Last weeks news involving
1)The bankruptcy of more than four airlines within a single week
2)the rescue of more than 200 childrens from the poligamist church and
3) of course the news of Bears and Stearns planning to sack a considerable chunk of its employees in the coming quarters
makes me wonder if the US is losing its touch.It is intersting to note that a country known for upholding the rights of women has left the poligamist cult survive this long even after arresting its head during 2001.
Being a hardcore believer in capitalism I have always liked US for its cultural values...but recent news about the crumbling capitalism in the country is pretty disturbing.
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