Here is an interesting comment on the current recession in USA: Dr. Marc Faber concluded his monthly bulletin (June 2008) with the following:
''The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline, it goes to the Arabs. If we buy a computer, it will go to India. If we purchase fruit and vegetables, it will go to Mexico, Honduras and Guatemala. If we purchase a good car, it will go to Germany . If we purchase useless crap, it will go to Taiwan and none of it will help theAmerican economy. The only way to keep that money here at home, is to spend it on prostitutes and beer, since these are the only products still produced in the US."
Angel Lam
- Angel Lam
- Singapore
- Angel holds a degree in Communication from Monash University, Melbourne, Australia with specializations in Journalism and Psychology. She entered the United Nations system as the Communications Associate of the Malaysia country office, where she formulated and implemented media strategies on international development issues relating to integrity and transparency, democratic governance, environment, HIV/AIDS, poverty reduction and South-South cooperation, as well as gender issues and the Millennium Development Goals. Angel also worked on several development projects on Afghanistan, particularly in reviving its dried fruits industry through modern agro-processing methodologies, and in encouraging foreign direct investment to the reconstruction of Afghanistan, for which she championed while at the Afghanistan Investment Support Agency, the investment arm of the Government of Afghanistan. She is currently a recipient of the Lee Kuan Yew Postgaduate Scholarship at the LKY School of Public Policy, the political science arm of the National University of Singapore, where her work and research in international development and poverty alleviation continues.