Auditing Firms’ Strong Performance Masks Unsolved Issues

January 10, 2022

The UK economy is beginning 2022 on a somewhat shaky footing. Signs of an economic slowdown were cropping up even before the Omicron variant threw fresh uncertainty into the mix and raised fears that “Britain’s nightmare economy of the 1970s,” characterized by a...

What Does the Future Success of the Euro Depend On?
January 10, 2022

What Does the Future Success of the Euro Depend On?

Our Green Future: Is It All About the Money?
December 08, 2021

Our Green Future: Is It All About the Money?

Are You Ready for Collapse?
December 01, 2021

Are You Ready for Collapse?

What No One Wants to Hear About Growth

What No One Wants to Hear About Growth

November 25, 2021

Some 40 years ago, the Club of Rome published a study with what at the time was a relatively provocative title, “The Limits to Growth.” The book appeared at a time of rising environmental consciousness and growing uneasiness with respect to the state of the planet. Throughout the advanced...

How Blue Bonds Promise to Boost Latin America’s Economy

How Blue Bonds Promise to Boost Latin America's Economy

November 17, 2021

The recent issuance of Latin America’s first blue bond could be a major milestone. The region stands to benefit from this nascent financial mechanism aimed at protecting water sources and creating opportunities for populations living near them. Announced during the UN climate summit in...

How Sustainable Is India’s Prosperity?

How Sustainable Is India’s Prosperity?

November 15, 2021

The New York Times enthusiastically reports on the good news coming from India. Matt Phillips and Emily Schmall are impressed by the recent upward movement in India’s stock market. Their article reads like a prospectus for investment in India targeting the financial and business class that are...

The Financial Sector Needs to Address Whistleblower Retaliation

The Financial Sector Needs to Address Whistleblower Retaliation

October 26, 2021

As we saw in the case of Bernie Madoff, when Harry Markopolos, the man who blew the whistle on the $65-billion Ponzi scheme, admitted to living in fear of his life, whistleblower protections are not enough to ensure that internal reporting continues in order for issues to be resolved efficiently....

Is Moscow Turning Off the Gas Tap?

Is Moscow Turning Off the Gas Tap?

October 19, 2021

In 2010, I was invited to hold a presentation titled “Will Russia someday close the gas tap?” It was a rookie mistake, early in my career, so I didn’t think about how the presentation would be advertised. I just suggested general topics I wanted to talk about in the broader context of...

China’s Policy of Illusory Security Is Destined to Fail in Afghanistan

China’s Policy of Illusory Security Is Destined to Fail in Afghanistan

October 19, 2021

Under the leadership of President Xi Jinping, China has been transformed into a paranoid state fanatically motivated by ensuring security at any and all cost. This obsession stems from the desire to maintain the physical security of the Chinese mainland, to safeguard Beijing’s investments abroad...

Are the Rich Embarrassed by Their Riches?

Are the Rich Embarrassed by Their Riches?

October 15, 2021

The rich have always flaunted their wealth. It was rarely good enough to enjoy financial success, you had to be conspicuous about it. They build enormous homes for everyone to gawk at. They throw lavish parties. They commission paintings, statues, biographies. They endow institutions so that their...

Cashless Economies Raise Ethical Concerns About Inclusion

Cashless Economies Raise Ethical Concerns About Inclusion

October 04, 2021

The global health crisis has led to an increase in going out cashless due to fears of transmission of the coronavirus. Yet this has had an adverse impact on social and economic inclusion. It has also exacerbated the so-called “digital divide” over who has access to the internet and can buy...

The West Struggles to Understand China’s Common Prosperity

The West Struggles to Understand China’s Common Prosperity

September 24, 2021

For most of the 20th century, Westerners had one word to sum up any thoughts they may have had about China: inscrutable. Several decades of globalization have radically changed that perception. Fully integrated into the world economy, China plays a dominant role today and is expected to become the...

The Handcuffing of Joe Biden

The Handcuffing of Joe Biden

September 17, 2021

The far right would like to impeach Joe Biden, kick him out of the White House, perhaps even throw him in jail. “Lock him up” has been a predictable chant at Trump rallies going back to before the 2020 election. Even Republicans in Congress have joined this chorus. Bipartisanship? As...

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