http://blogs.reuters.com/ben-walsh/2012/04/25/the-arab-spring-tragic-event-or-unfortunate-setback/
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The Arab Spring: Tragic event, or unfortunate setback?
By Ben Walsh
April 25, 2012
Re-reading can lead you to real gems. Going back over JPMorgan’s
annual letter to shareholders, I couldn’t believe that the first time
around I missed this quote in the third paragraph of the first page:
In addition to the ongoing global economic uncertainty, other
traumatic events — such as the earthquake and tsunami in Japan, the
debt ceiling fiasco in the United States, revolutions in the Middle
East and the European debt crisis — have impeded recovery. In the face
of these tragic events and unfortunate setbacks, the frustration with
— and hostility toward — our industry continues. [emphasis added]
There are a lot of ways to describe the Arab Spring. Most do not imply
that it was either a tragic event or an unfortunate setback, but Jamie
Dimon does. Or, at least, what his ghostwriters did. As a human being,
that’s a pretty callous way to describe a series of popular uprisings
against autocratic governments.
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