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The latest buzz about Toyota Motor Corp.'s recall issue has turned into a major disappointment for the world's biggest car maker. Recalling around 8.5 million vehicles world-wide to sort out problems with gas pedals, brakes and other systems in some models is definitely an uphill task.

The acceleration problems are reported to have caused as many as 34 deaths in the U. S. The company received subpoenas from a Federal Grand Jury and the Securities and Exchange Commission.

Christopher Dodd, the chairman of the Senate Banking Committee, gave a proposal to create a Bureau of Financial Protection inside the Treasury Department to regulate mortgages, credit cards, payday loans and other consumer products.

According to the proposal, Mr. Dodd insisted that the bureau have a director appointed by the president of United States, a dedicated budget comprised of assessments on large banks and nonbank lenders, and authority to adopt regulations.

"I realize it may not be possible to get the 60 votes needed to push through a stand-alone agency," said Christopher Dodd yesterday.

On Friday, 26 February, 2010, Finance Minister Pranab Mukherjee presented the budget for India for the upcoming financial year, and while there was a lot of optimism in his tone as far as the country's growth went, people were more interested to know if there have been any steps taken to curb the rapidly rising prices and if there are any chances that the budget deficit would be pulled down.

Housing prices in Australia have shown a strong start this year.

This is indicated by the data given by The Australian. Price rose by 4.3 per cent and Melbourne and Adelaide turned out to be the best performers.

The good thing is that the rise has continued for two consecutive months and it has defied fears that the rising interest rates would pull the prices down.

As the finance Minister has proposed a rollback in the standard excise duty rates which have directly impacted the prices of the non-petroleum commodities eventually persuading the steels prices to go up. The steel prices are expected to go in the tune of Rs. 600-800 a tonne with immediate effect.

The expected rise would be an additional increase for consumers, who were expecting to face more rises in the coming months on account of raw material price increase. The proposed implications on the sector will affect other industries as well such as automotives which use steel at a decent level in their products.

The Social Networking bug has bitten all and has spared none be it kids, the MNC officials, the high school students, the celebrities and now even Politicians.

In India already there have been controversies over the Shashi Tharoor's cattle class comment or Bollywood celebrity Shahrukh Khan using it to apologize to his fans or various other celebrities for congratulating cricket star Sachin.