“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.
Source : The Guardian
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.
Source : Vanity Fair
“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
“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
“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
“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
“A personal tour of London’s many river views.”
London, Public, Everyday
Source : Flickr
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– Kaushik
Collected Reading 