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Charles “connoisseur of deserts” Darwin has reached Cape Town, which he finds to be a great mass of boarding houses and inns, bustling with travelers to the far East and back. The word “Nabobs” refers to people returning from overseas, often India, having acquired wealth there. Towards the end of the letter, rather amusingly, Darwin […]
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Factions and Finance in China author Victor Shih has an Op-Ed (below) in the Wall Street Journal today. Shih’s research examines the push-and-pull between communist party elites and banking practices. In light of global economic slowdown, things are getting interesting. ~ ~ ~ Around the world, the banks we see today are very different from […]
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