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Vengeance is mine, saith the Lord, except that right now everyone wants a little piece of it. The mob has been chanting for months, ever since former Treasury Secretary Henry Paulson arrived in late September on Capitol Hill to warn of disaster, pass around his three-page plan and demand $700 billion to fix the problem. Most members of Congress were so spooked they were ready to write a check, until their phone lines started melting with the angry voices of taxpayers demanding details about the likely return on the investment. But even the minimal strings attached did not prevent...
...belief that either the player will win or somehow come up with the money if he loses. Since gamblers frequenting casinos rarely win, the real issue is their ability to pay off debt. Las Vegas has become like the rest of America. Visitors to the city were just late coming around to the realization that borrowing has gone out of vogue. If most large American banks were based in Las Vegas they would still be buying toxic paper and lending money for leveraged buyouts...
Private Philanthropy: Family foundation established by the late philanthropist Sir John Templeton. Its mission is to address big questions and foster dialogue between science and religion through grants, prizes and book publishing. templeton.org...
...Asia have always treated their staff with a touch of paternalism. Companies were not meant to be simply places of work, but big, happy families. In parts of north Asia, especially Japan and South Korea, employees spent more time with their coworkers, either at their desks slaving away until late at night or in regular evening drinking fests, than with their own husbands and wives. Layoffs were considered unseemly. In Japan, a social contract of "lifetime employment" guaranteed full-time employees they would have jobs until retirement. In China, communism brought the "iron rice bowl" and institutionalized cradle-to-grave...
...very Asian perception of corporate responsibility. "For each (employee), I believe, the workplace exists not only for earning a living, but also for making friends, growing up and making a contribution to the society," Akio Toyoda said after being named the new president of Toyota Motor in late January. "I'm aware that stabilizing and maintaining employment is an extremely important task of a company." (See pictures of the global financial crisis here...