Thursday, January 29, 2009

“You cannot trust the banks in taking risks”

Nassim Nicholas Taleb, author of the best-selling finance book “The Black Swan"
at Davos Econmoic Summit :
“We have a very strange situation in which it’s the worst of capitalism and socialism, a situation in which profits were privatized and losses were socialized. We taxpayers have the worst.”

World Economic Forum meet at Davos - January 2009

"Business leaders in emerging markets were more confident. Seven in 10 Indian executives expressed optimism about their company’s growth, as did about three in 10 of those in Brazil, Russia and China. —Bloomberg "

Wednesday, January 21, 2009

"ALL the forces of the world are not as powerful as an idea whose time has come."

Victor Hugo

( Headlines after Mr. Barack Obama was sworn-in as the 44th president of the United States of America ).