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General Motors Out of Bankruptcy

Where: Detroit, Michigan, USAJuly 10, 2009 : The USA's biggest carmaker, General Motors, had declared bankruptcy on June 1, 2009. When a company is unable to repay its debts to creditors, it can seek legal protection by filing a bankruptcy plea. The action also ensures that all creditors are repaid in equal measure. The case of General...

Barack Obama Sworn In As 44th American President

Where: Washington, DC, U.S.A.January 20, 2009 : Barack Obama became the first African-American President of the U.S.A. in a year which is also the 200th birth anniversary of Abraham Lincoln, the President who abolished slavery in that country. African-Americans first went to America as slaves, and they did not have the same rights as white people even...