ClubOrlov: Social Collapse Best Practices
http://cluborlov.blogspot.com/2009/02/social-collapse-best-practices.html

Frightening look into the future of a social collapse in the US (and by extension other western countries) based on the experiences of the Russian collapse.

save

Hmmm. Trying not to panic.

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The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. This project was completed as part of my thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California. For more on my broader thesis work exploring the use of new media to make sense of a increasingly complex world, visit my website here. or email me at: jonathan.jarvis@gmail.com

This short ten-minute video conveys the essentials of how the credit crisis occurred. It's a great example of information that is be explained using the smallest amount of words and images. It takes something both large and complex and personalizes/simplifies it for the lay audience. If you're looking for tips when putting together a presentation for non-scientists, this is a great resource to look toward for inspiration.

The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated.

The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. This project was completed as part of my thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California. For more on my broader thesis work exploring the use of new media to make sense of a increasingly complex world

Great little animation that explains why the credit markets have frozen.

The Short and Simple Story of the Credit Crisis. Crisisofcredit.com The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. This project was completed as part of my thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California. For more on my broader thesis work exploring the use of new media to make sense of a increasingly complex world, visit jdjarvis.com.

Astute, approachable, and just plain pretty animated explanation of our current economic situation. Oh, and did I mention INCREDIBLY FRIGHTENING!? Once you realize how simple, and thus fundamental, the underlying problems are, it becomes very difficult to believe in a quick or easy fix. Now, back to stuffing my remaining cash into my mattress...

What do you do if you don't have the money to pay a debt? If you are like most of us, you borrow. The US Government is no different. In order to pay for the $700 billion bailout, it will have to borrow more money, increasing the national debt. But who will pay for this massive bailout? If you are a US taxpayer, you will. Here is a visual guide to understanding how the bailout is funded and a couple of financial experts take on how it could be funded.

What do you do if you don’t have the money to pay a debt? If you are like most of us, you borrow. The US Government is no different. In order to pay for the $700 billion bailout, it will have to borrow more money, increasing the national debt. But who will pay for this massive bailout? If you are a US taxpayer, you will.

A nice graphic showing how the Bailout is being funded

The Nobel winning formula

Great explanation of the credit crisis...

The Short and Simple Story of the Credit Crisis. By Jonathan Jarvis.

Information and Aesthetic. Nice.

By Felix Salmon at Wired Magazine, February 23, 2009.

to understand the financial world crisis

The indispensable Michael Lewis reports from Reykjavík on the de facto bankruptcy of Iceland. An amazing story: the country's currency is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance. This was the result of a collective madness stunning even by US standards of financial insanity. Lewis asks how a 300,000 person fishing nation with one of the highest living standards in the world managed to turn itself into a national hedge fund? Lewis reports on an inbred country where, among other things, the men are largely nuts and the women seem to have completely given up on them, The result is the first lesbian head of state, an all-female political party, and the nation's only profitable bank run entirely by women. Like most of what Lewis writes about the intersection of people and large sums of money, this is another "drop whatever else you are doing and read this" article.

on the financial meltdown ef Iceland

Iceland's collapse. "One of the distinctive traits about Iceland’s disaster, and Wall Street’s, is how little women had to do with it."

"Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance—resulted from a stunning collective madness. What led a tiny fishing nation, population 300,000, to decide, around 2003, to re-invent itself as a global financial power? In Reykjavík, where men are men, and the women seem to have completely given up on them, the author follows the peculiarly Icelandic logic behind the meltdown. "

Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance—resulted from a stunning collective madness. What led a tiny fishing nation, population 300,000, to decide, around 2003, to re-invent itself as a global financial power? In Reykjavík, where men are men, and the women seem to have completely given up on them, the author follows the peculiarly Icelandic logic behind the meltdown.

Sprekende foto's over de financiele crisis

Another great entry from The Big Picture. #30: Unused newspaper racks clutter a storage yard.

"Oh, look. Here's the jerk who wrote the code that broke everything. A confession."

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.

But I must tell you, to IMF officials, all of these crises looked depressingly similar. Each country, of course, needed a loan, but more than that, each needed to make big changes so that the loan could really work. Almost always, countries in crisis need to learn to live within their means after a period of excess—exports must be increased, and imports cut—and the goal is to do this without the most horrible of recessions. Naturally, the fund’s economists spend time figuring out the policies—budget, money supply, and the like—that make sense in this context. Yet the economic solution is seldom very hard to work out. No, the real concern of the fund’s senior staff, and the biggest obstacle to recovery, is almost invariably the politics of countries in crisis. Typically, these countries are in a desperate economic situation for one simple reason—the powerful elites within them overreached in good times and took too many risks. Emerging-market governments and their private-sector

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises.

"In its depth and suddenness, the U.S. economic and financial crisis is shockingly reminiscent of moments we have recently seen in emerging markets (and only in emerging markets): South Korea (1997), Malaysia (1998), Russia and Argentina (time and again). In each of those cases, global investors, afraid that the country or its financial sector wouldn’t be able to pay off mountainous debt, suddenly stopped lending. And in each case, that fear became self-fulfilling, as banks that couldn’t roll over their debt did, in fact, become unable to pay."

A former head of the IMF offers an insightful and alarming look at how the United States has been hijacked by a cabal of rotten financiers.

The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Moyers sits down with William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of what went wrong and his critique of the bailout

Now Black is focused on an even greater scandal, and he spares no one — not even the President he worked hard to elect, Barack Obama. But his main targets are the Wall Street barons, heirs of an earlier generation whose scandalous rip-offs of wealth back in the 1930s earned them comparison to Al Capone and the mob, and the nickname "banksters."

The former Director of the Institute for Fraud Prevention now teaches Economics and Law at the University of Missouri, Kansas City. During the savings and loan crisis, it was Black who accused then-house speaker Jim Wright and five US Senators, including John Glenn and John McCain, of doing favors for the S&L's in exchange for contributions and other perks. The senators got off with a slap on the wrist, but so enraged was one of those bankers, Charles Keating — after whom the senate's so-called "Keating Five" were named — he sent a memo that read, in part, "get Black — kill him dead." Metaphorically, of course. Of course. Now Black is focused on an even greater scandal, and he spares no one — not even the President he worked hard to elect, Barack Obama. But his main targets are the Wall Street barons, heirs of an earlier generation whose scandalous rip-offs of wealth back in the 1930s earned them comparison to Al Capone and the mob, and the nickname "banksters."

video from jonas' recomendation

In large corporations, almost everything new is impossible. Try to do anything new, and typically you are met with dozens of reasons why it can’t be done. As a consultant (which I was throughout my time in the corporate world), however, you’ve been hired to get something specific done, so you don’t get to echo the “it can’t be done” line back to your client. Your job is, effectively, to do the impossible.

10 principles to rebuild on.

1. What is fragile should break early while it is still small. Nothing should ever become too big to fail. 2. No socialisation of losses & privatisation of gains. 3. People who were driving a school bus blindfolded (& crashed it) should never be given a new bus. 4. No incentives without disincentives: capitalism is about rewards and punishments, not just rewards. 5. Complexity from globalisation and highly networked economic life needs to be countered by simplicity in financial products. The complex economy is already a form of leverage: the leverage of efficiency. 6. Complex derivatives need to be banned because nobody understands them and few are rational enough to know it. 7. Governments should never need to “restore confidence”. 8. Using leverage to cure the problems of too much leverage is not homeopathy, it is denial. 9. Citizens should not depend on financial assets or fallible “expert” advice for their retirement. 10. we will have to remake the system before it does so itself"

Taleb k současné krizi

2. No socialisation of losses and privatisation of gains. Whatever may need to be bailed out should be nationalised; whatever does not need a bail-out should be free, small and risk-bearing. We have managed to combine the worst of capitalism and socialism. In France in the 1980s, the socialists took over the banks. In the US in the 2000s, the banks took over the government. This is surreal.

Clever words. Web Crisis Management 101

Thanks to Twitter, Facebook and YouTube, the voices of all sorts of critics are amplified online. So what's a marketer to do when an online firestorm erupts?

Six tips for future amazons and domino's

Great foresight from the guy who tried to beat the poker pros

While the nation's lenders ran amok during the boom, Andy Beal hoarded his money. Now he's cleaning up - with scant help from Uncle Sam.

Andy Beal, a 56-year-old, poker-playing college dropout, is a one-man toxic-asset eater--without a shred of government assistance. Beal plays his cards patiently. For three long years, from 2004 to 2007, he virtually stopped making or buying loans. While the credit markets were roaring and lenders were raking in billions, Beal shrank his bank's assets because he thought the loans were going to blow up. He cut his staff in half and killed time playing backgammon or racing cars. He took long lunches with friends, carping to them about "stupid loans." His odd behavior puzzled regulators, credit agencies and even his own board. They wondered why he was seemingly shutting the bank down, resisting the huge profits the nation's big banks were making. One director asked him: "Are we a dinosaur?"

Author of mortgage backed security software.

http://www.printthis.clickability.com/pt/cpt?action=cpt&title=My+Manhattan+Project&expire=&urlID=35003522&fb=Y&url=http%3A%2F%2Fnymag.com%2Fnews%2Fbusiness%2F55687%2F&partnerID=73272--- manhanttan ManhattanProject

My Manhattan Project How I helped build the bomb that blew up Wall Street.

I have been called the devil by strangers and “the Facilitator” by friends. It’s not uncommon for people, when I tell them what I used to do, to ask if I feel guilty. I do, somewhat, and it nags at me. When I put it out of mind, it inevitably resurfaces, like a shipwreck at low tide. It’s been eight years since I compiled a program, but the last one lived on, becoming the industry standard that seeded itself into every investment bank in the world.

financial crisis: You have a dog, and I have a cat. We agree that they are each worth a billion dollars. You sell me the dog for a billion, and I sell you the cat for a billion. Now we are no longer pet owners, but Icelandic banks, with a billion dollars in new assets. "They created fake capital by trading assets amongst themselves at inflated values,"

You can in fact calculate it, easily. The 100 customers each have a 3% chance of defaulting, so you expect three customers to default next year. That is, you will need to pay $3 million next year. Assuming the interest rate is about 3% each year, next year's $3 million would be worth 3/(3/100+1)=3/1.03=2.91 million now. Therefore HSBC will have to pay you at least $2.91 million for the insurance. Obviously Lehman Brothers wasn't a charity and so, to make money, they would double the price to $5.82 million and expect to make $2.91 million out of each of these deals on average. This kind of insurance is called a credit derivative swap (CDS).

Almost a year after A.I.G.’s collapse, despite a tidal wave of outrage, there still has been no clear explanation of what toppled the insurance giant. The author decides to ask the people involved—the silent, shell-shocked traders of the A.I.G. Financial Products unit—and finds that the story may have a villain, whose reign of terror over 400 employees brought the company, the U.S. economy, and the global financial system to their knees.

The author decides to ask the people involved—the silent, shell-shocked traders of the A.I.G. Financial Products unit—and finds that the story may have a villain, whose reign of terror over 400 employees brought the company, the U.S. economy, and the global financial system to their knees.

Following are excerpts from a symposium on the economic crisis presented by The New York Review of Books and PEN World Voices at the Metropolitan Museum of Art on April 30. The participants were former senator Bill Bradley, Niall Ferguson, Paul Krugman, Nouriel Roubini, George Soros, and Robin Wells, with Jeff Madrick as moderator.

By Bill Bradley, Niall Ferguson, Paul Krugman, Nouriel Roubini, George Soros, Robin Wells et al.

Excerpts from a symposium on the economic crisis presented by The New York Review of Books and PEN World Voices at the Metropolitan Museum of Art on April 30. The participants were former senator Bill Bradley, Niall Ferguson, Paul Krugman, Nouriel Roubini, George Soros, and Robin Wells, with Jeff Madrick as moderator.

"We're getting to a point if you're not responding, you're not being seen as an authentic type of brand," says Mr. Brown.

A growing number of businesses are tracking social-media outlets such as Facebook and Twitter to gauge consumer sentiment and avert potential public-relations problems. Ford Motor Co., PepsiCo Inc. and Southwest Airlines Co., among others, are deploying software and assigning employees to monitor Internet postings and blogs. They're also assigning senior leaders to craft corporate strategies for social media.

FOR BLOG POST: Les cas d'une veille réussie

wing number of businesses are tracking social-media outlets such as Facebook and Twitter to gauge consumer sentiment and avert potential public-relations problems.

They can’t make any decisions, because they don’t know what they want, and they don’t know what they want because they don’t know who they are, and they don’t know who they are because they’re allowed to be anyone they want.

been thinking about this since moving back to sf — this quote is nice, and not just for guys: " 'And that you’re never going to have any fun again, because you have to work. You’re never going to have sex again because you’re going to get married. Your life is over.' So why bother? Literal and figurative fucking around is infinitely more appealing to men who are still sorting out what they want their lives to look like."

I wish I didn't appreciate this, but I can't help it.

An interesting article on how many 20-somethings see the world.

Tongue in cheek Beschreibung der Lebensverhältnisse junger PhD und schlimmerer Versager.

Definitely one to read if you're twenty-something and less than content.

"'Globalisation and shipping go hand in hand. Worldwide, we ship about 8.2 billion tons of cargo a year. That's more than one ton per person and probably two to three tons for richer people like us in the West. If the total goes down by five per cent or so, that's a lot of cargo that isn't moving.'" (Source: Daily Mail)

Snow crash is coming.

Sign of the recession anchored off Singapore

Incredible.

couple of years ago these ships would be steaming back and forth. Now 12 per cent are doing nothing

ghost fleet of the recession anchored just east of Singapore, Close to 500. An armada of freighters with no cargo, no crew. last year, an Aframax tanker capable of carrying 80,000 tons of cargo would cost £31,000 a day ($50,000). Now it is about £3,400 ($5,500)

"Wall Street has turned the economy into a giant asset-stripping scheme, one whose purpose is to suck the last bits of meat from the carcass of the middle class".

The SEC's halfhearted oversight didn't go unnoticed by the market. Six months after Bear was eaten by predators, virtually the same scenario repeated itself in the case of Lehman Brothers — another top-five investment bank that in September 2008 was vaporized in an obvious case of market manipulation. From there, the financial crisis was on, and the global economy went into full-blown crater mode.

ant. Under what became known as the "options market maker exception," the SEC permitted a market maker to sell shares whether or not he had them or could find them right away. In theory, this made sense, since delaying the market maker from selling to offset a big buy order could dry up liquidity and slow down trading. But it also created a loophole for naked short-sellers to kill stocks easily — and legally. Take Bear Stearns, for example. Say the stock is trading at $62, as it was on March 11th, and someone buys put options from the market maker to sell $1.7 million in Bear stock nine days later at $30. To offset that big trade, the market maker might try to keep his own portfolio balanced by selling off shares in the company, whether or not he can locate them. But here's the catch: The market maker often sells those phantom shares to the same person who bought the put options. That buyer, after all, would love to snap up a bunch of counterfeit Bear stock, since he can driv

Naked short-selling, and how it brought down Bear Stearns (well, that and their ludicrous debt-to-asset ratio).

Era el mejor de los tiempos, era el peor de los tiempos, la edad de la sabiduría, y también de la locura; la época de las creencias y de la incredulidad; la era de la luz y de las tinieblas; la primavera de la esperanza y el invierno de la desesperación". Así arranca la novela <i>Historia de dos ciudades,</i> de Charles Dickens, el periodista más famoso de todos los tiempos. La trama del libro, escrito en 1859, se desarrolla durante la Revolución Francesa. Dickens, que trabajó en media docena de periódicos, podría haber escrito las mismas palabras hoy sobre la revolución de Internet. La irrupción de la <i>world wide web</i> en el antiguo imperio del periodismo ha provocado incertidumbre y confusión, sin que nadie tenga muy claro si la toma de esta Bastilla debe de ser motivo de esperanza o de desesperación. El consenso sólo existe alrededor de una gran contradicción: que vivimos en el mejor de los tiempos para el periodismo, y también en el peor.

La crisis económica y la revolución de Internet ponen duramente a prueba la industria periodística. Nadie sabe qué va a ocurrir, pero cada vez hay más lectores y los expertos creen en el futuro del periodismo

Tiempos a ser vividos apasionada y creativamente.

Descrita pelo Träsel como "a melhor reportagem até o momento sobre o mercado de jornalismo atual e futuro. De Clay Shirky a Rupert Murdoch, a opinião de todos os grandes pensadores e empresários foi incluída." Ler!

Especial sobre o futuro do jornalismo

para entender cual es la dinamica de la prensa en el mundo

financial crisis

Great article -- recommended by Jeremy Shapiro. One part of the argument: the fallacy of the belief in diversification and complexity.

Very interesting article about the causes of the current crisis.

By Jerry Z. Muller Thursday, January 29, 2009 Major recessions are characterized by something novel. Opacity and pseudo-objectivity created the crisis today.

The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point.

EMU - european monetary union

"There are accidents waiting to happen across the region, but the EU institutions don't have any framework for dealing with this. The day they decide not to save one of these one countries will be the trigger for a massive crisis with contagion spreading into the EU."

Brazil lost 650K jobs in 1 mo - Jan apparently??? how

For years Dr Doom toiled in relative obscurity as a NYU economics professor under his alias, Nouriel Roubini. But after making a series of uncannily accurate predictions about the global meltdown, Roubini has become the prophet of his age, jetting around the world dispensing his advice & latest prognostications to politicians & businessmen desperate to know what happens next – and for any answer to the crisis. Most other economists scoffed at Roubini & his predictions of imminent disaster. They dismissed his warnings that the sub-prime mortgage disaster would trigger a financial meltdown & that the investment banks would be crushed as the world headed for a long recession. Yet all these predictions & more came true. Few are laughing now.

Nouriel Roubini

a Cassandra

As stock markets headed off a cliff again last week, closely followed by currencies, and as meltdown threatened entire countries such as Hungary and Iceland, one voice was in demand above all others to steer us through the gloom: that of

WSJ article that has one part of the housing collapse that I hadn't heard before. Apparently inflation data that gets reported and looked at by the Fed and other regulators doesn't include home prices, it includes rental prices. Since the housing bubble was driven by mortgages, rents didn't spike nearly as much home prices. Had a truer picture of inflation been reflected in the numbers regulators been looking at the rate would have been double what was reported and likely regulators would have had to act in some way.

A great piece on the differences between the housing crash and the dot com bubble.

WSJ.com | Bubbles have been frequent in economic history - Steven Gjerstad and Vernon Smith explain why the housing crash ruined the financial system but the Dot-com collapse did not

fantastic wsj essay on formation of bubbles, experimental economics

In terms of its social media presence, Domino's Pizza gets a lot of things right. It has a YouTube Channel, a Twitter account, and both a Facebook and MySpace profile. What Domino's could not plan for, however, was that two of its employees at a North Carolina franchise would use YouTube to broadcast a rather disgusting video that would severely damage the company's brand. Since the video first appeared, Domino's has quickly stepped up its social media presence in order to regain some positive momentum.

Domino's: How One YouTube Video Can Ruin a Brand http://tinyurl.com/cnu2ms [from http://twitter.com/AdNerds/statuses/1540990281]

The Economist

everyone seems to be viewing this as horrific, i don't see it. adjusting your economic approach to a given economy is inevitable, and prudent. am i missing something?

"Among the projects whose future is uncertain are Google Notebook, a site for storing and taking notes on Web pages, and Google Audio Indexing, which allows users to search for phrases within online video footage of politicians, say people familiar with the matter."

Until last month, the clock had enough digits to measure US debt levels The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiralling figure.

The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiralling figure. The digital counter marks the national debt level, but when that passed the $10 trillion point last month, the sign could not display the full amount.

US debt clock runs out of digits

BBC News

"In the first year of the current bear market, the market has fallen more steeply than it did during the first years of Great Depression's bear markets. After adjusting for inflation, stocks are more than 40 percent lower than they were at their 2007 high (and more than 50 percent lower than their 2000 high)."

As a white-collar criminologist and former financial regulator much of my research studies what causes financial markets to become profoundly dysfunctional. The FBI has been warning of an "epidemic" of mortgage fraud since September 2004. It also reports that lenders initiated 80% of these frauds.1 When the person that controls a seemingly legitimate business or government agency uses it as a "weapon" to defraud we categorize it as a "control fraud" ("The Organization as 'Weapon' in White Collar Crime." Wheeler & Rothman 1982; The Best Way to Rob a Bank is to Own One. Black 2005). Financial control frauds' "weapon of choice" is accounting. Control frauds cause greater financial losses than all other forms of property crime -- combined. Control fraud epidemics can arise when financial deregulation and desupervision and perverse compensation systems create a "criminogenic environment" (Big Money Crime. Calavita, Pontell & Tillman 1997.)

always one step ahead ; http://www.ft.com/cms/s/0/49b1654a-ed60-11dd-bd60-0000779fd2ac.html?nclick_check=1

"By contrast, Soros sees the current crisis as a real-life illustration of reflexivity. Markets did not reflect an objective “truth”. Rather, the beliefs of market participants – that house prices would always rise, that an arcane financial instrument based on a subprime mortgage really could merit a triple-A rating – created a new reality. Ultimately, that “super-bubble” was unsustainable, hence the credit crunch of 2007 and the recession and financial crisis of 2008 and beyond."

columbia revamping its curriculum

compares Columbia's attempt to move from more traditional approach to journalism education with CUNY's focus on digital journalism as "single ray of hope on an otherwise dark media horizon"

Beginning in August, Columbia will offer a revamped, digitally focused curriculum designed to make all students as capable of creating an interactive graphic as they are of pounding out 600 words on a community-board meeting. The force behind the change is former WSJ.com managing editor Bill Grueskin, the school’s new dean of academic affairs. Grueskin wants to make multimedia skills and storytelling mandatory via the school’s core course, RW1, shorthand for “Reporting and Writing 1,” which has, since its inception in the early seventies, stuck to very traditional lessons in beat reporting and on-deadline news writing. "But the push for modernization has also raised the ire of some professors, particularly those closely tied to Columbia’s crown jewel, RW1. “Fuck new media,” the coordinator of the RW1 program, Ari Goldman, said to his RW1 students on their first day of class, according to one student."

blah blah blah blah Columbia wants to teach beter journalis, butecause they suck right now

Comment 42: William: "That, and our economy runs on paper money that the world doesn't accept as currency due to no gold standard. See the financial reasons for war in Iraq and Iran being next due to both economies no longer accepting US Dollars as main trade currency, instead switching to the Euro for its more stable fluctuation in value. When the US buys, the US prints, thus inflating their own economy, essentially taking it out on US citizens, and devaluing the money the foreign sellers recieve. They get tired of taking $9.50 worth of bills at which time of agreement was worth $10; in which time we declare them an international threat and takeover their government to re-establish the dollar as currency to maintain the image in the world. One large economic nation such as China or India stopping trade in US Dollars and our economy is finished." -- Basically

When most people think about the advantages of using social media for business, they immediately think of the marketing benefits. However, many businesses are starting to use social media as a tool for listening and providing customer service. When a crisis or emergency erupts, the power of social media can be an amazing tool for businesses. A crisis can include anything from a simple website outage to negative publicity. This article will reveal how to use social media during a crisis and provide many examples you can model.

RT @pattyschinzing: How to Use Social Media for Crisis Management. http://bit.ly/aMQGap #smallbusiness

How to Use #SocialMedia for #Crisis #Management - http://ow.ly/1XWpO

Social media can be used for more than just marketing- what about crisis management? http://ow.ly/1XRzs – Big Fuel (bigfuel) http://twitter.com/bigfuel/statuses/16228528084

Brutal artículo acerca de la crisis en España. BUENÍSIMO!!!!!!!!!!

La situación en España en 2010, vista por un americano (ex del Washington Post)

Tras recorrer España en las últimas semanas, el ex director adjunto del 'The Washington Post' ofrece su retrato de la crisis.

Retrato de un país en crisis Tras recorrer España en las últimas semanas, el periodista estadounidense Phil Bennett ofrece su retrato de la crisis. El relato incluye entrevistas a Salgado, Rajoy y Rato, pero también a empresarios, trabajadores y parados. Esta es la visión de España del ex director adjunto del 'The Washington Post'

Annotated link http://www.diigo.com/bookmark/http%3A%2F%2Fwww.elpais.com%2Farticulo%2Freportajes%2FRetrato%2Fpais%2Fcrisis%2Felpepusocdmg%2F20100613elpdmgrep_1%2FTes