How can Innovation Central not manage to solve its own sprawling homelessness?
Romantic advice from some of humanity's biggest thinkers.
With strikes in American nerve centers such as New York City, Los Angeles, Houston, and even Las Vegas, one artist this summer is waging a one-man World War Z of […]
Last month I asked if Whistler’s Mother is the greatest Mother’s Day painting ever, so it only seems fair to pose a similar question on Father’s Day. Although Mother’s Day […]
For readers at Harvard, I will be participating in a panel discussion at the Kennedy School of Government on Thurs. Feb. 4 from noon to 2pm. Details are below and […]
My Final Advice to Prof. Krugman, Bank Nationalization! Why No!rnrnPlease review the history of Citi ( C ) and Hongkong and Shanghai Banking Corporation Limited (HBC) in China! rnrnBefore the Communist took over China in 1949, C (National City at that time) and HBC through a lot legal channels transferred their assets to America and Hong Kong! So many rich Jews and Chinese in Shanghai can retain their fortune back in the British colony, Hong Kong and freedom US. They survived well there! And the Chairman of HBCrnAlways has an appointed seat in Executive Council, a ruling Chamber of Hong Kong before 1997. rnrnNow C and HBC all back in China and doing business in Shanghai! Chinese trust them! They are the international branded name there!rnrnIn diplomacy, a private- handed international Bank represents part of soft power, hard power and can be smart power of a country! rnrnNow UBC almost broke and retreats from international arena, the Royal Bank of Scotland may be dismantled and retreat from international to England corner too! Why we have to temporary nationalize Citi or Bank of America and later disband it later? It makes no sense to destroy Citi, an international soft power, hard power and smart power in the world! In terms of security, it is foolish too (I can not talk further, sorry!)rnrnEnough! Prof. Krugman is very smart man not like the Time Magazine’s 25 sinners of Recession, especially the noted one, Alan Greenspan! rnrnInternational Bank could be a soft power, hard power, smart power and security power! Got it? No Bank Nationalization, Prof. Krugman and NYT!rnrnrnrn
AIG Financial Products founder Howard Sosin on why the government needs to assume temporary ownership of failed banks.