G-20 Summit changing clout of India and China

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G-20 Summit changing clout of India and China.

Frusty's Law: Beggars become choosers. It was not long ago that India and China were directed by the developed world on how to open up their markets and grow. Now the roles have reversed in the recently concluded G-20 summit it is India and China who are asking the Biggies not to revert back to old protectionist view.

The story in words for those who cannot see the picture:

Till a couple of years back the developed countries were ruling the world economy. The tables have turned and these days, the BRIC nations are calling the shots in terms of defining the policies for the world.

Frusty's Double Whammy: Obama's Federal Aid

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Frusty's double Whammy

The world leaders like Obama are in a precarious situation. On one hand the recesssion is taking a toll on the common man but any bailout package may have adverse effect on fiscal defecit and disturb the economic balances. The common man its like the choice between the devil and deep sea. The burden of any economic support has to be out of the taxes paid by the citizens.

The Story in Words for those who cannot see th picture:

The US government is giving aids to organization who are spending millions for the bonus of senior officials. No wonder the tax paid by the people are going towards unproductive spending.