Tue 30 Sep 2008
There are incidents in US related to presidential campaign especially tactics used in campaign. McCain supporters distributed an inflammatory hatred documentary film titled Obsession: Radical Islam’s War Against the West to scare US citizen and incite them to do some actions.
Other related links:
Speakers at Academy Said to Make False Claims – New York Times
look at this MRFF plaintiff paper (page 13) complaining Obsession
Wed 24 Sep 2008
Sat 20 Sep 2008
Dari sebuah link yg dikirimkan kawan, saya masuk ke sebuah sebuah artikel tentang pergosipan para artis. Yang membuat saya penasaran adalah digunakannya kata “bentrok” dalam judul artikel tersebut. Bentrok dalam bahasa Indonesia berarti merujuk pada pertengkaran secara fisik.
Tetapi ternyata dalam berita tersebut hanyalah “Tetapi wajah Maia berubah kesal ketika topik pertanyaan berbelok ke arah Mulan yang juga hadir di acara tersebut. Maia pun langsung menepis mikrofon wartawan infotainment dan ngeloyor pergi meninggalkan kerumunan wartawan yang masih memanggil-manggil namanya.”
Saya pikir, sebagai sesama pemakai Bahasa Indonesia, antara judul dan isi tulisan jauh panggang dari api. Sang wartawan seharusnya malu, telah melecehkan profesi wartawan. Kalau begini, apa bedanya wartawan dengan preman?
Fri 19 Sep 2008
Economic slump: Ethics loom large | csmonitor.com Ms. Berry argues that ethical investing practices, such as those strived for by ICCR members, are less likely to lead to catastrophic losses. She notes that investment funds compliant with Muslim sharia rules, including strict prohibition of investments tied to collection of interest, have performed extremely well in the current down market. Berry holds that the “old rules,” the rules of ethics set out ages ago by Christian, Muslim, and other leaders, are still in place. she says.
Tue 16 Sep 2008
Amidst the biggest financial industry shake-up since the Great Depression, an article in Washington Post from The Associated Press, show the real culprit of what happening in Financial Market.
It’s been nearly a decade since Congress and President Clinton reshaped the financial landscape. That 1999 legislation removed Depression-era barriers between commercial banks and investment firms and allowed the creation of financial behemoths where years later the risks of underwriting subprime mortgages were somewhat hidden.
Former Sen. Phil Gramm, R-Texas, until recently one of the McCain campaign’s top economic advisers, was a chief writer of that law.
McCain voted for a Senate version of the bill but did not vote on the final package. Biden voted against the Senate legislation but for the final compromise that Clinton signed. Obama was not in Congress at the time.
Meanwhile, the big 2 in Investment Banking category:
For Goldman, which is expected on Tuesday to report its worst quarterly results since going public in 1999, it was the stock’s biggest one-day drop in eight years.
Morgan Stanley, which has been shedding assets since an embarrassing fourth quarter loss last year, likewise will be under pressure to show its house is in order when it reports results on Thursday.
We need a preventive action especially in Financial System, as said by Paul Krugman from NYT
The real answer to the current problem would, of course, have been to take preventive action before we reached this point. Even leaving aside the obvious need to regulate the shadow banking system — if institutions need to be rescued like banks, they should be regulated like banks — why were we so unprepared for this latest shock? When Bear went under, many people talked about the need for a mechanism for “orderly liquidation” of failing investment banks. Well, that was six months ago. Where’s the mechanism?
To better understand the financial problem, The Time has 2 good articles: How Financial Madness Overtook Wall Street and Why the Government Wouldn’t Let AIG Fail.
And there is also a rumor about relations between AIG and China
(Updated 08/10/03)
Another good article from Reuters
(Updated 08/10/04)
Spheres of influences
(Updated 08/11/28) Thomas L. Friedman wrote after Citibank was bailed out more!
(Updated 08/12/27) Chinese Savings Helped Inflate American Bubble
Sun 14 Sep 2008
Have you ever saw a Microsoft ad featuring Bill Gates and Jerry Seinfeld? Then you should read about FTP 168 things
Sat 13 Sep 2008
I was reading NY Times editorial dated September 12, 2008 (including an Op-Ed Columnist article), and I can’t help my self other than say sorry to American and to the humanity.
John McCain, who is shameless about promoting himself as America’s ultimate patriot, put the best interests of the nation aside in making his incredibly reckless choice of a running mate. But there is a profound double standard in this country. The likes of John McCain and George W. Bush can do the craziest, most irresponsible things imaginable, and it only seems to help them politically.
If George W. Bush has power only as a president in a very small island country, then nobody will hold their breath when the president do the craziest and most irresponsible think imaginable. But US position is different in the world today, and they cannot do that kind of think. I hope the best for the American and the world.
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