Well it seems to be becoming a pattern for every Saturday and Sunday. For the 2nd week in a row the following events have occurred:
1. Arsenal rocked in the EPL, their rivals faltered.
2. Terrorism struck again.
3. Financial world was turned upside down.
4. And i suffered through yet another exasperating exam at SP.
So begin with the bad news first, its the end of an era, so the Financial whizz in my class tells me, there no longer exist any investment banks, the 2 large remaining behemoths of the game are now just run of the mill banks. Not earth shattering news to the layman, but men in the world of business, it is as if someone pulled the rug from beneath their feet. And it is especially bad news for the MBA grads who dreamt of careers in i-Banking (and believe me there are a lot of them), because it causes them to seriously rethink there career goals. Not that it means all of suddenly we MBA's become jobless, but maybe some of them will have to climb down a bit from their lofty perches. It helps in that case when you are a fresher with very meagre expectations, and anything goes. Just for additional info, the marketing students at SP had a field day at the expense of brothers in Finance. All of a sudden selling soaps and shampoos doesn't seem that bad a proposition.
Now we move on Arsenal, yet again Arsenal rocked and their rivals were bad. The Man Utd-Chelsea game seemed like the 2 teams forgot how to play football, and were concentrating more on getting the opponents foot than the ball. And yes Liverpool are still the most boring team ever. But let's move off the pitch for a while, and there is this interesting bit of info I came across. As the financial turmoil shows, its not been a good time for banks, but what about football clubs. Even they have suffered badly in this situation. Its been quite widely mentioned about how Malcolm Glazer (Man Utd) and Hicks & Gillette (Liverpool) have had trouble repaying interest on their loans which they made to purchase these clubs, because of the credit crunch. But even Arsenal have been hit in an unexpected way. After Arsenal switched stadiums in 2006, the site of the old stadium Highbury was used to develop a housing complex to act as an additional source of revenue.But the downturn in the economy, especially the Real Estate sector, has seriously affected the profitability of the project and is probably one of the reasons why Arsenal maybe short of funds for players. So there you go, football and business in the same post.
I really don't wanna talk about stuff like bombs and exams, because after a depressing week I am finally in a good mood now. So lets just say that these horrible things happened, and maybe we can put them behind us, at least till the next mindless terror attack takes place or till I get my exam grades.
On another note, one of my friends asked me for the meaning of a word I had used in my previous post - Schadenfreude.
Well Schadenfreude basically means taking satisfaction from the misery of others. And basically scientists say that no matter how much we pretend to be empathetic and sympathetic, there is some sense of schadenfreude in each of us.
Read more: http://en.wikipedia.org/wiki/Schadenfreude
Brought this up today, cause there was obviously a lot of schadenfreude around today after the whole i-Bank collapse.
So bye from me for now. As I write this I realise that I am one week away from become a 16.67% manager (end of TRIM-I). So heaven and hell wait at my doorstep. Goodnight and good luck to all.
Random Thought for the Day : The plot for the next Jurassic Park sequel will go something like this - "A bunch of intrepid and reckless individuals, characterised only by the initials M.B.A enter into the deadly financial jungle looking for the extinct beast they once knew as the 'i-Bank'. This once powerful being is now nowhere to be found, but the remnants of its existence still remain in the form of a swamp of written of loans, and the deadly 'bad debts'. So the question remains will the men find this beast, will they be able to control it, or will it devour them also."
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