This UK writer suggests the recession is a new impetus to the shift in both economic power and financial attitudes away from the old developed world to an emerging one.
The crisis exaggerators are telling us that current economic conditions amount to an unprecedentedî global economic recession. This is historically incorrect. What is unprecedented is the degree to which economic commentators and political leaders are talking up economic downturn. What is their agenda?
The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. More»
In his weekly audience at the Holy See, the Pope has used the plain and powerful language of the seven deadly sins to sum up the root of the economic difficulties facing our world. The Pope refers to Ambrose Autpert http://www.newadvent.org/cathen/02143b.htm
Major media corporations control the information that the public is receiving and is in part making day to day financial decisions based on. This is a John Cramer interview with John Stewart on ‘the Daily Show’ that looks to bring CNBC to account for its inadequate financial news coverage over recent years.
Mechanistic thinkers on the right and left pose as rigorous empiricists. But empiricism built on an inaccurate view of human nature is just a prison…
If you are a chief executive officer, a business unit general manager, or a line officer in any major company around the world, the events of October 2008 should cause you to rethink the strategy for your business. The purpose of this article is to explain why this is so important and what to do next.
Professor Friedman felt both that corporations had no business spending money for social good, and that business should not be regulated, because all regulation would eventually be captured by business interests….
The policy makers knew how to pull economic levers, but they did not know how to use those levers to affect social psychology. More»