I agree with the The Economist that in this global crisis the governments must work together. But no one talks of the world’s ordinary people who have to bear the additional burden in the wake of this and other crisis, which in the first place can be attributed to the callousness and greed of the governments/leaders and financial institutions themselves (especially the bankers).
First the world leaders blow up trillions of dollars on unending “wars”, and then fail in their duty to monitor/regulate the questionable strategies of the financial and corporate world (especially when the governments themselves have to bail them out with taxpayers’ money). What a ‘free’ and ‘democratic’ world we live in!!!
The Economist notes: “After the (rescue) plan’s thrashing by the House of Representatives on September 29th, spurred on by voters’ loathing of ‘casino capitalism’, investors panicked. Yet as The Economist went to press, they were optimistic that, after winning the Senate’s approval on October 1st, the plan would pass.
“Even if it does, that should not be a cause for optimism. Look beyond the stock markets, especially at the seized-up money markets, and there is little to see except bank failures, emergency rescues and high anxiety in the credit markets. These forces are drawing the financial system closer to disaster and the rich world to the edge of a nasty recession (see article). The bail-out package should mitigate the problems, but it will not avert them.
“The crisis is spreading in two directions—across the Atlantic to Europe, and out of the financial markets into the real economy. Governments have been dealing with it disaster by disaster. They have struggled to gain control not just because of the speed of contagion but also because policymakers, and the public they serve, have failed fully to grasp the breadth and depth of the crisis.” More here…
Meanwhile Russian prime minister Vladimir Putin has accused the United States of “irresponsibility” as he criticised its primary role in the economic and financial turmoil that has undermined the foundations of global capitalism across the world. More here…
And French president Sarkozy tries to rally united European response to the crisis. More here…
Swaraaj Chauhan describes his two-decade-long stint as a full-time journalist as eventful, purposeful, and full of joy and excitement. In 1993 he could foresee a different work culture appearing on the horizon, and decided to devote full time to teaching journalism (also, partly, with a desire to give back to the community from where he had enriched himself so much.)
Alongside, he worked for about a year in 1993 for the US State Department’s SPAN magazine, a nearly five-decade-old art and culture monthly magazine promoting US-India relations. It gave him an excellent opportunity to learn about things American, plus the pleasure of playing tennis in the lavish American embassy compound in the heart of New Delhi.
In !995 he joined WWF-India as a full-time media and environment education consultant and worked there for five years travelling a great deal, including to Husum in Germany as a part of the international team to formulate WWF’s Eco-tourism policy.
He taught journalism to honors students in a college affiliated to the University of Delhi, as also at the prestigious Indian Institute of Mass Communication where he lectured on “Development Journalism” to mid-career journalists/Information officers from the SAARC, African, East European and Latin American countries, for eight years.
In 2004 the BBC World Service Trust (BBC WST) selected him as a Trainer/Mentor for India under a European Union project. In 2008/09 He completed another European Union-funded project for the BBC WST related to Disaster Management and media coverage in two eastern States in India — West Bengal and Orissa.
Last year, he spent a couple of months in Australia and enjoyed trekking, and also taught for a while at the University of South Australia.
Recently, he was appointed as a Member of the Board of Studies at Chitkara University in Chandigarh, a beautiful city in North India designed by the famous Swiss/French architect Le Corbusier. He also teaches undergraduate and postgraduate students there.
He loves trekking, especially in the hills, and never misses an opportunity to play a game of tennis. The Western and Indian classical music are always within his reach for instant relaxation.
And last, but not least, is his firm belief in the power of the positive thought to heal oneself and others.