Worlds Most Expensive Precious Metal Rhodium Surges Amid Emissions Clampdown

The price of rhodium, a precious metal that strips pollutants out of exhaust fumes, is surging as car manufacturers in Asia and Europe scramble to abide by stricter emission regimes. Supplies of rhodium are limited because the metal is mined as a byproduct of platinum, palladium and gold, while demand is rising as regulators restrict…

The crap hits the roof – Citigroup

Merrill Lynch, UBS and now Citigroup. Years of lending money without the necessary precaution has lead to this day. The American economy is already in recession though no one wants to spell it out. Will it drag the world economy down or will the Asian dragon (China), Elephant (India) and the tigers (Korea, SE Asia)…

Vikram Pandit is Citigroup CEO

Picture source: Rediff Indira Nooyi at Pepsico and now Vikram Pandit at Citigroup. Slowly but surely, Indians are climbing up the management ladder in some of the most fiercest job environment in the world. Earlier there were rumors of probable job cuts in Citigroup. Some estimates are at 10% of the workforce. Bad times for…