... 9 Fixing Global Finance 1 The Unfolding of Global Financial Crisis Since 2008, the world economy is in the midst of a severe crisis. The housing mar... .... Due to financial interconnectedness, the turmoil that began in September 2008 with the collapse of Lehman Brothers and other Wall Street banks quick... ... even higher. More than 100 mortgage lenders went bankrupt during 2007 and 2008. The non-depository investment banks and hedge funds, also continued o... ...National Wealth Fund in 2008. Other developing countries including Brazil, Bolivia, India, Japan and Thailand have also expressed interest in setting ... ...o own more assets than hedge funds and private equity. But this comparison misses an important point: both hedge funds and private equity are heavily ... ... higher current account surpluses and strong basic commodity exports – are missing in France. Should India Establish a SWF? Since 2006, the Indian gov... ...e wider context of several Latin American countries (such as Venezuela and Bolivia), Russia and China increasing state control over strategic resource... ...ng the financial crisis, the cross-border information sharing was squarely missing among the supervisory bodies of home and host countries. The Import...

...backlash is further exacerbated by the haughty hectoring of the ubiquitous American missionaries of the "free-market-cum-democracy" church. America... ...sts are introverted and schizoid. Theirs is siege mentality. Interventionists are missionary. They feel omnipotent and invincible. They are extrov... ... Americans' religion is a manifestation of their "Chosen People Syndrome". They are missionary, messianic, zealous, fanatical, and nauseatingly self... ...ty and future of the likes of Ukraine, Serbia, and Moldova, Indonesia, Mexico, and Bolivia. Worse still, the West has transformed the ideal of dem... ...e further restrictions placed on civil and human rights in Patriot Acts III and IV (2008), and, finally, the nuclear terrorist attack on Houston in ... ...ist attack on Houston in the closing days of this divisive reign. The attempt in 2008 to "indefinitely postpone" the presidential elections by im... ...mainly China, Japan and South Korea - as growth markets for its energy products. By 2008 or 2010, Russia plans to sell 20-30 billion cubic meters a ...