Sunday, September 21, 2008

Paulson: Foreign banks can use U.S. rescue plan (Reuters)

Treasury Secretary Henry Paulson speaks about the U.S. government plan to attack financial market weakness by buying up risky loans at a news conference at the Treasury Department in Washington, September 19, 2008. (Jason Reed/Reuters)Reuters - Treasury Secretary Henry Paulson
said Sunday that foreign banks will be able to unload bad
financial assets under a $700 billion U.S. proposal aimed at
restoring order during a devastating financial crisis.


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US finally demonstrate the role of world leader that supposed to play although we not know the detail yet.

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Friday, September 19, 2008

Difficult time of IT industry ahead

HONG KONG, CHINA - OCTOBER 27: Guests look at...Image by Getty Images via Daylife
Week in review: Tough times ahead for tech? | Business Tech - CNET News

If the crash of wall street have this impact to IT, does it mean that the business model of IT industry is still like the dot com age. That is, make money by IPO instead of create benefit for its client


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