My OperaMercredi -Mercury's Day,
Wednesday, March 28, 2007 5:14:16 PM
Hebrew Date: 9 Nisan 5767
From Today's Financial Times: Uh-oh: here's a headline about something I'm not familiar with at all - the Asian Development Bank. Just what I need. Something else to research.
Headline: Asian States Warned on Danger of Reserves (and this was in great big letters on the front page.) Story by Michiyo Nakamoto, dateline: Tokyo. Subtitle: ADB advises investment plans to avoid asset bubbles. This article is about how Asian nations are holding too many dollars and euros in their reserve accounts. The ADB thinks, for example, that they are holding too many US Treasury notes in their reserve accounts, and that they ought to do something else with them: like spend more on retiring their debt, or on investing in infrastructure within their own nations, or on buying some assets somewhere.
Someone named "Itzal Ali, ADB chief economist," says that "the current level of reserves held by Asian Developing Economies -- $2,280bn - was excessive." (Same as 2.28 billion dollars)
Well, I thought the US rather liked the idea of Asian nations holding US Treasuries, and that it would be a bad thing if they did something else with them. That's from our perspective, which is "my" perspective, since I am a US citizen.
Another FT headline: "Gulf Stand-off Blair Warns Iran" This was a small headline, sort of a photo caption, in which blair is looking sideways at the camera. A lady in a lavander dress and hat are also in the picture.
Then there is a boring headline reading, "Scepticism as BP pulls out of Yukos Auction." I'm not going to read that. It has to do with BP again, this time about something that they're doing with Russians, and Russian 'state-controlled' groups.
In the Wall Street Journal today, there was a more interesting front-page article "Pain from Free Trade Spawns Second Thoughts about About Globalization."
The well-known economist, Alvin Blinder, is "now saying a new industrial revolution in communication technology that allows services to be delivered electronically from afar - will put as many as 40 million American jobs at risk of being shipped out of the country in the next decade or two."
That means if you're going heavily in to debt to get a CPA, it (or even an Electrical Engineering or Computer Science advanced degree), it might not be such a good idea. Because when it comes time to repay your college loan, you might have a hard time finding a good enough (or even a suitable?) job to repay the costs of your education.
This is not a pleasant story, but I will in this case, force myself to read it. They're certainly making it sound like you better have a back up "trade" like being a plumber, a fry-cook, or an auto mechanic. I hate stories like this. I am also glad I never had any college debt, but now I would like to go get some because I really need a JD.
From Today's Financial Times: Uh-oh: here's a headline about something I'm not familiar with at all - the Asian Development Bank. Just what I need. Something else to research.
Headline: Asian States Warned on Danger of Reserves (and this was in great big letters on the front page.) Story by Michiyo Nakamoto, dateline: Tokyo. Subtitle: ADB advises investment plans to avoid asset bubbles. This article is about how Asian nations are holding too many dollars and euros in their reserve accounts. The ADB thinks, for example, that they are holding too many US Treasury notes in their reserve accounts, and that they ought to do something else with them: like spend more on retiring their debt, or on investing in infrastructure within their own nations, or on buying some assets somewhere.
Someone named "Itzal Ali, ADB chief economist," says that "the current level of reserves held by Asian Developing Economies -- $2,280bn - was excessive." (Same as 2.28 billion dollars)
Well, I thought the US rather liked the idea of Asian nations holding US Treasuries, and that it would be a bad thing if they did something else with them. That's from our perspective, which is "my" perspective, since I am a US citizen.
Another FT headline: "Gulf Stand-off Blair Warns Iran" This was a small headline, sort of a photo caption, in which blair is looking sideways at the camera. A lady in a lavander dress and hat are also in the picture.
Then there is a boring headline reading, "Scepticism as BP pulls out of Yukos Auction." I'm not going to read that. It has to do with BP again, this time about something that they're doing with Russians, and Russian 'state-controlled' groups.
In the Wall Street Journal today, there was a more interesting front-page article "Pain from Free Trade Spawns Second Thoughts about About Globalization."
The well-known economist, Alvin Blinder, is "now saying a new industrial revolution in communication technology that allows services to be delivered electronically from afar - will put as many as 40 million American jobs at risk of being shipped out of the country in the next decade or two."
That means if you're going heavily in to debt to get a CPA, it (or even an Electrical Engineering or Computer Science advanced degree), it might not be such a good idea. Because when it comes time to repay your college loan, you might have a hard time finding a good enough (or even a suitable?) job to repay the costs of your education.
This is not a pleasant story, but I will in this case, force myself to read it. They're certainly making it sound like you better have a back up "trade" like being a plumber, a fry-cook, or an auto mechanic. I hate stories like this. I am also glad I never had any college debt, but now I would like to go get some because I really need a JD.
