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Today a global economic crisis is not bad dream but reality. But actually it is not so terrifying deals for some companies that provide computing service. For instance computing service providers are expecting the current economic crisis is able to catalyze Asian companies to adopt their services, zdnetasia.com reports.

Horst Iblher, director of sales support and service management at T-Systems told ZDNet Asia, the German ICT provider is receiving increasing interest in the region in its leased computing platform service. While Asia lags behind Europe and the United States in its rate of adoption of utility computing, Iblher said this is picking up speed “especially in economically-troubled times”.

“The rate of take-up for utility computing is significantly higher in Asia, albeit coming from a lower base,” he said.

The Summit Global Agenda taken place in Dubai on 7-9 November is a new, unique gathering of the world’s most influential thinkers embraced leaders from academia, business, government and society. Its purpose is to advance solutions to the most critical challenges facing humanity. So, “Biggest ever brainstorming on the global agenda” ends with call for “fundamental reboot’

The world needs to examine the basic operating systems that drive its economies, markets and societies and aim for a “fundamental reboot” to establish a fresh platform based on renewed confidence and trust, and on sustainability, responsibility and ethical principles. That was the over-arching message that 700 of the world’s top thought leaders from business, government, academia and civil society delivered at the end of the inaugural Summit on the Global Agenda, convened by the World Economic Forum in partnership with the Government of Dubai.

There is discussion fool of heated and very different arguments about the role of Press in a share in financial crisis.

Washington Post media critic Howard Kurtz noted:

“The shaky house of financial cards that has come tumbling down was erected largely in public view: overextended investment banks, risky practices by Fannie Mae and Freddie Mac, exotic mortgage instruments that became part of a shadow banking system. But while these were conveyed in incremental stories — and a few whistle-blowing columns — the business press never conveyed a real sense of alarm until institutions began to collapse.” Read MORE HERE!

And U.S. News editor Brian Kelly wondered:

“Yet it’s fair to ask if we, and our colleagues in the media, did enough soon enough. Lots of stories get written every week, but were we making it clear that something truly unusual was building? And what about reinforcing the common-sense notion that markets do not rise forever? Of course, if you give us the benefit of the doubt and think we hit the right notes, did any of the warnings even matter?”

The question is – did media miss the financial crisis?
It looks that sometimes better late than never, but however if an economists and economic experts were unable to recognize a $10 billion stock bubble, there is little reason to believe them.

You want to become a millionaire? You think this is difficult? Not at all! You might think I’m in jest? I say you again – not at all! The truth of life is all what you really want will come true sooner or later and that is the exact. Just start to crave for something trying to do all your best for getting that then you will be convinced I’m right. Just start! Also don’t forget to use some simple rules on the way:
1. Saving (saving, saving and saving is the most important thing)

2. Save more!

3. Watch Your Spending

4. Get Aggressive in achievement of your goal. It means a lot of study, discipline, diligence and passion.

5. Be smart, creative, mobile and what is important be prepare for rainy days.

That’s all. It’s easy, isn’t it?

According AP hundreds of angry Renault workers and other protesters have stormed a Paris car show to register their discontent about expected job cuts at the French automaker and restructuring in the industry.

Blaring horns and setting off firecrackers, the demonstrators showered union leaflets on prototype cars and unfurled banners as police kept watch at the Mondial de l’Automobile auto show.

Renault management last month announced 6,000 job cuts in Europe _ or about five percent of its total work force _ in hopes of keeping the automaker competitive and ensuring its long-term development.

Protesters said some 5,000 people took part, though police put the number at around 2,400.

The Virtual Finance Library is an absolutely free resource that Ohio State’s Department of Finance provides not only to academia and investors alike but to everybody who wants to learn more about finance and economics as well. This is really one of the best financial resources avaiable on the Internet. Also you will find there a tonns of very usefull information such as updated market news, holt’s stock market reports, daily fixed income market comments and more.

After a week of wrangling on Friday a far-reaching and historic plan to bail out the nation’s financial system was passed, CNN Money reports.

The vote for passage of the Senate-amended bill – 263 to 171 – was the result of strong lobbying on the part of the White House and other supporters of the bill all week, following the House defeat of a similar measure on Monday – a defeat that shocked the markets and congressional leaders on both sides of the aisle.

“By coming together on this legislation, we have acted boldly to prevent the crisis on Wall Street from becoming a crisis” that hurts the broader economy, said President Bush.

Bush said he would sign the bill as soon as gets it.
According to preliminary numbers, 172 Democrats voted in favor of the bill while 62 opposed it; and 91 Republicans voted for it and 108 voted against it.

“We came together to deliver this decisive victory for the American people,” Rep. Jim Clyburn, D-S.C.

Last Updated: Thursday, 09 October, 2008, 14:31 GMT 15:31 UK

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