Links: Savings, Shareholder Activism, and India

The Christian Science Monitor finance section has two articles worth reading:

• The sad state of personal savings in the U.S. People have the right intention, but they just can't help themselves. No wonder the Current Account Deficit is out of control.

• A look at how Catholic Nuns have been at the forefront of shareholder activism, and the Triple Bottom Line approach.

Fareed Zakaria has a Newsweek cover article on another booming Asian economy, India. An Indian friend, who travels regularly to India, told me India reminds him of Silicon Valley during the bubble. He worries what that the young people may get the shock of their lives, when the economy stops growing at its current pace.