Today one of the most elite and prestigious trains of India Rajdhani Express was held hostage for almost 5 hours. Some 200 people who surrounded the train and abducted the driver were no terrorists but yet they did manage to spread word of terror. The abducted driver was later released and Central Reserve Police Force [...]

There is a new breed of dissidents in China today as the country ‘tolerates a safer wave of protests’ 20 years after the Tiananmen Square massacre. The ordinary Chinese are much more critical of human rights now and some of them have been keen to defend such rights. 
On June 3 and 4, 1989, a military [...]

Reaganomics refers to the economic policies that marked the presidency of Ronald Reagan who became US president during ‘stagflation,’ a period known for high inflation and unemployment. The four cornerstones of Reaganomics, a set of policies and economic view, are: reduction in the growth of government spending, reduction in marginal tax rates on income from [...]

There are indicators of socioeconomic well-being, and all these are materially measured. They may all contribute positively to a person’s comfort, convenience, mobility, freedom, and further opportunity in life. On the other hand, these material manifestations are not distributed equally in society. That is why if these provide advantage to one person who has more [...]

When income does not go to savings, it generally ends up in the realm of consumption. The principle of consumption rests on the concept of disposable income. When one has more income to spend, he has the bigger opportunity to consume.
Consumption is rather attractive and tempting, at times. In a free world, there really is [...]

Adolf Merckle owns Phoenix Pharmahandel, a drugs wholesaler with annual sales of 21bn euros; Heidelberg Cement with annual sales of 11bn euros; Ratiopharm, a generic drugs firm with annual sales of 1.8bn euros; Kaessbohrer ski slope equipment firm with annual sales of 183m euros; and VEM engine makers with annual sales of 280m euros. The [...]