The Cost of Crises

A recent article in the NYTimes reminds us of some of the nastier effects of a financial crisis. The book to read on the Argentine crisis is Blustein’s.
Cheap Cocaine Floods Argentina, Devouring Lives – New York Times
In Argentina, the deep financial crisis of late 2001 turned places like Ciudad Oculta into what [...]

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The definition of zero

Yale Center for the Study of Globalization to Host Conference on Nuclear Weapons Abolition
Sessions will also focus on such key strategic issues as the interplay between disarmament and proliferation; the definition of “zero” in regards to nuclear weapons; and how to achieve stability and maintain it in a world free of nuclear weapons.

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Monkey tongues?

Quoted in Berstein’s A Woman in Charge:
By way of telling the president-elect that he was going to spend the next four years in a jungle, she wrote: “ Think of it this way: Your plane has crash-landed in the midlle of Brazil and you found yourself surrounded by a curious and possibly hostile [...]

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Never a good sign…

FT.com / Lex / Financial services & property – Macquarie chief steps down
Here’s a novel twist – an investment banking chief bowing out of his own volition and, moreover, quitting while he is ahead.

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