Word: nationalism
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...source says that the stress tests have uncovered the fact that risk controls at major financial institutions, even those that haven't failed, were much too loose. But the most surprising result from the stress tests and related discussions may be this: bankers continue to appear oblivious to the nation's insistence that regulations be put in place to keep banks from ever again putting the economy at such risk. "I just don't think they get it," the official says, referring to bankers' unwillingness to take responsibility for past behavior. "Bankers seem to have no understanding how much damage...
China can afford to be in any business for the long haul if it is convinced that it is in its national interest. That cannot be said about any other nation in the world, especially the United States. The American government is putting its money to work trying to save the financial system and millions of jobs...
...tempting to say that no executive, no matter how accomplished, can fix the nation's largest banks. They can only be fixed when the credit markets themselves are repaired. Antagonists to that way of thinking would refer to Jamie Dimon of JPMorgan (JPM) who they claim can fix anything in the financial world. That point of view fails to admit that he did not break his bank in the first place...
...changed. Television commercial producers from around the globe discovered that Cape Town combined a spectacular location with skilled, cheap crews. Movie makers found that South Africa's diverse landscape - savannah to desert, winelands to white-sand beaches - could stand in for almost anywhere, while the people of the Rainbow Nation, with a carefully placed sombrero here or a hijab there, could be almost anyone. Hollywood descended. In the last few years, South Africa has doubled as 16th century England, Iraq, Mexico, the earth in 10,000 B.C. and outer space - as well as other parts of Africa. As a result...
...long. But now we are getting to know each other. Now we are telling our own stories," he says. "This is not just about making movies. This is about our changing political landscape, our democracy, the fact that anyone can say anything now. This is about shaping a nation...