Regional
The victim had been identified as Ramia Das. She was immediately rushed to the Gauhati Medical College and Hospital (GMCH) for treatment.
Digital Desk: A woman was electrocuted near the under-construction
In a tweet, Lloyd Blankfein, Senior Chairman of Goldman Sachs Group, said, "Dial back a bit the negativity on the economic outlook." If I'm managing a big company, I'm prepping for the worst. But the economy is starting from a strong place, with more jobs than takers, and is adjusting to higher rates. riskier times, but may yet land softly. "
Digital Desk:
color:#0E101A">Tesla CEO Elon Musk last week said the electric carmaker needs
to cut staff by around 10 percent. He has a "super bad feeling" about
the economy, and the remark sparked a global debate on the likely recession.
Some are saying if the world's largest EV company warns on jobs and the
economy, investors should reconsider their forecasts on margins and earnings
growth, while others are saying "we are going to navigate through without
a recession."
color:#0E101A">What Analysts Have to Say
color:#0E101A">In a research note, Morgan Stanley analyst Adam Jonas said,
"Tesla's not your average canary in the coal mine." Instead, it's
more like a whale in a lithium mine. "If the world's largest EV company
warns on jobs and the economy, investors should reconsider their margins and
top-line growth forecasts," he added.
color:#0E101A">Moody's Analytics Chief Economist Mark Zandi says that the US
Federal Reserve can pull it off. I still think we're going to navigate through
this without a recession. But it will be very, very tight because the risks are
very high. "
color:#0E101A">
color:#0E101A">In a tweet, Lloyd Blankfein, Senior Chairman of Goldman Sachs
Group, said, "Dial back a bit the negativity on the economic
outlook." If I'm managing a big company, I'm prepping for the worst. But
the economy is starting from a strong place, with more jobs than takers, and is
adjusting to higher rates. riskier times, but may yet land softly. "
color:#0E101A">Megan Greene, the chief global economist at the Kroll Institute,
said recession concerns are premature. Consumers, the bulwark of the economy,
still have a lot of financial firepowers built up from earlier in the pandemic,
when they were cooped up at home and showered with stimulus checks from the
federal government, according to a Bloomberg report.
color:#0E101A">According to Deutsche Bank AG economist Peter Hooper, the Fed
may need to raise short-term interest rates as high as 5% to control inflation.
That would be the highest since 2007 and well above the Fed's current 0.75
percent to 1 percent target range.
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color:#0E101A">US President Joe Biden said, "Let me tell you that while
Elon Musk is talking about that (cutting jobs and a bleak economy), Ford is
increasing their investment overwhelmingly."
color:#0E101A">"The former Chrysler corporation, Stellantis, is also
making similar investments in electric vehicles." So, you know, lots of
luck on his trip to the moon, "he said.
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The 2008-09 Recession
color:#0E101A"> The US experienced an economic downturn from 2007 to 2009
after the bursting of the US housing bubble, which turned into the global
financial crisis. The effects of the recession were felt throughout the globe.
In 2009, global trade declined 11 percent, and India's exports plummeted 16
percent. As a result, in India, rating agencies have revised growth projections
downwards.
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