The US Stimulus Plan - Will it work?

My brother sent me this article from the Wall Street Journal the other day. It may have more importance than anything else relating to the Us recession and global economic slowdown.

The article, titled Barack Obama-san, mentions that President elect Obama's plans to pump money into the economy in his term as President may not be the best alternative at a time like this. It tells the story of Japan in the 1990s, when property prices were plummeting, and the stock market sunk 60% over three years. It also tells the story of how one stimulus package after another was thrown at the problem, but the only when leaders made the "decision to privatize state assets and force banks to acknowledge their bad debts, did the economy recover".

Maybe we have some lessons to learn and be precautious about what is being told to us.

Carpe diem.

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Serving up the fix

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Thoughts about Egypt

The city I was just in about 6 months ago - which owns more than a million years of human history - is now hearing a desperate, angry, and fearless roar of reform from its people, whose voice is reverberating across several Arabic-speaking countries. Egypt is an extremely valuable player on the global playing field. It's ancestors are known to have built one of the first far-reaching ordered civilizations the world has known. Medieval Egypt significantly advanced scholarship in the sciences and philosophy. In contemporary times, it has been looked at as a model of modernization amongst Arab states. Even more recently, Egypt has provided strong support in brokering peace in the Middle East, and negotiating as well as facilitating the transfer of resources from and to the Western world. The people of Egypt, therefore, have witnessed many, many changes in leadership. Moreover, they have experienced diversity in the most deepest historical aspect of the word. Surely, a people with s...

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