Livedoor.com, the innovative Japanese Internet Service Provider and web-portal, is being investigated for fraud. When investigators raided their offices on January 16th it sent the entire Tokyo Stock Exchange into a temporary dive. It shows how fragile and interconnected the economy is. In the US the same kind of thing would happen if the authorities suddenly accused a company like Yahoo or Google of fraud (I'm not even hinting that they have something to hide). There were a few minutes when people were wondering about the stability of the entire economy.
The point being that even when the economy is strong, we're really only a disaster or two from reversal -- a major corporate fraud, a hurricane, an earthquake, a tsunami, an attack... It doesn't take much to burst the bubble. It is all so fragile.
Now listen, you who say, "Today or tomorrow we will go to this or that city, spend a year there, carry on business and make money." Why, you do not even know what will happen tomorrow. What is your life? You are a mist that appears for a little while and then vanishes. Instead, you ought to say, "If it is the Lord's will, we will live and do this or that." As it is, you boast in your arrogant schemes. All such boasting is evil. James 4:13-16
No comments:
Post a Comment