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Old 02-18-2002, 08:33 AM   #1
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Devaluation? Deflation?

http://news.bbc.co.uk/hi/english/bus...00/1825593.stm

A remark by US President George W Bush about "devaluation" in Japan has caused confusion in the currency markets.
The yen fell as some traders interpreted the comment as meaning the US favoured a devaluation of the Japanese currency.

Bush aides hastened to clear up the confusion, saying the president - in Japan as part of an Asian tour - had "misspoken".

They said his comment had meant to be about Japan's problem of "deflation" - steadily falling prices, which depress spending and investment - not devaluation.


Oops? He's probably suffering from jet lag, right? ;-)
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Old 02-18-2002, 09:32 AM   #2
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Oops!
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Old 02-18-2002, 10:33 AM   #3
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I'm still waiting for his learning disability to be diagnosed.

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"He had lived through an age when men and women with energy and ruthlessness but without much ability or persistence excelled. And even though most of them had gone under, their ignorance had confused Roy, making him wonder whether the things he had striven to learn, and thought of as 'culture,' were irrelevant. Everything was supposed to be the same: commercials, Beethoven's late quartets, pop records, shopfronts, Freud, multi-coloured hair. Greatness, comparison, value, depth: gone, gone, gone. Anything could give some pleasure; he saw that. But not everything provided the sustenance of a deeper understanding." - Hanif Kureishi, Love in a Blue Time
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Old 02-18-2002, 10:57 AM   #4
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Quote:
Originally posted by melon:
I'm still waiting for his learning disability to be diagnosed.

Melon

umm, careful with the jokes about learning disabilities. I have good friends and a sibling that struggle with them, and it's not much of a laughing matter or something to jeer about.
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Old 02-18-2002, 11:00 AM   #5
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Well, I must admit that the way it was written it was done in a joking manner. For that, I apologize.

However, I still think he has one in all seriousness. Either that, or he really isn't that bright. I guess the GMAT didn't have a verbal section.

Melon

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"He had lived through an age when men and women with energy and ruthlessness but without much ability or persistence excelled. And even though most of them had gone under, their ignorance had confused Roy, making him wonder whether the things he had striven to learn, and thought of as 'culture,' were irrelevant. Everything was supposed to be the same: commercials, Beethoven's late quartets, pop records, shopfronts, Freud, multi-coloured hair. Greatness, comparison, value, depth: gone, gone, gone. Anything could give some pleasure; he saw that. But not everything provided the sustenance of a deeper understanding." - Hanif Kureishi, Love in a Blue Time
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Old 02-18-2002, 11:11 AM   #6
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Yeah, I'm sorry if I sound sensitive, but after years of watching my brilliant brother struggle through school fighting this disability, I guess it just pushes my buttons to have it treated as some sort of thing that one should be ashamed of or that makes one "stupid". Kind of like making fun of someone who has a physical disability isn't really cricket, y'know? Not to mention, I'm not convinced that public speaking skills are the most crucial qualities in determining a public figure's ability to do their job. Doubtless, it affects public confidence, but somehow it makes me nervous when the measure of a man is how good he looks/sounds on TV. Anyways, random thoughts here...do carry on.
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Old 02-18-2002, 02:57 PM   #7
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Quote:
Originally posted by melon:
Well, I must admit that the way it was written it was done in a joking manner. For that, I apologize.

However, I still think he has one in all seriousness. Either that, or he really isn't that bright. I guess the GMAT didn't have a verbal section.

Melon

The GMAT does have a verbal section. I doubt his score had anything to do with his admission to HBS. If anyone has any concrete stats on what he scored, I'd love to hear. $100 bet says I beat him.

CK
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Old 02-18-2002, 04:10 PM   #8
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Originally posted by sulawesigirl4:
Doubtless, it affects public confidence, but somehow it makes me nervous when the measure of a man is how good he looks/sounds on TV.
isn't that the main job of any president though?

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Old 02-18-2002, 04:15 PM   #9
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isn't that the main job of any president though?

Is it? In that case, I say we just get some really cute actors from Hollywood to run. I'd vote for Russell Crowe! (oh wait, he's Aussie...damn )
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Old 02-18-2002, 05:00 PM   #10
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Quote:
Originally posted by sulawesigirl4:
In that case, I say we just get some really cute actors from Hollywood to run.
Well, we did have Ronald Reagan, but he was old and a bad actor. I believe his most famous film was with a monkey.

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Old 02-18-2002, 05:11 PM   #11
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Quote:
Originally posted by melon:
Well, we did have Ronald Reagan, but he was old and a bad actor. I believe his most famous film was with a monkey.

Melon

I said "really cute" actors. I don't think he would qualify.

Unfortunately all the actors I can think of tend to be from foreign countries, dammit! Ewan McGregor, Liam Neeson, Hugh Jackman...

Oh wait, I'd vote for Morgan Freeman! He's a good actor that can pull of that reassuring Presidential thing quite well. But is this country ready to vote in an African-American for President? hmmm...my optimistic side wants to say yes, but somehow I doubt it.
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Old 02-18-2002, 05:27 PM   #12
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Quote:
Originally posted by melon:
Well, we did have Ronald Reagan, but he was old and a bad actor. I believe his most famous film was with a monkey.

Melon

CK is eagerly waiting for the Republican response.

CK
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Old 02-18-2002, 05:50 PM   #13
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They probably wouldn't like this article either:
http://money.excite.com/ht/nw/bus/20...us-t22365.html

Melon

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Old 02-18-2002, 05:53 PM   #14
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Honestly, at this point, I think our best bet for an African-American president is Colin Powell. Even then, I don't know.

Melon

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Old 02-18-2002, 05:59 PM   #15
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Quote:
Originally posted by melon:
Honestly, at this point, I think our best bet for an African-American president is Colin Powell. Even then, I don't know.

Melon

yep, I agree with you. On both counts. He's probably the best bet. And even then, I don't know.
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