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Mittwoch, 3. Dezember 2008

Shades of Schadenfreude

As the United States wallows in the worst financial crisis since the Great Depression, the world looks on with horror, fear and sometimes guilty pleasure.
Rarely does an event capture the world's attention as the American financial crisis has in the past few days. In Mexico, they're calling it the "American FOBAPROA," an echo of that country's infamous 1994 bailout fund. In Beijing, many are hoping it will chasten China's free-spending materialists. In France, President Sarkozy views it as a vindication of heavy-handed government policies. The crisis, which has caused the spectacular failure of ... more details here in newsweek....

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