 355px"><a href="http://calcuttans.com/wp-content/uploads/2008/12/birnbaum.jpg"><img class="size-full wp-image-333" title="Birnbaum" src="http://calcuttans.com/wp-content/uploads/2008/12/birnbaum.jpg" alt="Birnbaum" width="345" height="222" /></a><p class="wp-caption-text">Birnbaum</p></div>
]]></content:encoded>
			<wfw:commentRss>http://calcuttans.com/birnbaum-on-washington/332/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Obama names four to senior posts</title>
		<link>http://calcuttans.com/obama-names-four-to-senior-posts/327/</link>
		<comments>http://calcuttans.com/obama-names-four-to-senior-posts/327/#comments</comments>
		<pubDate>Sat, 20 Dec 2008 18:22:39 +0000</pubDate>
		<dc:creator>Ankan Basu</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Obama]]></category>

		<guid isPermaLink="false">http://calcuttans.com/?p=327</guid>
		<description><![CDATA[Swiftly completing his Cabinet, President-elect Barack Obama named four officials to oversee transportation, labor, trade and small business policy in his new administration but warned that economic recovery may take years. (Dec. 19)
]]></description>
			<content:encoded><![CDATA[<p>Swiftly completing his Cabinet, President-elect Barack Obama named four officials to oversee transportation, labor, trade and small business policy in his new administration but warned that economic recovery may take years. (Dec. 19)</p>
<p><div id="attachment_328" class="wp-caption alignnone" style="width: 360px"><a href="http://calcuttans.com/wp-content/uploads/2008/12/obama.jpg"><img class="size-full wp-image-328" title="Omaba" src="http://calcuttans.com/wp-content/uploads/2008/12/obama.jpg" alt="Omaba" width="350" height="263" /></a><p class="wp-caption-text">Omaba</p></div><br />
<script type="text/javascript" src="http://www.thenewsroom.com/mash/swf/voxant_player.js?a=V3587655&#038;m=733237&#038;w=420&#038;h=375&#038;v=2"></script></p>
]]></content:encoded>
			<wfw:commentRss>http://calcuttans.com/obama-names-four-to-senior-posts/327/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bush offers $17.4B to automakers</title>
		<link>http://calcuttans.com/bush-offers-174b-to-automakers/323/</link>
		<comments>http://calcuttans.com/bush-offers-174b-to-automakers/323/#comments</comments>
		<pubDate>Sat, 20 Dec 2008 18:17:38 +0000</pubDate>
		<dc:creator>Ankan Basu</dc:creator>
				<category><![CDATA[Business]]></category>

		<guid isPermaLink="false">http://calcuttans.com/?p=323</guid>
		<description><![CDATA[Bush offers $17.4B to automakers. Watch out the exclusive video.]]></description>
			<content:encoded><![CDATA[<p><strong>Bush offers $17.4B to automakers. Watch out the exclusive video.<br />
</strong><br />
<div id="attachment_324" class="wp-caption alignnone" style="width: 371px"><a href="http://calcuttans.com/wp-content/uploads/2008/12/bail-out.jpg"><img src="http://calcuttans.com/wp-content/uploads/2008/12/bail-out.jpg" alt="bail-out" title="bail-out" width="361" height="265" class="size-full wp-image-324" /></a><p class="wp-caption-text">bail-out</p></div><br />
<script type="text/javascript" src="http://www.thenewsroom.com/mash/swf/voxant_player.js?a=V3587639&#038;m=733234&#038;w=420&#038;h=375&#038;v=2"></script></p>
]]></content:encoded>
			<wfw:commentRss>http://calcuttans.com/bush-offers-174b-to-automakers/323/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Leander Pase</title>
		<link>http://calcuttans.com/leander-pase/317/</link>
		<comments>http://calcuttans.com/leander-pase/317/#comments</comments>
		<pubDate>Thu, 11 Dec 2008 21:14:51 +0000</pubDate>
		<dc:creator>Ankan Basu</dc:creator>
				<category><![CDATA[Sports]]></category>
		<category><![CDATA[Leander Pase]]></category>

		<guid isPermaLink="false">http://calcuttans.com/?p=317</guid>
		<description><![CDATA[When even Sourav decides to retire from cricket, Leander pase is still shining with his racket! He believes fitness is the most important thing in sports. ]]></description>
			<content:encoded><![CDATA[<div style="text-align: justify; font-family: Trebuchet MS;"><span style="font-weight: bold;">Leander Pase</span></p>
<p>When even Sourav decides to retire from cricket, Leander pase is still shining with his racket! He believes fitness is the most important thing in sports. If you are 100% fit even at 35, they why would you not play? Leander Pase is someone who can win his eighth glamsam (US open, mixed glamsam  champion). He has always been hard working in his life. In a country like India, where enything other than cricket is hardly considered to be &#8220;sports&#8221;, he established the importance of Tennis.</p></div>
<div style="text-align: justify; font-family: Trebuchet MS;">
<p>We wish an even longer career for the superstar.</p></div>
]]></content:encoded>
			<wfw:commentRss>http://calcuttans.com/leander-pase/317/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

