Who’s to Blame for a Tanking Economy?

December 08, 2020

This week, to mark the publication of Scott Galloway’s book on the economy, “Post Corona,” Yahoo Finance interviewed the best-selling author, who is also a tech entrepreneur and professor of marketing. Surveying the damage done by the COVID-19 pandemic, Galloway delivers a broadly...

Remembering “Lehman Weekend”: Where Are the Risks Now?

September 15, 2018

Most analysts say occasional financial crises are inevitable. So where are the biggest risks now? A panel of experts, including some who were in the historic meetings at the Fed 10 years ago, offer their views. September holds the dubious honor of being the month that marked two cataclysmic...

The Daily Devil’s Dictionary: “Drizzle” on the Economy

September 06, 2018

Comparing the idea of “trickle” and “drizzle” helps to understand the contrast between the rival economic cultures. Western economic ideology — when it isn’t a theology — has long promoted the metaphor of “trickle-down” to justify the situation we have arrived at today, where...

The Daily Devil’s Dictionary: “Illth” of Nations

August 29, 2018

Can economics become a mature and socially responsible science by acknowledging the existence of illth? We are all prisoners of our language, forced to remain within the limits of what the overwhelming majority acknowledges and forced to ignore what our thought leaders conspire to discard from...

The World This Week: Are Soaring Stock Markets Good for Global Economy?

January 08, 2017

An economic model where share prices of McDonald’s soar and mom-and-pop restaurants close may be efficient and convenient, but might not be equitable or soulful. This week, The Economist reported that stock markets had a good 2016. During the year, the S&P 500 rose by 11.1% and the Dow...

Amid Uncertainty, Latin America is Looking Up

November 22, 2016

Despite a recession, the Latin America and Caribbean region is looking ahead. For the first time since 1982-83, the Latin America and Caribbean region is expected to be in recession for two consecutive years (2015-16). According to...