A typical day for a Japanese bank

“There are interesting parallels between Japan and the UK. Both are islands with a limited and stable population. They have their own currency and they are a former power with lots of history. Their banks and corporations now make most of their profits overseas, which they repatriate for tax reasons.

Read more

Source : The Guardian

The Book of Jobs

But it was not until government spending soared in preparation for global war that America started to emerge from the Depression. It is important to grasp this simple truth: it was government spending—a Keynesian stimulus, not any correction of monetary policy or any revival of the banking system—that brought about recovery. The long-run prospects for the economy would, of course, have been even better if more of the money had been spent on investments in education, technology, and infrastructure rather than munitions, but even so, the strong public spending more than offset the weaknesses in private spending.

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Source : Vanity Fair

#4 Collected Reading : May 15th 2011

1.BOOTED : What really ails Italy?

“This is true of every area of Italian life, sports included. In 1985, Verona won the so-called scudetto, the national soccer championship. It is the only year in the past four decades that the competition has been won by a small provincial team. It was also the year that the league decided to select referees by lot rather than designation.”

Italy, Politics,Culture

Source :  The New Yorker

2. The Kentucky Derby Is Decadent and Depraved : by Hunter S. Thompson

“I shook my head and said nothing; just stared at him for a moment, trying to look grim. “There’s going to be trouble,” I said. “My assignment is to take pictures of the riot.”

Excess, USA, 1970

Source :  RalphSteadman.com


3. Why Isn’t Wall Street in Jail?

 “You put Lloyd Blankfein in pound-me-in-the-ass prison for one six-month term, and all this bullshit would stop, all over Wall Street,” says a former congressional aide. “That’s all it would take. Just once..” 

Greed, Money, Law

Source :  Rollingstone

4. Britain’s intellectuals: leading thinkers have their say

 “The economic—and other—benefits of regulations

“Richard Feynman said a “physicist commenting on anything but physics is as dumb as the next guy” and there is something to be said for that. Often, scientists feel they should remain within their area of expertise. But then many people from other disciplines are perfectly happy to offer their opinions on everything. It is incumbent on scientists to step up and be as vocal..”

Thinking, Public, Dialogue

Source : The Guardian

5. London river walks

“A personal tour of London’s many river views.”

London, Public, Everyday

Source :  Flickr

Hope you like this collection. Please comment, share and most of all enjoy.

– Kaushik