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Rethinking the global economic crisis
Warren Buffett, reputedly one of the greatest financial gurus of all time, apologized in February of this year for misjudging the conditions in the finacial markets. In a letter to his investors, he wrote, "I made some errors of omission... when new facts came in that should have caused me to reexamine my thinking and promptly take action." Last year, Buffett's Berkshire Hathaway saw a 62 percent decline in profits. His company hasn't been alone in reporting diminishing returns.
Buffett's honesty offers a refreshing alternative to the "blame game," where everyone accuses someone else of being responsible for the financial challenges the world economies are facing. Many key players have failed to see, or at least acknowledge, the roles they've played in the disaster, which has involved people being unwilling to work together, lending quick and easy money, producing products that don't reflect current buying trends, encouraging buyers to take on mortgages they can't afford, and so forth. While financial wizards grope for solutions, the continuing self-interest of other "experts" has been exposed.
About the author
A contributing editor to the Sentinel, Colleen Douglass is a teacher and practitioner of Christian Science in Los Angeles, California.

April 20, 2009 issue
View Issue-
LETTERS
with contributions from MELISSA HAYDEN, VICKI KNICKERBOCKER, JANE MORTON, KAREN JAMES, JIM BENCIVENGA
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HOPEFUL TONES
STEVE GRAHAM, MANAGING EDITOR JOURNAL, SENTINEL, HERALD
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ITEMS OF INTEREST
with contributions from Russ Pulliam, Perla Travizo, Cathy Lynn Grossman
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rebuild the world Economy
BY NED ODEGAARD
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'Enough is a lot!'
BY KAY OLSON
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Rethinking the global economic crisis
BY COLLEEN DOUGLASS
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HIKING WITH LOVE
BY DIANNA KONETCHY
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CADDYING WITH LOVE
BY COLBY BERMEL
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3 HEALING WORDS CHANGED EVERYTHING
BY SANDY SCOTT
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DO YOU LOVE YOURSELF?
BY FENELLA BENNETTS
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The pause
Lois Carlson
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NAVIGATING THE WAY TO SPIRITUAL LIVING
GENELLE AUSTIN-LETT
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MARATHON TRAINING—A NEW REGIMEN
SUSAN TISH
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A LEAVEN TO JOURNALISM
TOM BLACK
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'I BEGAN TO DISCIPLINE MY THOUGHT'
BRENDA EVERS
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A CHANGE OF THINKING BROUGHT HEALING
JANINE LABAK
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FINISHING THE COURSE WITH PRAYER
DON KEELER