Wednesday, January 23, 2008

"Nothing like a little catastrophe to help you sort things out" - from Antonioni's film Blow-up:

On the cusp of economic history
January 22, International Herald Tribune

DAVOS, Switzerland: Is economic history about to change course? Among the chieftains of politics and industry gathering in Davos for the World Economic Forum on Wednesday, a consensus appears to be building that the capitalist system is in for one of those rare and tempestuous mutations that give rise to a new set of economic policies.

As the prospect of a U.S. recession overshadows a tense and drawn-out election campaign in the world's most emblematic market economy, a corrosive cocktail of factors is eating away at old certainties More...

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