Outrage about the $165 million in bonuses paid to executives at AIG may just be the tip of the iceberg. There are many more important concerns in the minds of public that have real ramifications for national policy and for those at the highest levels of politics and finance - reports Forbes.

U.S. taxpayers are being “forced” to accept that those people who brought AIG down should now be rewarded with (exponential) bonuses, just because only they can dis-entangle the mess they have …

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Zimbabwe’s central bank has today released the new note into circulation in their attempt to battle hyperinflation…

Zimbabwe’s central bank has today launched a $50billion note into circulation, despite the currency being virtually worthless, as per Money.co.uk reports. According to today’s estimates the $50billion note will trade at $1.25 US dollars on the black market and have enough purchase power to buy just two loaves of bread or three newspapers.

Three weeks previous, when the government introduced a $10billion note, the equivalent …

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Inflation has thankfully started to cool off… Crude oil, metals and minerals and food prices are now headed southwards. These were the key categories fuelling incremental inflation. Many experts believed that the inflation will come down to 6% by end-March 2009. Given the steep fall in inflation, worsening IIP and GDP data, it was expected that RBI will lower repo rate by at least 100 basis points and the reverse repo rate by minimum 50 basis points.

But will banks lower rates adequately and …

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In its half-yearly review of the monetary policy, the Reserve Bank of India has maintained a status quo on the key rates in light of the various monetary easing measures already announced in the past few weeks. Though the central bank has expressed concerns over the slowing economic growth and emphasised the need to maintain financial stability, but the double-digit inflation remains a “critical policy concern” for the RBI.

Policy highlights:

The repo rate and reverse repo rate have been left unchanged …

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