To acquire knowledge, one must study, but to acquire wisdom, one must observe.
- Marilyn vos Savant
Thursday, September 18, 2008
Thought
Everything should be as simple as it is, but not simpler.
The problems that exist in the world today cannot be solved by the level of thinking that created them.
- A. Einstein
Stock nosedive
The Dow Jones stock market nosedive yesterday, lost another 450 points, which estimated at US$700 billion in inveestment vanished.
Investors are worry that the financial crisis is spinning so far out of control.
American Federal Reserve has stepped in with an emergency loan to keep American International Group Inc, one of the world's largest insurers, from going under.
Market has predicted that the well-known investment house, Lehman Brothers, would be forced to file for bankruptcy.
Who will be the next to falter?
For sure, the impacts to the global economy would be tremendous and unstoppable.
Investors are worry that the financial crisis is spinning so far out of control.
American Federal Reserve has stepped in with an emergency loan to keep American International Group Inc, one of the world's largest insurers, from going under.
Market has predicted that the well-known investment house, Lehman Brothers, would be forced to file for bankruptcy.
Who will be the next to falter?
For sure, the impacts to the global economy would be tremendous and unstoppable.
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