Headline August07, 2014

SAY : ''' SAM TRUST BANK "' : 


THE HOUR  -may soon be upon you all, to think and rethink your commitment to the mission of  !WOW!   -the World Students Society Computers-Internet-Wireless.

For every student in the world,  all life issues, all education governing issues, lie at  difficult intersections, some even at moral intersections. But, but, also Juxtaposing the dire need-

'' To protect the present students.''

In the years ahead, manufacturing countries are going to grow stronger and stronger; buying and consuming countries weaker, and weaker.

The developing world is going to really have it!   Simply and squarely. They can't even reduce, anytime soon, say, next 2 decades, even their imports. The developing  economies will remain hostage to competing miseries, uncertainties, debt and negligible growth.

So, untold sufferings will unfold. . Wisdom, therefore is, to astutely figure out a way forward. We must endeavour to avoid the insidious charms of carefree attitudes.

 With the growing urgency of  this in mind, the samurai, and on behalf of the students of the world,  I request:

1.Technologist Amin Malik, Saint Mary's And Worcester College 

2. Dr M.Jawaid Khan: Convent, Saint Mary's, Aitcheson,  University of Virginia, University of California, to plan and figure on the:

''Reconciliation Of The Total Optima'' of the subject matter and need, by 31st December, 2014.
The guiding message for both of you is simple : Great men must  balance pragmatism with true belief.

It is not mere America's financial history that matters, either. Stanley Fisher, governor of Israel's central bank between  2005 and  2013, says he found economic history including:

Walter Bagehot's famous rule  -to provide generous amount of cash to troubled banks, but to charge them for it) useful to combat the 2008 crisis.

This material had long fallen off the syllabus in most universities before the crash.

A new group of teachers is now listening. Led by Wendy Carlin, an economist at the University College London, they are designing a new university level curriculum.

The project which aims to launch for the  2104-15  academic year, will change things in a number of ways.

Students views are being heeded, with outfits like  Rethinking Economics, a London based Student outfit, given the chance to comment on the new curriculum.

It is also plugged in to the world of policy. A conference to launch Ms Carlin's project, held on November 11th last, was held at HM Treasury, and included economists from the Bank of England.

From Bloomsbury to Bangalore.......It will also be more international. Before the crash, students would graduate with little knowledge of any economy other than America's. The academic contributor's to Ms Carlin's project are spread across the  nine countries:

Including emerging markets like Chile, Colombia, India and Russia. They have learned  Hick's lesson on presentation, with smart looking on-line materials being designed by  Azim Premji University in Bangalore.

No one following the course will have to buy expensive books: the materials will be distributed to university departments without charge.

All this is possible because of another big change in British economics. Ever since Britain's post-Keynesian heyday in the 1950s-

A steady stream of economists have moved to America, in part tempted by the higher salaries there, but the cash constraint is easing as hedge funds pump cash into the subject.

Brevan Howard, a hedge fund with assets  $40 billion, has found a new financial stability research centre at Imperial College.

On November  11th, it announced that Allen and Douglas Gale, professors at Wharton Business School and New York  University respectively will be co-heads.

The brain drain may be starting to reverse. 

Ms Carlin's project has benefited from hedge fund money too, with cash coming from the Institute for New Economic Thinking (INET)-

A think-tank set up by George Soros, an investor, in 2009.

INET now funds  $4m  in economics projects per year, including a new research centre at Oxford University.

Keynes too was an active investor who thought that the role of economics was to protect the good things in life  -music, art and intellectual life.

He would have thoroughly approved.

With respectful dedication to the Students, Professors and Teachers of the world. See Ya all on !WOW!  -the World Students Society Computers-Internet-Wireless:

''' A Golden Opportunity "'

Good night and God bless!

SAM Daily Times - The Voice of the Voiceless


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