”There are Tails where the Tail lives as a kind of welfare state. Not this one. You starve in this Tail.”
—Economist Will Page with Mblox founder Andrew Bud and Page’s colleague Gary Eggleton, looked to see how large and valuable the “Tail” of digital music may be.
India Calling
By ANAND GIRIDHARADAS
Published: November 23, 2008
Their parents came to America, but these days the motherland beckons.
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We’re just trying to stay away from the window. This isn’t about fundamentals, it’s not about bad balance sheets, it’s about fear and confidence.
—James Paulsen, who helps oversee about $220 billion as chief investment strategist at Wells Capital Management
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The problem is there is absolutely no silver lining visible. The financial crisis may now be at its tail end and we are now in a second phase where corporate distress is the key issue. A third phase may come early next year, when emerging markets will really struggle as the crisis widens and exports continue to shrink
—Arjuna Mahendran, head of Asian investment strategy Asia at HSBC Private Bank in Singapore
Each alternative can damage the interest of creditor nations. The more you buy, the more you will lose.
-On US Treasuries in the Beijing Review
The impact is gradually unfolding. At this stage, the most important impact is on the export side, which is slowing down. We are learning. We were not well prepared for this global shock. Until recently, we thought the US financial crisis was bottoming out, passing the worst stage. Actually, it is not. Now we’re very vigilant.
-From The National
Sustained economic growth cannot rely on real estate
-From The Sydney Morning Herald, November First
The current economic slowdown is only normal in its long-term development track.
-From an Editorial in China Business Daily, October 29th, on the slowdown in China
-Yu Yongding, a monetary policy analyst, who formerly advised China’s central bank
You make a billion dollars, but your rate can be a as low as 15 percent. Is that fair?
—Representative Elijah E. Cummings, a Democrat of Maryland
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