IATA STATS TELL A SORRY TALE
Until Bush/Obama started talking $trillions in bail out money a $billion sounded a hefty sum of money. It was only three or fours years ago that Exxon Mobil, the world’s largest company, earned a colossal $40 billion in one year and the world was aghast. When IATA announced this week that the airlines would collectively lose a shade under $5 billion in 2009, it hardly raised an eyebrow.
Wall St Collapses
As you can well imagine I am dancing on the graves of Merrill Lynch and Lehman Brothers. For years I have written about the greed and avarice of big business and the antics of Wall Street. I enjoyed claiming that the N.Y. Mercantile Exchange and Wall Street traders were simply cowboys. Yesterday, I almost “threw [...]
Post Olympics Beijing Is Very Quiet
Six months ago when the United States hit the skids, China very smugly told the world their economy was so strong and other markets economies were so strong, if exports were to decline to America, it wouldn’t have any effect. Well, we now have five of the strongest European Union countries (Germany, U.K., France, Italy [...]
International Diplomacy – What a JOKE!
I think the United States of America has its head in the clouds when it comes this current administration’s handling of international affairs. Firstly I thought the deal to invade Afghanistan was to root out Bin Laden and here we are seven years later, still no sign of which rat hole he is hiding in [...]
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