Friday, 19 August 2011

Finance and economics

What might they portend?

The headline story on the cover of Time magazine a couple of weeks ago was 'The great American downgrade: why the debt crisis has hurt growth and the nation's position in the world', by Fareed Zakaria.

Last week it was 'The decline and fall of Europe (and maybe the West)', by Rana Faroohar,

This week's edition... I can hardly wait for its wordsof cheer. I already know thta its front page headline will be 'The New Greatest Generation' by Joe Klein. Sounds more cheery. The preview of Mr Klein's article, however, reads –

A new kind of war meant a new set of skills. Now veterans from Iraq and Afghanistan are bringing their leadership lessons home, where we need them most.

Oh dear. What a comforting thought for the future.

Chin up.

References

Faroohar, R. (2011) The great American downgrade: why the debt crisis has hurt growth and the nation's position in the world, Time, vol. 178, no 6, pp.20-25

Zakaria, F. (2011) The debt deal's failure. Congress proved incapable of solving money problems. The result is that it lost thy world's trust, Time, vol. 178, no 7, pp. 12-15

Time

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