When your back is turned…

Amazing the things that happen when you go off for a holiday, three weeks and just back yesterday.

No, I’m not talking about the school or the MBA but the things going on around the world.

In April I blogged about S&P’s adjustment of the US long-term rating from “stable” to “negative”. No one who follows the news can have missed that S&P have now followed up on this and downgraded the US to AA. Despite President Obama’s comment that the US will always be triple A, some may see it as a signal to the world that the trustworthiness of the US has been tainted when it comes to paying the bills. If the world agrees with S&P this can mean that borrowing may be more expensive of the US. If the world agrees with Obama then it is business as usual. Incidentally, Obama was quite keen to send the signal during his presidential campaign that “business as usual” couldn’t continue.

In London and elsewhere in England riots have been taking place. It began as a peaceful protest but this has now been made the vehicle of organised looting and youngster showing off, best illustrated by looters, while drinking looted wine boasted that they were showing police and the rich.

But yes, let’s turn to the University of Edinburgh Business School: at first glance quiet but as I’ve said before don’t let this lure you into thinking that nothing is happening. A lot is happening! The full-time MBA class is working hard in their internships or on completing their final projects, amidst securing jobs of course, and students in the MBA IB class are busily working away on their internships. Soon it will be their turn to focus on the final project. And would you believe it: three weeks from today we have the first Early Bird reception for the incoming class.

As you may or may not remember we have moved to new premises on George Square. And the Edinburgh Festival has moved with us. We used to have it on our doorstep in the purple up-side-down cow on Bristo Square but this year George Square gardens is teeming with people enjoying the various offerings in the festival. It is enjoyable but I can’t help feeling a bit sorry for my MBAs: they work hard and try to concentrate and then all these distractions just outside the building.

 

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