News stories I received on the financial crisis:
We don’t know if disaster can be averted
US Congressman Paul Kanjorski, 11th District of Pennsylvania (from Daily Kos): “USA was 3 hrs away from Economic, Political Collapse in September 2008” More money has been thrown at the problem, but the problems have continued to mount in the meantime. I hope financial disaster can be averted, but judging by what I’ve witnessed so far that hope is muted at best. Somebody threw us into the middle of the Atlantic Ocean without a life raft and we’re trying to determine what’s the closest shore and whether there’s any chance in the world to swim that far. We. Don’t. Know.
Obama has just four years to save the planet
Prof. James McCarthy (from BBC News): The planet will be in “huge trouble” unless Barack Obama makes strides in tackling climate change, says the leading scientist. The US president has just four years to save the planet, said Prof McCarthy, President of the American Association for the Advancement of Science. Without US leadership, which has been sorely lacking, we will not get to where we need to be … now is a moment of opportunity to draw up [global] policies that would be effective in combating climate change.
The world was given a picture of “the day after tomorrow”
PwC Analysis: Financial transformation of this kind is unprecedented and as the financial crisis has developed it has become clear that the only thing you can expect is the unexpected. Consequently, old ways of working may no longer apply.
Global economy top threat to U.S.
New York Times: “Global Economy Top Threat to U.S., spy chief says” The new director of national intelligence, Dennis C. Blair, told Congress on Thursday that global economic turmoil and the instability it could ignite had outpaced terrorism as the most urgent threat facing the United States.
My Comment: The cause of the crisis is our egoistic nature. The crisis is a revelation of our opposition to Nature, to the quality of bestowal and love. Our dissimilarity with Nature becomes expressed in the form of suffering in order to influence us and make us realize that we have to attain equivalence with Nature, the quality of love for our neighbor. Nature will force us to do this one way or another. The fact is that the world has already become a small global village where every person depends on everyone.