Archive for September, 2008

Don’t panic in this troubled financial turmoil,

Your accounts are insured up to $100,000 per person by FDIC (Federal Deposit Insurance Corporation), Federal deposit insurance protects the first $100,000 of deposits that are payable in the United States.

But, Never keep more than $100,000, including interest, in any FDIC insured account. (Note: For some retirement accounts, the limit vary ..check your bank)

You should check the FDIC’s online database of to check about your bank participation in this program.  You can search for an institution by going to Bank Find formerly “Is My Bank Insured?”.

Link - FDIC’s online database of FDIC-insured institutions

The Wall Street Crash of 1929 was the most devastating stock market crash in the history of the United States.

The initial crash occurred on Black Thursday (October 24, 1929), but it was the catastrophic downturn of Black Monday and Tuesday (October 28 and 29, 1929) that precipitated widespread panic and the onset of unprecedented and long-lasting consequences for the United States. The collapse continued for a month .

Image - The front page of the Oct. 30, 1929 New York Times

1929 - The stock market crash ushered in the Great Depression.

The crash followed a speculative boom that had taken hold in the late 1920s, which had led hundreds of thousands of Americans to invest heavily in the stock market, a significant number even borrowing money to buy more stock.

[ reference - wiki , Image via NYT ]

China became only the 3 rd nation, behind the United States and the formerSoviet Union (Russia) who had sent people into space, though astronauts from other countries have joined the missions.

The space walk received live television coverage, and the man who performed the feat, Colonel Zhai Zhigang, radioed these calming words to President Hu Jintao and the Chinese people once he had finished his mission.

The Shenzhou-7 that carried the three taikonauts blasted off Thursday evening and flew 68 hours in space which included the 20-minute spacewalk on Saturday.

[Image courtesy /For more images - xinhuanet ]

All India Management Association (AIMA) is a group- a body to pool management thoughts in the country, a forum to develop a national managerial ethos, an orgnisation to facilitate the furtherance of the management profession in the country.

MAT Results Is Available at the following link to get the Get your Scores

Here is the Announced Management Aptitude Test (MAT) Results .