Archive for June, 2010

Africa ‘witnessing birth of a new ocean’

By Matt McGrath
BBC News Science reporter Volcanic vent in Afar region, Ethiopia (Photo: Julie Rowland, University of Auckland)
A 60km crack opened in Ethiopia in 2005 and has been expanding ever since

Africa is witnessing the birth of a new ocean, according to scientists at the Royal Society.

Geologists working in the remote Afar region of Ethiopia say the ocean will eventually split the African continent in two, though it will take about 10 million years.

Lead researcher Tim Wright who is presenting the research at the Royal Society’s Summer Exhibition, described the events as “truly incredible”.

Used to understanding changes in the planet on timescales of millions of years, the international team of scientists including Dr Wright have seen amazing changes in Afar in the past five years, where the continent is cracking open, quite literally underneath their feet.

In 2005, a 60km long stretch of the earth opened up to a width of eight metres over a period of just ten days.

Hot, molten rock from deep within the Earth is trickling to the surface and creating the split.

Underground eruptions are still continuing and, ultimately, the horn of Africa will fall away and a new ocean will form.

‘A smaller Africa’

Dr James Hammond, a seismologist from the University of Bristol – who has been working in Afar – says that parts of the region are below sea level and the ocean is only cut off by about a 20-metre block of land in Eritrea.

“Eventually this will drift apart,” he told the BBC World Service. “The sea will flood in and will start to create this new ocean.

“It will pull apart, sink down deeper and deeper and eventually… parts of southern Ethiopia, Somalia will drift off, create a new island, and we’ll have a smaller Africa and a very big island that floats out into the Indian Ocean.”

The researchers say that they are extremely lucky to be able to witness the birth of this ocean as the process is normally hidden beneath the seas.

The team hope to conduct experiments in the area that will help understand how the surface of the Earth is shaped.

They believe that the information they glean from observing the shaping of the Earth will help scientists better understand natural hazards such as earthquakes and volcanic eruptions.

Source BBC

June 26, 2010 at 11:25 PM 1 comment

Ethiopian Minister Says Rebels Agree to Disarm

By James Butty

Ethiopian PM and Intergovernmental Authority on Development (IGAD) chairman Meles Zenawi, center (File Photo 
Ethiopian Prime Minister Meles Zenawi

An Ethiopian government minister said a rebel group that has been fighting for a separate state in the country’s Ogaden region has agreed to lay down its arms.

Communications Minister Bereket Simon says the Ogaden National Liberation Front (ONLF) has decided to work within the constitutional framework.

“A certain faction from the ONLF has decided to operate within the constitutional framework. They want to continue as a legally functioning party and contend for power. That will be guaranteed and respected,” he said.

But a spokesman for the ONLF was quoted in published reports as saying the claim of a peace deal was all Ethiopian government propaganda.

Simon said the ONLF has started to realize the futile nature of continuing with their armed struggle.

He said the armed groups have also decided to get on the bandwagon of the government’s development agenda that he said has been taking place in the Ogaden region.

“What is transpiring currently is that most of the members of these groups have started to see the futile nature of continuing in a violent way. They have seen massive development work is taking place in their region,” he said.

Simon said some of the development work taking place in the Ogaden includes new universities, roads, irrigation, and airports.

He said Ethiopians want to put the past behind them, and as such, the members of any armed groups that lay down their arms will not be prosecuted.

Source: AOL

June 26, 2010 at 11:13 PM Leave a comment

Understanding Cholesterol Numbers

 

Cholesterol levels should be measured at least once every five years by everyone over the age of 20. The screening test that is usually performed is a blood test called a lipoprotein profile. Experts recommend that men aged 35 and older and women age 45 and older be routinely screened for lipid disorders. The lipoprotein profile includes:

  • LDL (low density lipoprotein cholesterol, also called “bad” cholesterol)
  • HDL (high density lipoprotein cholesterol, also called “good” cholesterol)
  • Triglycerides (fats carried in the blood from the food we eat. Excess calories, alcohol, or sugar in the body are converted into triglycerides and stored in fat cells throughout the body.)

Results of your blood test will come in the forms of numbers. Here is how to interpret your cholesterol numbers:

LDL Cholesterol

LDL cholesterol can build up on the walls of your arteries and increase your chances of getting heart disease. That is why LDL cholesterol is referred to as “bad” cholesterol. The lower your LDL cholesterol number, the better it is for your health. The table below explains what the numbers mean.

LDL Cholesterol LDL-Cholesterol Category
Less than 100 Optimal
100 – 129 Near optimal/above optimal
130 – 159 Borderline high
160 – 189 High
190 and above Very high

If you have heart disease or blood vessel disease, some experts recommend that you should try to get your LDL cholesterol below 70. For people with diabetes or other multiple risk factors for heart disease, the treatment goal is to reach an LDL of less than 100.

HDL Cholesterol

When it comes to HDL cholesterol — “good” cholesterol — the higher the number, the better it is for your health. This is because HDL cholesterol protects against heart disease by taking the “bad” cholesterol out of your blood and keeping it from building up in your arteries. The table below explains what the numbers mean.

HDL Cholesterol HDL-Cholesterol Category
60 and above High; Optimal; helps to lower risk of heart disease
Less than 40 in men and less than 50 in women Low; considered a risk factor for heart disease

Triglycerides

Triglycerides are the chemical form in which most fat exists in food and the body. A high triglyceride level has been linked to the occurrence of coronary artery disease in some people. Here’s the breakdown.

Triglycerides Triglyceride Category
Less than 150 Normal
150 – 199 Borderline high
200 – 499 High
500 or higher Very high

Total Cholesterol

Your total blood cholesterol is a measure of LDL cholesterol, HDL cholesterol, and other lipid components. Doctors recommend total cholesterol levels below 200

Total Cholesterol Category
Less than 200 Desirable
200 – 239 Borderline High
240 and above High

Source Webmd.com

June 25, 2010 at 1:00 AM 1 comment

The New Bank Fees: How to Fight Back

By ROBIN SIDEL

 Bank on it: Higher fees, and more of them, are coming soon to a financial institution near you. Banks are gearing up for a wave of new fees in an attempt to make up for lost revenue from new regulatory rules on credit cards and overdraft fees. Robin Sidel has details. Regulators in the past year have pushed through a raft of changes designed to rein in banks’ most abusive practices, from excessive overdraft fees to the way lenders raise interest rates when a credit-card payment is late. The new rules are expected to slice billions from firms’ profits—and more if lawmakers move forward with a bill to limit how much financial institutions can charge merchants for debit-card transactions. Banks, of course, aren’t giving up those revenues without a fight. Instead, industry leaders like Bank of America Corp., Wells Fargo & Co., HSBC Holdings PLC’s HSBC North America, Fifth Third Bancorp and others are experimenting with new ways to nick their customers, from imposing maintenance fees on checking accounts to rolling out new charges for services like fraud alerts, debit cards and credit reports. Making matters trickier, while the banks must disclose the new fees fully, they likely will do so only in the ordinary-looking correspondence that most consumers toss in the trash without reading. The result: Many people will learn of the new charges only after opening their monthly statements.  Read full story: http://online.wsj.com/article/SB10001424052748703438604575315003993317326.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsTop

June 20, 2010 at 2:37 AM Leave a comment

Taking organic farming to Ethiopia

 

He started out as an Ethiopian refugee and is now a successful small-scale farmer in Canada. But Berhanu Wassihun still has much he wants to achieve. He speaks of his plans to take subsistence farming back to Ethiopia, where he hopes to teach others the trick of growing chemical-free, nutrient-rich crops – armed with just a few animals, pumps and generators

Farmer Berhanu Wassihun

 Wassihun at his stall in Montreal. Photograph: Nachammai Raman

When I left Ethiopia it was a communist country controlled mostly by an uneducated junta that would use bullets, guns and power to push us around. As an educated person, it was not safe for me. I had gone to what was then Yugoslavia for higher studies in agriculture and I decided not to go back to live in Ethiopia any more. Instead I went to Italy and became a refugee. From there, I made an application to Canada and they accepted me. I came here in 1990 after two years in Europe.

I didn’t like the taste of the food when I arrived. I couldn’t get a decent job either. Looking at my CV, prospective employers said that I was overqualified. Finally, I lied and said that I had finished only high school and they hired me for odd jobs in factories and such. I didn’t really like it. My mind couldn’t accept it. I asked myself: “How can I establish myself?”

Eventually, I went back to school. I studied agriculture again, at McGill University in Montreal. In the meantime, I had started gardening. I found the best crops that I could grow and continued doing this on the side. Many farmers wanted me to start organic farms for them. One farmer took me to Ontario and I worked with him for about eight years. When I started my family I found that the hours were too long and the pay too little. So I was a bit down when I had my first child. I was unemployed for a while before I became a tenant farmer in Ontario. Independent farming is not easy, but at least I can pay my bills.

I have very diverse produce on my farm. I have my own beef, butter, eggs, milk, chickens, strawberries, raspberries and several types of vegetables in the 50 acres of land that I’m now renting. A couple of years ago the agriculture students at McGill approached me for organic produce and I started working with them. I now bring my produce to sell at the campus once a week. I also offer a few wraps, biscuits, breads and cakes based on Ethiopian cultural traditions.

My farm is basically a family effort, but two of my teenagers have already left for university. So that leaves me, my wife and three young children under nine at home. My wife and I have a knack for handling a heavy workload. We sometimes have students who come in to help us, and we’re doing well. I sell my produce at various grocers and farmers’ markets, which are very popular in the summer.

My farming life doesn’t come to a halt in winter. I have a cold room in the basement where I store some of the produce. In addition to this, I use a special technique of burying vegetables, such as carrots and potatoes, in the ground. They come out looking as fresh as if they were picked yesterday. When they’ve just been in the cold room, the taste isn’t the same. It’s something I discovered by trial and error, which is mostly how I function.

I love my work. It’s clean and blessed. I love being outside, winter or summer. I don’t need an alarm clock to wake me up in the morning. I would say that I’m a workaholic – I work more than 16 hours a day, seven days a week, and I take naps whenever my body needs rest.

People really like the things I grow, and it’s a good example of how small-scale farming can feed communities. Large-scale farmers in Canada are finding it increasingly difficult to cope because they have thousands of hectares they need to treat with expensive pesticides and fertilizers, and a lot of machinery worth half a million dollars on average. As a result, they end up just paying the interest on their loans.

In small-scale farming, you’re self-sufficient and you don’t have much debt. That’s the best way forward, in my opinion. Instead of having a small percentage of big farmers, countries are better off with a large number of farmers with small farms that produce a variety of crops.

The advantages of organic farming are that the soil will always be rich in nutrition and micro-organisms, and the crops tastier and healthier. It’s simple. At the most, you’ll need an irrigation system; but not here in Canada, where there’s a lot of rain and snow and the land is fertile.

It’s my dream to help people. I want to use my expertise to give something back to Ethiopia. The people there are willing to work hard on their land. If somebody could lead them and give them a boost, they would be able to do a lot. Ethiopia has a reputation for drought, aridity and disease. If you give a little bit of hope to people by training them and giving them models to duplicate, there will be a change. Giving them grains and flour when they’re starving doesn’t bring any change. Their problems will just come back.

I’d like to start a farming model in my village in Ethiopia. I’d train young people, who, when they became independent, would go to other parts of the country and share their know-how. I’d ensure that they commit to being responsible for the education of other people before I took them in. Another requisite is that they be on a par with the local people – that means no car, no frills, no perks. We’d farm with animals and a few pumps and generators.

People are encouraging me on this path and a fund-raising dinner is on the agenda. With some start-up capital – CDN$5,000-10,000 – I’ll be ready to launch the project.

• Berhanu Wassihun was intervewed by Nachammai Raman.

June 17, 2010 at 2:01 AM Leave a comment

Ethiopia-UNICEF’s Clean Water for Ethiopia Project

 

BURLINGTON, Mass. & BRUSSELS, Jun 15, 2010 (BUSINESS WIRE)

 StreamServe, Inc., a leading provider of business communication solutions for document efficiency and customer experience management, announced today that they have joined again with SAP AG /quotes/comstock/13*!sap/quotes/nls/sap (SAP 45.41, +1.03, +2.32%) in co-sponsoring the Clean Water for Ethiopia project. At the SAP(R) Conference for Utilities 2010 for Europe, Middle East, Africa, and India being held June 14 — 16 in Brussels, Belgium, StreamServe and SAP together committed to donating an additional 10,000 Euros to UNICEF, which will use the funds to dig additional wells, build latrines and educate the population in Ethiopia on proper hygiene. This sponsorship adds to the 20,000 Euros the companies together donated to UNICEF’s Clean Water for Ethiopia project in October 2009.  

Ethiopia is one of the driest countries on earth and the water supply is extremely poor, especially in rural areas. Close to 80 percent of Ethiopia’s population does not have access to enough clean water to support basic living requirements. To meet the pressing need for clean water, UNICEF is currently drilling 80 new wells that transport ground water from a depth of 40 to 50 meters. The result is in less polluted water sources and wells that continue to work during periods of drought. Through these efforts, almost 40,000 people will be supplied with clean drinking water. Furthermore, an investment is being made to construct toilets for 30 schools in the area, and many educational training sessions have been set up. These sessions are aimed at teaching hygiene basics and the skills required to build latrines. UNICEF also helps maintain existing wells and invests further in educating and empowering locals with the skills needed to maintain the wells themselves.  

The continued sponsorship of UNICEF by StreamServe and SAP is part of SAP’s global corporate responsibility program, which focuses on education and the environment, among other issues. In addition, it expands StreamServe’s commitment to the environment that it established through its StreamServe Sustainability Program, which helps businesses become more cost-efficient while aiding them in achieving their goals of becoming less reliant on our planet’s resources. The StreamServe Sustainability Program offers a series of research, best practices, and tools designed to help businesses determine the eco-savings that can be achieved through StreamServe’s business communication solutions.  

“StreamServe and SAP have a long-standing, solid partnership that has provided utilities and other businesses around the world with solutions that help them simplify business communications, reduce costs and become more sustainable,” said Dennis Ladd, StreamServe’s president and CEO. “Both of our companies are also extremely committed to helping improve the world around us through our corporate social responsibility and sustainability programs. UNICEF’s Clean Water for Ethiopia program is such a noble and needed cause, and we are thrilled to be sponsoring it once again with SAP. In addition to helping to improve the health conditions in Ethiopia with clean water and education, we hope that this sponsorship serves as an example for other businesses to consider ways in which they can give back as well.”  

Since its founding in 1997, StreamServe has provided businesses in the financial services, utility and supply chain sectors with business communication solutions that meet the demanding challenges for producing and delivering highly customized documents in any format. StreamServe Utilities(TM), an SAP-endorsed business solution, offers utilities an easy way to improve their customer and business communications through the delivery of highly-personalized documents and invoices in either paper or electronic format.  

About StreamServe  

StreamServe is a leading provider of enterprise business communication solutions. Simple to deploy and maintain, the company’s dynamic composition, document process automation and enterprise output management solutions meet the demanding challenges of today’s global businesses for producing and delivering highly customized documents in any format.  

StreamServe’s advanced software solutions ease the process of composing and automating business communications, enabling organizations to increase the value and profitability of their business relationships. This is done all while leveraging existing business applications such as ERP, CRM and ECM.  

The company was founded in 1997 and is headquartered in Burlington, Mass., with 14 offices worldwide. StreamServe serves more than 5,000 customers in 130 countries, primarily in the financial services, utilities, manufacturing, distribution and telecom sectors. Customers include BMW, CLP Power Hong Kong, AmerisourceBergen, and Siemens Financial. StreamServe’s strategic partners include Adobe Systems, IBM, InfoPrint Solutions Company, Lawson and SAP AG. To learn how StreamServe’s business communications solutions can help drive efficiency and improve costs within your organization, please visit StreamServe online at http://www.streamserve.com, or join the conversation on StreamShare(TM), StreamServe’s online community forum: http://www.streamshare.streamserve.com/.  

StreamServe, StreamShare, and the StreamServe logo are all trademarks of StreamServe Inc. Some software products marketed by StreamServe Inc. and its distributors contain proprietary software components of other software vendors. SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. All other product and service names mentioned are the trademarks of their respective companies. (C)StreamServe Inc. 2010  

SOURCE: StreamServe, Inc.

June 15, 2010 at 9:48 PM Leave a comment

The Evolutionary Road

 

The Middle Awash area of Ethiopia is the most persistently occupied place on Earth. Members of our lineage have lived, died, and been buried there for almost six million years. Now their bones are eroding out of the ground. Step by step they record how a primitive, small-brained primate evolved to conquer a planet. Where better to learn how we became human?

By Jamie Shreeve

In the Afar desert of Ethiopia, there are a lot of ways to die. There is disease, of course. One can also perish from wild animal attack, snakebite, falling off a cliff, or in a shoot-out between one of the Afar clans and the Issa people across the Awash River to the east.

But life is fragile all over Africa. What is special here is the occasional durability of the deceased’s remains. The Afar Basin sits smack atop a widening rip in the Earth’s crust. Over time, volcanoes, earthquakes, and the slow accumulation of sediments have conspired to bury bones and then, much later, disgorge them to the surface as fossils. The process is ongoing. In August 2008 a young boy was taken by a crocodile in Yardi Lake, in an area of the Afar known as the Middle Awash. Three months later, Tim White, a paleoanthropologist at the University of California, Berkeley, stood at the lakeshore near where the child had died. Blanketed by lake sediments, he said, the boy’s bones had a decent chance of becoming fossils someday too. “People have been dying out here for millions of years,” said White. “Occasionally we get lucky and find what’s left .”  Read full story at http://ngm.nationalgeographic.com/2010/07/middle-awash/shreeve-text

Source: National Geographic

June 15, 2010 at 7:01 PM Leave a comment

Liya Kebede: star of Ethiopia

 

She was one of the world’s biggest fashion models and the first black face of Estée Lauder. But when Liya Kebede returned home to Ethiopia and saw the chronic problems of maternal health her career took a new turn. Her campaign continues – and now she has set her sights on sustainable fashion

Liya Kebede

Liya Kebede models Lemlem’s autumn/winter 2010 range, all of which is made from cotton woven in Ethiopia

Flicking through Liya Kebede’s pile of fashion magazine covers passes a calm and perfumed afternoon. In 2002, French Vogue declared May was “All About Liya” month, dedicating a whole issue to the African supermodel after the editor saw her in Tom Ford’s Gucci catwalk show. Describing the day they first met, Ford recalls: “She looked me in the eyes, and I was quite literally stunned. Liya projects an aura of goodness and calm that outshines even her extraordinary physical beauty. Later in the day,” Ford continues, “when trying to remember what she looked like, I could only remember her eyes.”

Born 32 years ago in Addis Ababa, Ethiopia‘s capital, Kebede was spotted twice. The first time, as a teenager, took her to Paris, where she failed, homesick. When she returned to Ethiopia, she met her husband, a hedge-fund manager 20 years her senior, and it wasn’t until the second time, aged 23 in Chicago, where the couple had set up home, that it stuck. In no time Kebede signed a £1.65m contract to become the first black face of Estée Lauder; her face and long, generous limbs sold underwear, handbags, evening dresses and Tiffany diamonds. She took a role in a Robert De Niro film, she was named 11th in a Forbes list of the world’s top-earning models, she had a son and a daughter, Suhul and Raee, then in 2005 she took a breath…

We speak as she dashes through Manhattan between meetings. Taxis honk and men yell as she quietly talks about her childhood, growing up under “vast blue skies”. She describes the “beautiful, raw land”, the space. And then the way that New York shook her up, “the way it does everyone”. It was when she returned to Ethiopia from the USA, where pregnancy is so celebrated, that she became involved in raising awareness of her home country’s maternal health crisis. In Ethiopia a mother dies in childbirth every minute, leaving her baby 10 times less likely to survive past the age of two.

“There’s a saying in Africa: To find out you are pregnant is to have one foot in the grave,” she says. “Every time I go back home I’m introduced to women who’ve barely made it.”

Her soft accent leaps from drawl to drawl as she remembers meeting an elderly woman who, after her daughter died giving birth to her third child, was forced to bring up her grandchildren alone. “She couldn’t afford food, let alone schools, so the baby was given away. It was such a tragedy – not only did she lose her daughter but the whole family was destroyed. When, in an African community like that, a mother dies, it affects everyone.”

In 2006 she set up the Liya Kebede Foundation. Her mission was to reduce maternal, newborn and child mortality in Ethiopia, and around the world. Funding advocacy and awareness-raising projects, as well as providing direct support for community-based education and training, the foundation’s success led to her recognition by the World Economic Forum as a Young Global Leader. While Kebede’s aims are ambitious, she’s particularly good at promoting the small, gentle steps towards life-changing aid. She talks, for instance, about the importance of providing torches to villages in developing countries, to light midwives’ paths to the houses of women with no electricity, but she’s clear, too, that there’s no small solution to a global problem. “In these villages there are no roads, let alone hospitals. The last time I visited, I was told about a local woman who started bleeding halfway through delivering her child. The whole village carried her to hospital, but she died on the way.” These are preventable deaths, she stresses.

Vogue May 2009 Cover
Liya Kebede (far left) on the cover of Vogue’s May 2009 issue.

It was on another trip home, a star by now, that Kebede met the local traditional weavers, who were losing their jobs due to a decline in demand. She giggles quietly and sighs: “I promised to come up with something to help.” She launched Lemlem (meaning “to flourish” in Amharic), a line of cotton children’s clothes hand spun and embroidered in Ethiopia, as a way to inspire economic independence in her native country. “Once mums bought pieces for their kids, of course they asked for bigger sizes for themselves,” Kebede boasts. Now the label offers womenswear, gifts and accessories – simple, soft striped shawls and dresses. And as one of few ethical ranges to make it into high-end fashion stores Matches and Net-a-porter.com, it is doing phenomenally well.

“The Lemlem collection has almost sold out at Matches, as it’s quite hard to find stylish cover-ups in pure cottons, and the fits and lengths are really on-trend,” says Matches buyer Georgina Gainza. “Our customers are interested in the style, primarily, but it’s an added bonus that the collection has an ethical approach.”

“It’s always a tricky thing, trying to make aid sustainable,” Kebede says. “It’s important that we try and help the workers become independent, so by employing traditional weavers we’re trying to break their cycle of poverty, at the same time preserving the art of weaving while creating modern, casual, comfortable stuff that we really want to wear.”

“In today’s world, celebrity advocates are not rare,” Tom Ford admits. “What is rare is to encounter one whose devotion and drive come from a genuine desire to better our world. Liya’s work comes from a place of sincerity, and her beauty is much more than skin deep.” Ford is not alone in his adoration – Anna Wintour keenly supports her (“She’s so willing,” Kebede says of the American Vogue editor, “so wonderful”), and she’s still in demand to open fashion shows despite being 15 years older than her fellow models. Last month she was named one of Time‘s 100 Most Influential People, alongside Barack Obama, Bill Clinton and Oprah Winfrey.

She finds a balance, Kebede says, between campaigning and fashion, though we speak in a month that also sees her at Cannes promoting her first lead role in a film – Desert Flower, based on the critically acclaimed autobiography about female genital mutilation by Somali model Waris Dirie. Kebede recently travelled back to Djibouti, where they shot much of it, to host a screening in the village where the film is based. “That was amazing,” she says, “to reach out to people and show them something and teach them without being forceful, or shoving it down their throat.”

As a model her success grows, and as a philanthropist she’s taking on ever more campaigns, ever more problems. I ask how the two sides of her life sit with each other, and she answers quickly: “Fashion has always given me a platform, introduced me to inspiring people, allowed me to balance my life, but most importantly, allowed me to do something quite amazing.” ■

Source: The Observer

guardian.co.uk home

For information on the Liya Kebede Foundation, visit liyakebede.com. For Lemlem, visit matchesfashion.com or net-a-porter.com

June 14, 2010 at 2:23 AM Leave a comment

Book Review

Book: ‘Contending Nationalisms of Oromia and Ethiopia: Struggling for Statehood, Sovereignty, and Multinational Democracy’ by Asafa Jalata
(Global Academic Publishing, Binghamton University, $34.95)
229 pages

Gadaa.com

If you are interested in issues of self-determination and multinational democracy, security, and development in the Eastern Africa, and have been puzzled by why decades of experimentation and foreign aid poured into the region yielded anything but desired outcomes, a new academic book by one of the foremost authorities in the region can help you understand the underlying causes.

If you are also more specifically interested in Oromo and Ethiopian studies, Eastern African and African studies, and studies of nationalisms and racism, this book has answers for you as to why democracy, self-determination, stability, development and peace have not been achieved in Eastern Africa.

Or if you have been reading books on Oromia, Ethiopia, and Eastern Africa that address the symptoms, but not the causes of the socio-economic problems in the region, this book will change the way you have so far perceived the region, the major issues, and players. Read more http://gadaa.com/oduu/?p=3985

June 12, 2010 at 10:09 PM Leave a comment

Can the Buy Side Take on the Sell Side?

By James Kwak
The Economist did not like 13 Bankers: “A broader perspective would have led to more nuanced conclusions. The origins of America’s financial ‘oligarchy’, for instance, might have more to do with campaign-finance rules and political appointees than banks’ size. The faith that Messrs Johnson and Kwak put in merely capping the size of banks is misplaced.”*
But a reader pointed us to the Economist columnist who goes by the name of Buttonwood (the site of the founding of the New York Stock Exchange), who seems a bit more favorable. In a recent column criticizing the rent-seeking of the financial sector, Buttonwood seems to tell broadly the same story: Read the rest of this entry at http://baselinescenario.com/

June 10, 2010 at 5:43 PM Leave a comment

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