A little economics

5 days for decision day at ISB
9 days for decision day at LBS
Insead interview - still awaiting response from interviewer
So in the meantime, I've nothing to do apart from a whole lot of work and a whole lot of day dreaming and a whole lot of twiddling my thumbs looking at R2 apps...
Did pick up 'Free Lunch' by David Smith, a sort od Eco for dummies just to get the studies going. Having fun with it right now since most of it is nowadays all over the papers and doesnt require too much brain power...with holiday season around some serious lack of the aforementioned :)
On an interesting though disturbing note - read a UN study which qoutes the following statistics
1% of the world's population owns approx. 40% of the world's wealth.
The top 10% own over 85% of the world's wealth
The bottom 50% own ...hold your breath... only 1% of the wealth of the worlds

Its rather disgusting, the inequality obviously proves the trickle effect doesnt work. This has been going on for so long but with all the laws and good intentions and experiments with socialism, capitalist, left & right - nothing has worked.
So congrats to all who read this blog - it only takes assets worth $2200 to make it to the top 10% but do spare a thought about the world...