The good news is that that world is working together to prevent an economic disaster. During the past week, The Netherlands injected $13.4 billion into ING, Germany approved a $675 billion bank bailout plan, South Korea announced a $130 billion loan program, and the IMF set a $6 billion rescue package for Iceland.
The credit markets are starting to function again, and Federal Reserve Chairman Ben Bernanke is talking about further economic stimulus.
Maybe the world isn't coming to an end just yet.
My flight from Omaha to Newark was smooth, and I wrote most of an article about Corporate Governance and Executive Compensation for "The Human Factor," an Indian HR magazine. I hope to finish and forward the article tomorrow.
I'm still getting emails from Hong Kong:
Dear Mr Persky :
Hooray ! You were top news in Hong Kong.
If jobs are hard to come by in New York,
consider coming to Hong Kong, where
teachers of native speakers of English are
in high demand, so are other professionals.
Besides, Hong Kong is a lovely place to live
for you and your family.
Best of luck in your job search.
Regards,
Citizen of Hong Kong
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