Confused about the credit crunch? Check out these explanations...
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Economic Insight
This comes from Thomas Friedman's The World Is Flat:
In 2003 the state of Indiana needed to upgrade the computer system that handled its unemployment claims. The contractor that won the job: Tata Consultancy Services Ltd., an Indian firm. "In other words...Indiana was outsourcing the very department that would cushion the people of Indiana from the effects of outsourcing."
In 2003 the state of Indiana needed to upgrade the computer system that handled its unemployment claims. The contractor that won the job: Tata Consultancy Services Ltd., an Indian firm. "In other words...Indiana was outsourcing the very department that would cushion the people of Indiana from the effects of outsourcing."
The Importance of Law (A Man for All Seasons)
William Roper: So, now you give the Devil the benefit of law!
Sir Thomas More: Yes! What would you do? Cut a great road through the law to get after the Devil?
William Roper: Yes, I'd cut down every law in England to do that!
Sir Thomas More: Oh? And when the last law was down, and the Devil turned 'round on you, where would you hide, Roper, the laws all being flat? This country is planted thick with laws, from coast to coast, Man's laws, not God's! And if you cut them down, and you're just the man to do it, do you really think you could stand upright in the winds that would blow then? Yes, I'd give the Devil benefit of law, for my own safety's sake!
Sir Thomas More: Yes! What would you do? Cut a great road through the law to get after the Devil?
William Roper: Yes, I'd cut down every law in England to do that!
Sir Thomas More: Oh? And when the last law was down, and the Devil turned 'round on you, where would you hide, Roper, the laws all being flat? This country is planted thick with laws, from coast to coast, Man's laws, not God's! And if you cut them down, and you're just the man to do it, do you really think you could stand upright in the winds that would blow then? Yes, I'd give the Devil benefit of law, for my own safety's sake!
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