Tuesday, January 6, 2009

NYT Article + Power in OMAM

1. What is the main idea of this NYT article? What is its connection to OMAM?
The main idea of this article is the recession. in OMAM there is a very similar economic problem. 

2. According to the article, "Some Forecasters See a Fast Economic Recovery," what 'psychological factor' is mentioned as providing the U.S. society with a false sense of comfort?
the phisical factor is if we have a massive infrastructure spending and people feel that it is working, it could create a sense that we are ok.

3. Is there a similar psychological phenomenon that plays out in OMAM? [Hint: Where do the migrant workers' earnings go? Find support for your answers on pages 76-78 of the text.]

all of the money goes to gambling an having a good time. they are spending and acting like every thing is ok and they have enough money and thy are getting a sense that everything is fine, but it really isnt

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