August 2011. Crisis of globalization?
(Reuters) – The crises at the heart of the international financial and political system go beyond the debt woes currently gripping the Western world and to the heart of the way the global economy has been run for over two decades.
http://www.reuters.com/article/2011/08/08/us-analysis-debt-crisis-idUSTRE77726Z20110808
Violence has broken out for a third consecutive day in London, with riot police deployed and firefighters tackling blazes across the capital.
http://www.bbc.co.uk/news/uk-england-london-14450248
The main US share index, the Dow Jones, has closed down 5.6%, despite US President Barack Obama moving to try to reassure investors.
http://www.bbc.co.uk/news/business-14451687
World stock markets plunge over US rating cut
http://www.rte.ie/news/2011/0808/economy.html
Volatility on bond markets is set to continue despite a fall in the price being charged to buy Spanish and Italian debt.
The European Central Bank’s decision to buy the two countries’ bonds brought some stability to the bond markets today.
http://www.rte.ie/news/2011/0808/ecb-business.html
Matthew effect?Open “Civilizationism project” as PDF document
In sociology, the Matthew effect (or accumulated advantage) is the phenomenon where “the rich get richer and the poor get poorer” (source: wikipedia.org).
