Oct
2
The crisis on Wall Street is symptomatic of a larger problem in the United States, argues Prof Youngjin Yoo, in an article titled Wall Street 2.0, where he also proposes ways in which Wall Street can redefine itself given the changing dynamics of the global economy.
A fabulous read.
Related posts:
- Globalisation and its discontentsThe Hindu reports that the Vice-Chairperson of the UGC, speaking at the convocation of the Madurai Kamaraj University, has expressed that globalisation has led to cut-throat competition and lack of morals. I must say this guy is funny. "Speaking on the theme ‘Globalisation, global market-economy and global co-operation: Human Development in 21st century,’ he said that the financial crisis in the U.S. had spread from Wall Street to Dalal Street to the streets of Tirupur where 20,000 people might lose...
- National Review: The Girl Who Sank HillaryVery interesting article from the National Review Online, detailing the dynamics of a caucus and how one single vote by a young female voter helped Edwards best Clinton. Very good read....
- “The economy is like a bathtub”Speaking on MSNBC this morning, Warren Buffett was all praise for Treasury Secretary Hank Paulson, of whom he said he was "thankful Paulson had the imagination to come up with the plan." When asked why the taxpayers should foot the bill, Mr. Buffett replied "The economy is everyone's problem..." And he continued, tongue-in-cheek, "You see, the economy is like a bathtub - you can't have cold water in the front, and hot water at the back!"...
- A free-kick, frozen in time and space In cricket, so often we see a shot played when the ball races to the fence, and no one needs to move - not the batsmen, nor the fielders. Often we hear commentators say, "Ah, a stand and deliver shot! No one moved." In football, one hardly comes across such moments. The game is always in a state of flux that it takes more than just brilliance to produce a goal that obviates the need for anyone other than...
- Will it help?The Bush administration is intent on pushing the economic stimulus plan to provide Americans some relief from the credit crisis, and also wean the economy away from a probable recession. According to the plan, taxpayers will receive a check for $600, and those not paying taxes will receive a check for $300. In the heat of the primaries season, and possibly also due to the uncertain nature of the global economic situation, this plan has not had its fair share...
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Tags: Wall Street 2.0
October 3rd, 2008 at 5:03 am
These events expose the evils of Capitalism and as people say History repeats..some thing similar to Communism’s fall would soon happen..and may be a Socialist(a mixture of Communism Capitalism) would be delivered…People across spheres like us in India would be sharing the wealth rather than the wealth getting dumped with few CEOs…btw VK why is that people from the so called developed! were frantically selling their houses for 2000 dollars and are sleeping in their cars?….
October 3rd, 2008 at 5:15 am
Btw 700b$ bail out enna solla varuthu??…nationalisation in indirect terms illaya??….India munnerathathukku karanam nationalisationnu sonna pala American anuthapigal ithukku enna solla poraanga?