The Financial Meltdown and Computing
For many of us, the past year has been one of the most unsettling in our lifetime. In the late 1980s and early 1990s, we watched communism collapse of its own dead weight. In late 2008, we saw capitalism nearly crumble. Lehman Brothers, a major U.S. investment bank, declared bankruptcy last September, sending the world's financial system into a tailspin. Only a massive intervention by central banks saved the system from collapse.