I am shocked at the guys who have nominated and given away Nobel peace prize to the US president Barack Obama. Even Americans who voted for change are ill at ease and weeping at the time when they voted for the African American presidential candidate.
The more the things change, the more they remain same.
America is [...]
As global capitalism lurches around in crisis, it seems that there is no end to the worms crawling out of the woodwork. The financial crash and economic downswings have been accompanied by more than just cyclical bad news from companies that have been [...]
The surprise in the past few weeks is that people (professionals included) are surprised by the current financial crisis. In a book titled “the (Mis)behavior of Markets” Benoit Mandelbrot argued that crisis of this magnitude took place more often than even financial models assumed and that therefore, interest rates did not fully account for the [...]
