Monthly Archives November 2009

British banks caught overextended again

Image via Wikipedia According to the British newspaper, the Daily Mail Online, Today it emerged that: Royal Bank of Scotland (RBS) was Dubai World’s biggest loan arranger since January 2007, according to JP Morgan HSBC has an estimated £9.6billion in loans and advances to UAE customers Barclays has an exposure of around £3billion And, according […]

Grumpy old men

Image by ART LEWIS via Flickr Well, actually, they just look grumpy. They seem to be having the time of their lives. And man! Can they write! Check them out: John Farr and Fred Reed. I’ve added a photo, but John and Fred’s are far better than what Zemanta offers. I recommend the following digital […]

Learning from history

Image via Wikipedia Does history repeat itself? Can we learn anything from ancient civilizations, especially the ones that declined and fell? Nah! Thanks to scribd, I’m reading Ayn Rand-contemporary, Isabel Paterson’s “The God of the Machine”, which begins with a brief history of the Phoenicians, the Greeks and the Romans, and asks, for instance, why […]