Friday

Two contrasting timelines

On one hand, the credit crisis built up into a tsunami and swamped the big names in banking and investment. Billions of dollars have been lost, moved or injected as a result (all the figures here). Moves are afoot by the hour across the globe, to prop up the financial system.
In contrast, the saga of Alitalia continues as the latest buy out offer is withdrawn. The timeline started nearly two years ago and as yet there is no firm conclusion in sight. Evidence enough that even in a globalized integrated economy, similar events can still run at a different pace.

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