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Video: Mexican Telecom Mogul Tops Forbes Rich List

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Carlos Slim HeluVideo (1min 57sec) Forbes Billionaire List: Mexican telecom mogul Carlos Slim Helu has edged Bill Gates out of the new top spot on the Forbes billionaire list.

Edging out Bill Gates by a mere five hundred million dollars, Carlos Slim Helu, It's the first time a non-US billionaire has been at the top of the list since 1994.

Forbes Billionaire List Editor Luisa Kroll: "Last year we saw a very down and out year. And this year we see a huge come-back. It very much mirrors what's going on in the global economy.

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Video: Financial Crisis Returns Karl Marx to Fashion

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Karl Marx

Video (1min 42sec): Financial Crisis Returns Karl Marx to Fashion.

This is how Karl Marx predicted, "Bank greed will self destruct. With adequate profit, capital is very bold. Twenty percent will produce eagerness. Three hundred percent and not a risk it won't run, even to the chance of its owner being hanged."

The world's leading Marxist scholar has exposed passages by Karl Marx that predict the global financial crash and its outcome.

Giorgy Bagaturiya claims the world is now shifting to China's economic model.

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Yoga Piracy: India Shows Who's The Guru

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Yoga Asana

Yoga Piracy: India Shows Who's The Guru by Kounteya Sinha, NEW DELHI:

 

India is going all out to save yoga — a 2,000-year-old art of righteous living, from western pirates.

Instances of self-styled yoga gurus claiming copyrights to ancient ‘asanas', especially from the West, is now becoming rampant. This has made 200 scientists and researchers from the Council of Scientific and Industrial Research (CSIR) and Union health ministry's department of Ayush join hands to put on record all known yoga postures and techniques that originated in India.

 

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World Bank Warns of Great Depression II

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1930's Depression

World Bank Warns of Great Depression II.

The world could go through its worst recession since the Great Depression as a massive financial crisis has slashed global investment and sharp drops in commodity prices severely hurt poor-country exports, the World Bank warned on Tuesday.

The global development bank slashed its previous estimates for global growth to 2.5 per cent in 2008 and 0.9 per cent in 2009, well below the 3 per cent rate typically considered the dividing line between global growth and contraction.

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The World’s Factory is Cutting Shifts

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China - The World’s Factory is Cutting Shifts

Check this out - From India: The World Bank has recently projected that China’s till-now white-hot economy will grow at 7.5 per cent this year, its slowest rate of growth since 1990.

This is not surprising, since the ‘Chinese economic miracle’ was based on the export- and investment-led model. Now that US consumers have discovered the perils of living beyond their means — mostly with borrowed funds — there is naturally less demand for made-in-China goods.

 

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