Palash Ghosh

5071-5100 (out of 7238)

Palash has worked as a business journalist for 21 years in New York.

Our writers adhere to IBT's Editorial Guidelines.

S&P Downgrades U.S. Debt: How Canada Survived Similar Fate

Consider the case of Canada, which lost its top-notch rating in April 1993 ? it took the country nine long, hard years to regain the coveted rating after enacting serious debt and deficit reductions.

Aug 06, 2011

S&P Downgrade of U.S. ?Vindicates? UK Budget Cuts

The U.K. maintains a pristine AAA credit rating (which allows it to borrow money on international money markets pretty cheaply),

Aug 06, 2011

U.S. President Barack Obama signs the Budget Control Act of 2011 in the Oval Office at the White House in Washington

S&P Downgrade Not ?Complete Disaster?: Economist

Perhaps the downgrade was not too much of a surprise.

Aug 06, 2011

Thursday?s Market Plunge Was Historic, After All

The 4.78 percent plunge suffered by the S&P 500 index was its worst one-day drop since February 2009 and one of the worst losses (on a percentage basis) of the past 80 years.

Aug 05, 2011

Pakistani Man Murders Six Daughters in Honor Killing

Reportedly, Mubashir?s wife, Musarrat, who witnessed the murders, had called the police.

Aug 05, 2011

The aftermath of the bombing of Hiroshima

Were Hiroshima and Nagasaki Racist Acts?

The attacks ? the only time nuclear weapons have ever been used in world history to date ? killed tens of thousands of people and shocked the planet with the scale of their destruction.

Aug 05, 2011

A trader looks on as he works on the floor of the New York Stock Exchange

Stocks Resume Plunge, Despite Good Jobs Report

Traders appear to be focusing on the European debt crisis, which is reaching emergency levels.

Aug 05, 2011

A weather satellite image obtained from the National Oceanic and Atmospheric Administration shows Typhoon Muifa near Okinawa at 1130 GMT

Severe Typhoon Approaching China?s Eastern Coast

Parts of China?s eastern coast have been placed on alert as severe typhoon Muifa approaches the Zhejiang and Jiangsu provinces, close to Shanghai.

Aug 05, 2011

Youth Opportunity (YO!) Academy student Samira Gardner, 20, in a street outside the Westside Youth Opportunity Community Center in Baltimore

Joblessness Among Young Americans Remains Staggeringly High

16.6 percent of Americans between the ages of 18 to 24 are unemployed

Aug 05, 2011

Pedestrians are reflected in the window of a branch of the Royal Bank of Scotland in London

RBS to Cut 2,000 Jobs After Posting Huge First-Half Loss

The company?s shares fell by as much as 14 percent in London trading at one point

Aug 05, 2011

A man's reflection is seen on an electronic stock quotation board outside a brokerage in Tokyo

Asian, European Stocks Sell-Off Following U.S. Rout Thursday

Overseas stocks are plunging following the devastating sell-off in the U.S. Thursday, ahead of a crucial July jobs report out of Washington.

Aug 05, 2011

Traders work on the floor of the New York Stock Exchange in New York

Stocks Hammered Ahead of Friday?s Jobs Report

?The damage this week is more than last week ? translation, more damage from economic fears than debt fears.?

Aug 04, 2011

Trader on floor of New York Stock Exchange

Dow Plunges More Than 500 Points as Fear Escalates

U.S. stocks plummeted Thursday, following a similarly huge sell-off in Europe, on growing fears that the global economy is sinking into a recession, ahead of worries about tomorrow?s July jobs report.

Aug 04, 2011

NASA Finds Possible Signs of Water on Mars

The latest findings suggest signs of water in lower latitudes of Mars. Previously, it was known that water (in the form of ice) existed at the poles of the planet.

Aug 04, 2011

Close-up View of Craters in South Equatorial Region

NASA Discovers Possible Signs of Water on Mars

At one Martian crater, McEwen said, about a thousand ?water flows? were identified.

Aug 04, 2011

Traders work on the floor of the New York Stock Exchange

Stocks Plunge As Fear Ensnares Investors

The U.S. sell-off follows even greater declines in Europe.

Aug 04, 2011

Bubba Smith and Jose Namath in Super Bowl III

Bubba Smith Always Alleged ?69 Super Bowl Was Fixed

After a spectacular MVP season in 1968, Morall performed poorly in the Super Bowl ? among other things, he threw three interceptions.

Aug 04, 2011

Video grab of a tank along a street in Hama

Dozens die, thousands flee Syrian tank assault in Hama

Thousands of civilians were fleeing the city, a bastion of protest surrounded by a ring of steel of troops with tanks and heavy weapons

Aug 04, 2011

Bangladesh Outraged by Economist Article Alleging Indian Financial Help Put Awami League in Power

Minister Dipu Moni accused The Economist of waging a ?smear campaign? against the Dhaka government.

Aug 04, 2011

India's Congress Party chief Sonia Gandhi speaks during a conference on autism in Dhaka.

Sonia Gandhi to Have Surgery Abroad for Undisclosed Condition

It is not known where she has gone for surgery

Aug 04, 2011

Residents sit at the malecon as Tropical Storm Emily arrives to Santo Domingo

Haiti Braces for Tropical Storm Emily

According to reports, more than 600,000 homeless Haitians ? driven out of their residences by last year?s devastating earthquake -- are in makeshift camps ahead of Emily?s arrival.

Aug 04, 2011

French Court to Probe IMF Chief Lagarde on Abuse of Authority

The development comes only one month after she took over as IMF boss, succeeding Dominique Strauss-Kahn, who was forced to resign in wake of his sexual assault trial in New York City.

Aug 04, 2011

File photo shows Japan's national soccer team player Naoki Matsuda

Japanese Soccer Star Naoki Matsuda Dies at 34

Fans and teammates flocked to the hospital in Matsumoto, a town about 110 miles northwest of Tokyo, to pay tribute to the fallen star.

Aug 04, 2011

Violent crime in the US is on a long-term decline

Why is Violent Crime in the U.S. on a Long-Term Decline? (Part 2)

Experts are baffled by the declines in violent crimes in the U.S.

Aug 03, 2011

Why is Violent Crime in the U.S. on a Long-Term Decline? (Part 1)

Violent crime in the United States has been falling across the board for at least the past five or six years.

Aug 03, 2011

People walk past the entrance to HSBC headquarters in Hong Kong

HSBC to Hire 15,000 People in Emerging Markets Over Next 3 Years

The move is a part of the bank?s comprehensive plan to refocus its operations in profitable areas and away from stagnating business lines in the developed world.

Aug 03, 2011

At 50, Obama Still 20 Years Older Than World?s Youngest Leader

Jigme Khesar Namgyel Wangchuck, aged 31, is the king of Bhutan, a tiny kingdom in the Himalayas. He was born February 21, 1980 (when Obama was already in college).

Aug 03, 2011

Senator David Norris arrives at the Convention Centre during the visit of Queen Elizabeth in Dublin

Gay Irish Presidential Candidate Quits Over Ex-Lover?s Rape Scandal

Norris, who as recently as last week was leading popularity polls, came under enormous pressure to extinguish his bid for the presidency.

Aug 03, 2011

U.S. Layoffs Reach 16-Month High in July

Corporations unveiled 66,414 planned job cuts last month, up a sharp 60.3 percent from 41,432 in June.

Aug 03, 2011

U.S. Debt Crisis: America Far too Similar to Ancient Rome?

The financial problems in Rome in the early part of the third century AD stemmed from a military that was getting too large and expensive (one of the pitfalls of carving a huge empire that became too unwieldy.

Aug 03, 2011