Zanimive povezave 10/20/2008
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We Forgot Everything Keynes Taught Us
No one can complain of a shortage of information about the Great Financial Meltdown. The biggest growth industry today is words: A whole new vocabulary has spread from board tables to kitchen tables. Superannuated whiz kids planting cabbages to offset their newly straitened means can blame their troubles on collateralized debt obligations, special investment vehicles, credit default swaps. Subprime mortgage holders find themselves censured for a new and virulent disease called toxic debt.
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Japan’s young turn to Communist Party as they decide capitalism has let them down – Telegraph
With its gleaming designer stores, the world’s second largest economy and an insatiable appetite for luxury labels, Japan has long been regarded as the land of the rising capitalist.