Incredible article about how we got out of the Great Depression and why we might be headed into another one.
*”Due to drastic weather conditions we are unable to answer your call at this time. Please hang up and try again later, or go to delta.com Thank you.”* THEN, they hang up on you. BTW - delta.com shows me no available flights to get me home either.
The manager of Hermitage Capital - which was once the most profitable investment vehicle in Russia tells the story of their rise and fall.
On October 11, 2010, a Bloomberg Business Week article titled Schwarzenegger Says Russia is Gold Mine for Investorssaid that Governor Schwarzenegger met Russian President Dmitry Medvedev for the second time in half a year and has embraced the Russian leader’s plan to recreate a Silicon Valley in a suburb outside of Moscow. Governor Schwarzenegger compared Russia to a gold mine of economic opportunity as he led a trade mission to Moscow. But there is price for the opportunity. Zealous government oversight and corruption continue to plague even the most stable developing market.
This is the price. Click here to watch the entire video - it is 40 minutes long, but it is worth watching.
On my last idea for a business I was told by a friend, “its a tough market for an engineer.” I’m not sure if that was a compliment, or an addition to the list of problems. :)
I read today that 9/11 shocked us from a complacent naivete and awakened us to the way the world really is. The idealists, this editorial asserts, believe in a world of hope and reconciliation while the realists know that the world is a terrifying place full of dreadful people seeking to destroy everything we care about. The realists know that we always need to be vigilant because suffering is only a heartbeat away and that things like art, community, and whatever affectations we wrap ourselves in cannot keep horror at bay. Nasty things lurk just outside our comfortable, too-frail bubbles.
I don’t deny that there are nasty things in the world. Nor should we pretend that they cannot hurt us. And yet, when did bad things become more “real” than the good ones? Why do the people who see only ugliness get to call themselves the realists? Is love so impotent and illusory? Is sickness more real than health? Are we only alive when we are unhappy? When the worst happens, do the best things vanish? Do people stop caring for each other? Do people think only of themselves? Do we stop believing in everything we once believed in? Are our ideals so fragile? Does the inevitability of our death mean we can never meaningfully exist? Is the entire project of civilization a denial of reality?
We are not as invulnerable as we pretend to be. Others can hurt us. We can hurt them. But the things we care about are real as well, even if they look distant through the shock and smoke of tragedy. In the most desperate times, the best things are most important. In a sudden medical emergency, we may not be aware of the doctors caring for us and of the family or friends watching by our bed. That does not make them less real. Let us not define humanity by our failings.
President Barack Obama
Think he’ll get any takers?
I hope so, and if not, I’d really like to know why not?