More ash clouds

Do you remember when Eyjafjallajökull erupted on Iceland in the Spring? Maybe you were even affected by this. Now the volcano Merapi in Indonesia is affecting flights in the region and the Indonesian government has issued warnings to airlines about avoiding the area. Merapi has been rumbling for a week time now causing tens of thousands to flee the area and 38 people have lost their lives as a direct consequence. The eruption may be linked to an earth quake which triggered a tsunami killing more than 430 people. The geography of Indonesia makes it difficult to send the much needed aid. Despite all our technological advances there are still many barriers to mankind.

Not nearly as far away, just outside my door in fact, MBA life is moving on. Although I’m sure Agus from Indonesia may worry for friends and family. We are now in the seventh week of classes and all are still looking reasonably bright. Some even had took the time to visit the Highlands in the weekend. Although a bit windy I hear that they had a a very nice break.

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Off for just a couple of days

I’m rather looking forward to my upcoming long weekend.  I’ll be off Monday and Tuesday next week to spend some time with my long term friend Anna-Marie (known as Rie) who’s visiting from Denmark.  She and I have known each other since we met on the first day of school when I was seven.  Those of you who know me that well will know that this is quite a few years ago.  Friends like that are so important.  We know each other’s family and background and know almost everything that happened to the other when we grew up.  So, yes, that will be very nice.

You will of course have noticed that I have not written much about the crunch lately.  This doesn’t mean that I’m not following this closely and it is pretty scary stuff.  About 18 months ago I was certain that something would happen but to be honest I didn’t think it would be this bad.  My excuse is that I’m not a financial analyst.  I suppose that what is so surprising is the web that is unravelling – it is now that we see the intricacies of a World-wide financial system.  I saw in the news that about £1 billion could be lost for British local councils in Iceland because of the meltdown of Icelandic banks and software company SAP is looking into what might be done because no one’s buying their products right now and Lakshmi Mittal is reported to have lost about £20 billion over the last four months some of which may be connected with the amount of shares he reportedly holds in Goldman Sachs.  These have about halved in the last six months.