Many people in the United States of America have now begun to rethink their spending because of the economic slowdown. Some are cutting down on luxuries like eating out. But one activity seems to be holding up rather well. That is their one retreat from the economic gloom.
The money will be put into nine of the biggest banks in the US.
http://www.ibnlive.com/news/us-treasury-to-pump-250-bn-into-banks-buy-shares/75821-7.html
Karthik was an IIT graduate and an MBA from California University.
http://www.ibnlive.com/news/hit-by-us-meltdown-indianorigin-man-kills-family-self/75266-7.html
35-year-old Neel Kashkari will head the key Office of Financial Stability.
http://www.ibnlive.com/news/indian-american-to-oversee-700bn-us-bailout-plan/75211-7.html
Karthik Rajaram was an MBA but was unemployed for some time.
http://www.ibnlive.com/news/us-meltdown-jobless-indianorigin-man-kills-family-self/75210-7.html
Revised bailout plan passed, the Wall Street stocks rallied on expectation.
http://www.ibnlive.com/news/us-congress-passes-revised-700-billion-bailout-plan/74948-2.html
While 74 voted for, 25 voted against the bailout plan in the US Senate.
http://www.ibnlive.com/news/us-senate-passes-700-bn-bailout-plan/74819-2.html
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