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World Economy

It is surprising that the Largest and strongest (assumed till now) financial institutions worldwide are crumbling down like packs of cards. I wonder what the managers of these institutions doing in their fancy pin-stripped suits sitting there in air-conditioned offices with all the information at their fingertips? They had best of education, they had their highly paid analysts, their charts and reports—yet they failed to see the writing on the wall? How and why? We, as homemakers, understand the value of caution, but these MIT and Harward educated brainy professionals, in their pursuit of profit, manipulated public sentiments and their hard earned money without a thought about the dangers ahead. Today, the whole world and consequently a large number of innocent persons are paying dearly for the greed of a few. We work hard to earn, we sacrifice our comfort and pleasure to save for the future and suddenly we see that our hard earned Rupees have shrunk. It is a shocking situation and I personally find it difficult to digest. Today, whom should we trust? When companies were making huge profit, they were doing so at the public’s cost. Now when they are facing losses, they again expect ordinary people to make it good, through donations and assistance from the govt. Largest earners, everywhere, seldom pay the highest taxes, but expect highest benefit from every corner. This can’t go on. We have to find the ways.When our leaders are not listening, we have to raise our voice. May be higher pitch will do.


This post first appeared on Torn Leaves, please read the originial post: here

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World Economy

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