Group Think, Duct Tape and Slam Dunks
The Quiet Coup The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of […]
MoreMarch 29, 2009 NEW YORK TIMES Obama Will Face a Defiant World on Foreign Visit By HELENE COOPER WASHINGTON — President Obama is facing challenges to American power on multiple fronts as he prepares for his first trip overseas since taking office, with the nation’s economic woes emboldening allies and adversaries alike. Despite his immense […]
MoreBBC NEWS By Joe Lynam Billionaire investor Gorge Soros has said the G20 summit will be a “make or break” event for the world’s economy. In a BBC interview, Mr Soros said the international financial system had collapsed because it was flawed and it had to be restructured. Mr Soros say it may be the […]
MoreIceland is all but officially bankrupt INTERNATIONAL HERALD TRIBUNE International Herald Tribune Iceland is all but officially bankrupt By Eric Pfanner Thursday, October 9, 2008 REYKJAVIK: People go bankrupt all the time. Companies do, too. But countries? Iceland was on the verge of doing exactly that on Thursday as the government shut down the stock […]
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