Crude oil prices went up by around two dollars to around 125 dollars yesterday, due to militant attack in Nigeria disrupting supplies, and also due to reports that Iran is going full speed with its nuclear program. The Iran issue is set to come up for discussion in the UN forum this week and experts feel that the confrontation between Iran and US is expected to flare up in weeks to come. And this is expected to have a big impact on the oil prices.
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There are always two sides to a coin. In any situation you can always tell a lie or revealing the truth. Most of the times being truthful paints you in a bad picture or puts in you delicate situation with respect to others. But being truthful helps you and also the other parties involved in the long term. For example, when you are truthful and have put your friend in a problem, after some time, when he becomes rational, your friend will be able to appreciate you for being truthful even though your were tough on him. Also psychologically being truthful helps you to be cool and calm because you are not doing anything against your inner heart i.e, conscience. So be truthful always. it pays.
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France is finally catching up with the West in terms of working hours for its workforce. French President Sarkozy is pushing to keep the value of work, by reducing the leisure time . In 2007 French worked for an average 1561 hours versus 1794 hours put in by fellow Americans. The gap is likely to be brought down further in coming years , aimed at improving the competitiveness of the French economy.
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The US foreclosure filings in the second quarter of this year more than doubled from a year earlier figure, which clearly indicates that the housing mortgage crisis is far from over. Almost 7.4 lac properties were in some stage of foreclosure, the highest figure since the tracking was started in January 2005. This is expected to exert more downward pressure on housing prices for months to come , opine experts.
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The congress party lead Indian Government scraped through the confidence voting in their Parliament this week, with lot of fighting and behind the screen scams reported widely among the media. The congress party which became minority government, with the supporting left parties withdrawing support two weeks back, did a tremendous job in cobbling up the support of many interested smaller parties and Members of parliament to win the confidence vote.