In fact, a new working paper by University of California-San Diego economics professor James Hamilton estimates that the US was on the hook for more than $70 trillion in off-balance sheet liabilities at the end of 2012. Here’s Hamilton’s tally. Housing related commitments-$6.112 trillion—Debt of govRead more

Gopalrao Deshmukh of Pune was the first to advocate in 1849 the consumption of indigenous goods instead of foreign goods. The first person to argue forcefully in favour of the boycott of everything foreign was Bholanath Chandra of Bengal, who in the Mookerjee’s Magazine — a well-known nationalist maRead more

“Marion Bartoli” who is French Lawn Tennis Player declared her retirement on 14 August 2013 due to injury problems; she was Wimbledon 2013 (Women’s Singles) winner, Bartoli won seven other WTA Tour titles, the first one was in Auckland in 2006. Recently she won two tournaments both in 2011 at EastboRead more

Sometimes objects are able to block light. An object from which no light can pass through is called opaque. An example is our body. Since light cannot pass through it creates a dark area around the object. So this patch where the light cannot reach is called a shadow. Opaque objects create clear darRead more

Geologists used such as the Canyon Diablo meteorite (the fragments of the asteroid that impacted at Barringer Crater) as a way to get at the true age of the Solar System, and therefore the Earth. By using the radiometric dating system on these meteorites, geologists have been able to determine thatRead more