So fudging accounts is cooking the book. These corporate scams one after another -- Bernard Madoff and now Mr Ramalingam Raju -- are doing good to my vocabs, I thought, when I saw this expression all over the papers and news reports. How do these corporate big wigs manage to siphon off billions of dollars/rupees? And then manage to keep the fact hidden for years till one fine day when they decide they've had enough of luxury, blow the lid and say, "Sorry I cooked the book". The financial world is an exciting world, somebody once told me.
Recession, corporate cons, job losses, bankruptcy, bailouts... I feel we are touching new nadirs. At work, outside, conversations veer round cost cutting, lay offs and whether the annual increments are happening. I am sick of talking about recession. It's like following the US election results: McCain, Sarah Pallin or Obama? We need a mental therapy. My advice to all is: go do your shopping as much as you can, that ways the money will keep rolling and the economy won't be too bad. People have stopped shopping and that is why the economy is bad. That's my layman theory!
Everything about the economy is puzzling these days. First the oil prices reach new highs, then they plumb to all time lows. And when they do go down, the oil workers go on strike. And cars join a marathon queue to fill gas as if there was no tomorrow just because someone flashes the news that petrol pumps are drying up. My boss said at such times, filling the cars with petrol and selling them would be more profitable. But as soon as cars have tanked up, the oil workers call of their strike because the government cracks down on them. There is no predictability and consistency in economics.
I do feel anxious when I wake up. I wonder what will grab the headlines next.
Recession, corporate cons, job losses, bankruptcy, bailouts... I feel we are touching new nadirs. At work, outside, conversations veer round cost cutting, lay offs and whether the annual increments are happening. I am sick of talking about recession. It's like following the US election results: McCain, Sarah Pallin or Obama? We need a mental therapy. My advice to all is: go do your shopping as much as you can, that ways the money will keep rolling and the economy won't be too bad. People have stopped shopping and that is why the economy is bad. That's my layman theory!
Everything about the economy is puzzling these days. First the oil prices reach new highs, then they plumb to all time lows. And when they do go down, the oil workers go on strike. And cars join a marathon queue to fill gas as if there was no tomorrow just because someone flashes the news that petrol pumps are drying up. My boss said at such times, filling the cars with petrol and selling them would be more profitable. But as soon as cars have tanked up, the oil workers call of their strike because the government cracks down on them. There is no predictability and consistency in economics.
I do feel anxious when I wake up. I wonder what will grab the headlines next.
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