MAD ushers in an era of hope – with their latest hopeless issue! This is their tribute to President Obama by examining what the crowd was thinking during his inauguration – and taking a look at the first 100 minutes of his presidency! Funny Stuff!
This is full transcript of United States President Barack Obama’s interview with al-Arabiya Television- his first TV interview.
Here is a copy of the letter that was sent to Obama and was reminded again after he was inaugurated. Effective crisis management solutions must address fundamental causes rather than symptoms. Among the many causes of the crisis are government credit-allocation schemes that distort incentives and adversely affect the function of markets while undermining the effectiveness of private and government supervision. As in this case, such incentive distortions eventually produce financial crisis.
This question is starting to get debated by robot designers and toymakers. With advanced robotics becoming cheaper and more commonplace, the challenge isn’t how we learn to accept robots—but whether we should care when they’re mistreated. And if we start caring about robot ethics, might we then go one insane step further and grant them rights?
First, the science: The brain is hardwired to assign humanlike qualities to anything that somewhat resembles us. A 2003 study found that 12-month-olds would check to see what a football-shaped item was “looking at,” even though the object lacked eyes. All the researcher had to do was move the item as if it were an animal and the infants would follow its “gaze.” Adults? Same reaction.
Despite Twitter’s success in the U.S., the three-year-old company’s service hasn’t caught on in Europe. According to Twitter’s search tool, Twitter Scan, there is one account under Tesco, the U.K.’s largest retailer, but it has only one outside comment so far. The same goes for financial services firm HSBC, which has 18 followers but no status updates.
Most European companies haven’t even heard of Twitter, and some might think it’s a time waster. A spokeswoman for energy firm Total says that Chief Executive Christophe de Margerie has no idea what Twitter is. British Telecom says it doesn’t have a Twitter account and doesn’t plan to open one. Nestle’s communications manager says using Twitter “just never came up within the group strategy.” In general, experts say Europeans don’t latch on to new social networking technologies as quickly as Americans.
On the eve of Barack Obama’s inauguration as president of the United States, Wharton finance professor Richard J. Herring discussed with Knowledge@Wharton some of the advice offered to the new chief executive by the Shadow Financial Regulatory Committee, a group of economists, former regulators and lawyers, of which Herring is a co-chair.
In an open letter to Obama, the committee suggested that the government should quickly extract itself from the investments it made to rescue the financial system and devise a new regulatory framework for preventing future crises.
Chief Justice John Roberts delivered the oath to Obama on Wednesday night at the White House — a rare do-over. The surprise moment came in response to Tuesday’s much-noticed stumble, when Roberts got the words of the oath a little off, which prompted Obama to do so, too.
Evidence that the banking crisis is worsening overseas also rattled investors. On Monday, the Royal Bank of Scotland forecast a loss of $41.3 billion in 2008, leading the British government to increase its stake in RBS to nearly 70 percent and launch a new round of bailouts for the country’s banking industry.
The full transcript of Barack H. Obama, 44th President to be inaugurated in the USA.
U.S. Federal Reserve chairman Ben Bernanke says the plan proposed by President-elect Barack Obama should provide the economy with a “significant boost.” But he also warns the government must take strong steps to reform the financial system.
During a speech at the London School of Economics Tuesday, Bernanke also warned that the timing and strength of a global economic recovery are still “highly uncertain.”
He said the financial crisis has shown that the world is too interconnected for nations to “go it alone” in economic, fiscal and regulatory policies.
Meanwhile, the U.S. government says the country’s trade deficit plunged to its lowest level in five years in November as oil prices fell and consumers cut back on spending.
The government report says U.S. imports fell by 12 percent, with imports from China dropping by the largest amount on record.
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