Another perspective released today is that everyone has spent $10,ooo each on the bailout of economies. $ 10 trillion is a lot of value, but may not mean much to anyone. It’s enough to buy a country, or two. We are were we are. The money is gone. The question remains about whether or not …
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Category:3 The World of Money
“No morals at all” – has anything changed?
The story of Eileen Loiacono, a mortgage underwriter – deciding who her firm should lend to – at the height of the subprime lending bonanza, is a sad tale of fear and greed. She finally left the industry which had “no morals at all”. Has anything changed? Have those people suddenly gained integrity? What are …
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Doing Business 2010
If you are considering international expansion, or relocation this report might help you understand the playing field. The ranking offers a quick reference point and the report outlines the areas of business regulation in most countries. It is often beneficial to have a local partner when entering a new market and may facilitate the regulatory …
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You can’t teach an old dog new tricks: Greenspan
Yes, Alan Greenspan is still around. He tells us that he predicted that there would be a crash and that there will be another. If he predicted it then he should have done a lot more to manage it, otherwise, given his position, his “prediction” is facile. Saying there will be another is as helpful …
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The most powerful people you’ve never heard of.
Forbes published The World’s 100 Most Powerful Women – a ranking of globally influential females. The list of roles and occumpations is impressive, including leaders of countries and international companies. But it is embarrassing to note that people would recognise few names on the list. That is a sad reflection on humanity today. Here are …
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Recession waning: France, Germany, Singapore, Hong Kong, Japan …
The last few days have seen data which suggest that the economies of France, Germany, Hong Kong, Singapore and Japan have bottomed out; that is they showed positive GDP changes in the second quarter (April – June) 2009. Some of the numbers are a bit extraordinary – Singapore’s data shows growth of 20% in 2Q. …
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Microfinance debate – Ethical Corp
Debate: Microcredit – Is microfinance helping to reduce poverty? No, says Aneel Karnani of Michigan’s Ross Business School Yes, says Filipe Santos of international business school Insead Round one Microcredit does not work Dear Filipe, Microcredit is the newest silver bullet for alleviating poverty. Enthusiasm for microcredit has attracted untold billions of dollars from governments, …
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Is the trillion dollar deficit an issue?
It was going to happen sooner or later. Maybe the meltdown in the world of finance hastened the trillion dollar deficit, though US governments have been trying hard to breach that milestone. Three months before the end of this financial year it’s happened. Maybe it’s not such a frightening number in the context of the …
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US economy recession or recovery
Fortune’s gauge: 7 metrics that indicate the trend in the US economy. Data in pretty pictures. http://money.cnn.com/magazines/fortune/storysupplement/recovery_index/index.html
Energy shown to be the most important issue in world’s biggest company ranking.
The latest annual survey of the largest companies by Fortune magazine confirms the dominance of oil companies, with 7 in the top 10, despite the steep drop in crude prices in the past year. This isn’t surprising because we realise the unnatural dependence on oil that humanity has nurtured over the past century. It would …
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