Bernews headlines
Wall Street Lays Another Egg: Politics & Power: vanityfair.com
If, like me, you want to try and understand what’s going wrong with the financial markets but are confused by credit default swaps and your eyes glaze over at the mention of securitised debt obligations, then I heartily recommend this piece by British historian in Vanity Fair. Extraordinary events explained in plain English.
For more of Ferguson’s erudite work, visit his site: www.niallferguson.com
My good friend Alan Gilbertson [left] is not only brave enough to get on stage in the upcoming production of The Full Monty, but is courageously offering to virtually go The Full Monty in aid of a worthy cause.
Alan and his wife Carol are long-time supporters of Feedback, a South African food relief charity which persuades food producers, supermarkets, and restaurants to donate quality excess food, most of which would otherwise be wasted. Feedback operates a fleet of trucks to collect this food and deliver it, fast and free, to feed the young, aged, sick and helpless of South Africa. Last year, Feedback redistributed enough food to provide an amazing 12.6 million meals.
Feedback has set up a special Full Monty page complete with Monty Meter to clock donations. As the donations come in, Alan’s picture on the site will shed an item of his Monty costume. Alan has promised to match every donation dollar for dollar (I told you he was a brave and foolish man) and if he gets $50,000, the whole lot comes off.
I urge you to send a few dollars Alan’s way – and of course to see the show, which by all backstage rumours hear is going to be brilliant!
Not that I want to turn Breezeblog into a financial blog, but given the far-reaching impact the AIG problem could have on the world markets, let alone Bermuda, I thought this blog from Kevin LaCroix’s D&O Diary is worth reading as it explains what is happening in layman’s terms:
A Closer Look at the Fed’s $85 Billion AIG Bailout : The D & O Diary
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