I have decided to listen to the podcast connected with Germany and money. The title of this podcast is “GE, Communism and the recession”. It was broadcasted on 2nd August 2009 at BBC World Service. You can also listen to this podcast now.
http://www.bbc.co.uk/iplayer/episode/p003s71s/Business_Weekly_GE_Communism_and_the_recession/
Business Weekly talks to Jeff Immelt of GE on the challenge of leading one of the world's biggest firms during the recession. Plus how are the old communist countries faring during this meltdown?
Vladimir Ilyich Lenin got much wrong but one thing right. His advice: "descend, seek another path, longer, perhaps, but one that will enable them to reach the summit".
Clearly, the chief executive of GE had been reading Lenin. Jeff Immelt took the top job. And then came the great skid which affected GE in lots of ways. Jeff Immelt gave the BBC's Business Editor, Robert Peston, his broad impression of what had gone wrong.
Twenty years ago, the Berlin Wall came down and soon after the German Democratic Republic, the old East Germany, was dead. Now its capitalist successor, the eastern part of the unified Germany, undergoes the ructions of recession.
In the long-standing capitalist countries, crises come and crises go. But what about the old Communist world where memories remain of communism, perhaps sepia tinged memories as time alters realities.
Finally, does micro lending really work? Every year billions of dollars are ploughed into this sort of lending, and part of that is supplied through aid money, from donor governments. But is it money well spent? Dean Karlan, professor of economics at Yale University, had studied this question - and made the study rigorous by comparing groups with a control group in the Philippines.
As for me, this podcast is a little bit difficult. It is very long and contains diverse new unfamiliar words. But it was very interesting and exciting. Now I know a lot about Germany, Communism and the recession.
http://www.bbc.co.uk/iplayer/episode/p003s71s/Business_Weekly_GE_Communism_and_the_recession/
Business Weekly talks to Jeff Immelt of GE on the challenge of leading one of the world's biggest firms during the recession. Plus how are the old communist countries faring during this meltdown?
Vladimir Ilyich Lenin got much wrong but one thing right. His advice: "descend, seek another path, longer, perhaps, but one that will enable them to reach the summit".
Clearly, the chief executive of GE had been reading Lenin. Jeff Immelt took the top job. And then came the great skid which affected GE in lots of ways. Jeff Immelt gave the BBC's Business Editor, Robert Peston, his broad impression of what had gone wrong.
Twenty years ago, the Berlin Wall came down and soon after the German Democratic Republic, the old East Germany, was dead. Now its capitalist successor, the eastern part of the unified Germany, undergoes the ructions of recession.
In the long-standing capitalist countries, crises come and crises go. But what about the old Communist world where memories remain of communism, perhaps sepia tinged memories as time alters realities.
Finally, does micro lending really work? Every year billions of dollars are ploughed into this sort of lending, and part of that is supplied through aid money, from donor governments. But is it money well spent? Dean Karlan, professor of economics at Yale University, had studied this question - and made the study rigorous by comparing groups with a control group in the Philippines.
As for me, this podcast is a little bit difficult. It is very long and contains diverse new unfamiliar words. But it was very interesting and exciting. Now I know a lot about Germany, Communism and the recession.
