External Debt is the money owed by both public and private investors to foreign creditors. Many nations like Greece and the United States are facing a trillion/billion dollar crisis. Bailout plans have been issued by the President of the United States to his country and the European Union and IMF respectively to Greece. Let’s take a look at what the following top 10 Developed Countries racked up in external debt in 2010.
1. United States:
External Debt: 13,980,000,000,000 USD
Source: World Factbook
Date: June 30, 2010
Description: The United States has hit a deficit in its spending. On August 2nd, 2011, the United States was at a debt default and would have hit the debt ceiling of $14.3 trillion USD. Obama kept promise and hit a debt deal by August 2nd, 2011 by decreasing spending and by increasing some taxes.
2. European Union:
External Debt: 13,720,000,000,000 USD
Source: World Factbook
Date: June 30, 2010
Description: Under the stability and growth pact, European Union serves to make sure that the debt does not hit 60% of GDP. This means that the debt will not equal to 60% of the total income made by the populace both nationally and internationally.
3. United Kingdom
External Debt: 8,981,000,000,000 USD
Source: World Factbook
Date: June 30, 2010
Description: Just the government debt was between 37-43% of GDP in 2008. The external debt was 400% of GDP the same year. It has the second biggest external debt of all the countries in the G8. According to International Business Times the external debt in 2010 is 3 times the debt of the average American.
4. Germany
External Debt: 4,713,000,000,000 USD
Source: World Factbook
Date: June 30, 2010
Description: A country torn by war and stagnation has had resurgence in the post-cold war era. It rapidly emerged in the world market as a leader in exports. After an unexpected contraction in 2009, Germany is now growing and beginning to eliminate its debt with a 3.9% growth.
5. France:
External Debt: 4,698,000,000,000 USD
Source: World Factbook
Date: June 30, 2010
Description: Having the 5th largest debt, France decided to team up with Portugal in July of 2011. Since hitting a high in 2010, the external debt has gone down 6.43% in 2011. France is working hard to pay off its defaults.
Despite having been in place for years, we still think that the internet is still the greatest innovations of all times and the same applies for 2010. It has enabled different people to share information with one another thus facilitating. As technology advances so does the accessibility of internet technology.
We all talk about the sixth sense that women have and this has been brought into reality with the development of the sixth sense. The device enables you to do so many things that are intangibles for instance taking a photograph by creating a frame with your hands.
Considered one of the greatest innovations to have come from MIT, the blind eye has been developed with a purpose to enable those who are blind to have an opportunity to see again.
Coming in at number four is an innovation that you won’t probably be seeing in the market for a while. Nonetheless, scientists working at the University of Maryland have managed to teleport information from one atom to another. Still at infancy it is expected that this will open doorways to the way people live once the final innovation is rolled out.
Gaming seems to be continually evolving with the introduction of XM25 that. Its creation is purely intended for the US military enabling them to approximate target distance by utilizing laser range finder and pinpoints at the exact point where the bullet ought to hit. However, the innovation is still in its infant stages.
Call of Duty have always been a favorite among the game geeks since the first series. They were voted the best action/shooting game multiple times throughout their franchise.
The Need For Speed Hot Pursuit I and II have been very successful and the recent NFS games proved to be not so successful. Electronic Arts came up with the all new NFS Hot Pursuit III and let me tell you that ITS AWESOME.
Definitely one of the best games of 2010. The predecessor was one of the best multiplayer shooting games ever to be made, rivaling neck on with Call of Duty, Medal Of Honor and Counter Strike. With its realistic graphics and war like gameplay experience, this game is in my opinion one of the best FPS game.
If you liked the movie “death race”, then i’m sure that you will love this game. Blur is a new game that has a high level graphics and a difficult game to play, which makes it challenging. Its like Need For Speed, but with weapons. Yea, weapons! This game is not about speed only. You need to sway away from your opponents weapons and shoot your rivals to get to the top.
Its always nice to kill zombies. Left 4 Dead series is a great example of how fun killing zombies can be! The sequel to the run away hit Xbox game Dead Rising is an addictive adventure game. The combats are bloody and awesome. The weapon combinations are fun to use. The only problem is that the game takes a lot of time in loading.
The appple iphone has always been riding the competition with its powerful application base, specifications, design and its great features. The 4g iphone uses high quality glass that is scratch resistant and durable which is complimented by a high resolution screen.
The Motorola Droid 2 has been a significant improvement from the previous models in the Droid series. The Android powered phone includes a 1 GHZ processor and has a 8GB internal memory along with a 32GB expandable memory. The Droid 2 incorporates a slide keyboard and it consists of a faster 512MB RAM. However the minus point is the lack of front camera.
In my eyes, the HTC is the most beautiful phone incorporating the Windows Phone 7 Operating System. The Windows Phone OS is great to use in this phone because of its large 4.3 inch screen. The touch is impressively great with its fast processor and RAM. There is no lag whiles using and swooping through the applications.
Blackberry has been making a lot of user friendly phones and the Blackberry Bold 9780 is undoubtedly the most impressive non touch screen phone. The 9780 runs on the new Blackberry 6 OS and with a 512 MB RAM. The built quality is impressive and so is the Qwerty keyboard. The fluid feel of navigation is also impressive.
Even though the Blackberry bold 9780 was a great phone, it was necessary to blend in with the competition. Blackberry introduced this touch phone to compete directly with the iphone and other devices running on Android and Windows OS. The screen is a little bit disappointing and so is the video shooting only in VGA.
Asian airline was established in the year 1988 as South Korea’s airline. In the present times, this airline has up to fifty nine aircraft in its fleet managing hundred destinations across the world. The airline services have been revised from time to time, to offer the best according to the varying needs of the passengers. The options like magic shows and delicacies created by the professionals of the culinary art help Asiana Airlines, out do its competition.
When the Singapore Airlines commenced in the year 1947, they were known as the Malayan Airways Limited. The airline now has alliance with the global Star Alliance. The Singapore flight attendant model is the only one to make it to the Madame Tussaud’s Museum in London
This airline started its flight in the year 1994 and has its headquarters located in Doha. The Qatar Airways is not a part of any global alliance. Though this airline is relatively new, it has not faced any fatal crash in its history of more than a decade of flying.
This airline was founded by two former air force pilots in the year 1946. The headquarters for Cathay Pacific is situated in Hong Kong and the airline is a member of Oneworld. In Chinese, Cathay Pacific stands for ‘grand and peaceful state’ while in English it is the older name of China.
It is an international and domestic airline group providing services not only within New Zealand, but other parts of the world as well. Its aircraft 747-400 is the largest passenger interior volume of any commercial airliner till date. The 747-400 tail height is 19.4 m, equivalent to a six-story building.
Country: Russia
Country : Canada
Country: Canada
Country: Russia
Country: Canada
Their’s was a sad breakup, after nearly 14 years of marriage. According to popular sources, their marriage ‘wasn’t working out’. They had supported each other through important events in each other’s life. Both Hollywood actors, they have 2 children together.
King is a Talk show host, while Southwick is an actress. They have 2 children together. In his divorce filing, the TV host is seeking shared custody of their two sons. Rumours surfaced that the reason for the couple`s split was an alleged affair between King and his wife`s sister.
Considered among Hollywood’s happiest couples, Jim Carrey and Jenny’s breakup came as a surprise to most people. In their 5 years together they shared a special bond, with each other and their respective children.
The on-again, off-again pair, Ryan Phillippe and Abbey Cornish — who were seeing each other when Phillippe split from Reese Witherspoon, 31, last October still have a ton of chemistry. Cornish, 25, has been bonding with Phillippe’s kids. The actress, Abbey Cornish, was spotted removing her belongings from the house she shared with actor Phillippe. The split follows months of paparazzi speculation that Phillippe had been regularly hitting the nightclubs and being linked to other women.
Vincent is playing the lead role of `Phineas` on Disney`s new hit animated series, ‘Phineas and Ferb’, and is now Emmy nominated. He is shooting the fourth season of ‘Everybody Hates Chris’.
A child star, now a troubled starlet, Lindsay Lohan was arrested in May 2007 and again in July 2007 for driving under the influence of alcohol and possession of cocaine. The Beverly Hills police issued a warrant for her arrest in March 2010 for breach of terms in her probation, however, she did not turn up for hearing in May 2010 and on July 6th the Judge sentenced her to 90 days in jail starting from July 20th. To add to this trouble Lohan, is having major differences with her lawyer Shawn Chapman, she may resign her services to Lindsay.
The charming 24 year-old Chace Crawford, widely known as Nate Archibald in ‘Gossip Girl’ series was caught with 2 ounces of marijuana in his hometown of Plano, Texas on June 3. Apparently he was rolling a joint in clear view of everyone. He is currently out on bail and if convicted he faces a six month jail term.
Renowned spiritual and religious guru Swami Nithyananda leader of Dhyanapeetam (Knowledge Centre) who has followers across the globe, shocked his devotees with a video of himself engaging in sexual acts with a Tamil actress. His arrest in April 2010, Himachal Pradesh, India created a troubled wave among his followers. In June, the court granted him conditional bail and is required to stay in the country until further notice.
Pete Doherty, UK band ‘Babyshambles’ frontman and former boyfriend of supermodel Kate Moss was among the three people taken in for questioning in March 2010 for supplying drugs that caused the death of 27 year old film-maker Robin Whitehead, in her flat in east London. He was out on bail until his hearing on April 2010. He was arrested again in June for possession of Heroin and released on bail for ₤50,000. His hearing is scheduled for August.
Gary Coleman, the famous child actor Arnold Jackson of ‘Different Strokes’ was arrested by the Utah Police for domestic violence – a misdemeanor, the identity of the victim was not released. He was released on a bail of $ 1,725 in January 2010.
Popular throughout the world by the sheer volume of cars it produces and sells in almost all countries; Toyota majorly caters the car and Light Commercial Vehicle segment. With marques such as Daihatsu, Hino, Lexus, Scion and Toyota, this giant manufacturer produces cars of mass appeal, elegance and comfort. With stylish cars regularly churned from its basket it would be hard to beat it from its top position.
General Motors is a United States manufacturers and the second largest automaker in the world. This company has been ranked as the largest manufacturer of motors in the world though its share dwindled due to the financial crises and declaration of bankruptcy. Currently it is focusing on its core brands Chevrolet, Buick, GMC and Cadillac. Its biggest markets are North and South America and China; however it’s trying to put a foothold in other emerging markets like India, Germany, Spain, etc.
Ford Motor Co. introduced the revolutionary method of large-scale manufacturing of motor vehicles. It is the third largest manufacturer in the U.S behind Toyota and General Motors. The Ford, Lincoln, Mercury and Volvo are the brands under its automobile segment. With a majority of its market share in North America and the U.S, Ford Motors is rapidly expanding its foothold globally with its ‘Ford’ brand.
This Italian automotive major has a 20% stake in Chrysler since 2009 and its cars are best sellers in Brazil, Argentina and Poland. Its long list of ventures with local companies in India, China, France, Turkey, Russia and Pakistan has ensured that this company has made a mark on the auto industry. Fiat is constantly involved in R&D and its ‘Multiair’ engine won the ‘Best Engine of the Year 2010’ in the International Engine of the Year Awards for its innovative engine technology.
Renowned for manufacturing luxury and performance vehicles, this German company also owns the MINI and Rolls-Royce brands. It’s famous for its BMW 3
