Special mention
Posts Tagged ‘Wall Street’
Cartoon of the day
Posted: 23 May 2012 in UncategorizedTags: banks, cartoon, crisis, IMF, students, unemployment, United Kingdom, Wall Street
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Cartoon of the day
Posted: 20 May 2012 in UncategorizedTags: austerity, banks, cartoon, France, jobs, Mexico, United States, Wall Street, workers
Special mention
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Rethinking economics and culture
Posted: 13 April 2012 in UncategorizedTags: crisis, economic representations, IMF, music, open source, Wall Street, World Bank
A reader sent me a link to one of his new songs, a contribution to the project of creating a culture appropriate to imagining and creating a better world, including a better economy. Lonnie Ray Atkinson’s songs also include ”Economic Hitmen” (with TSOL and Zep Hurme) and “How We Gonna Make Wall Street Pay” (with Anitek).
Cartoon of the day
Posted: 3 April 2012 in UncategorizedTags: cartoon, healthcare, markets, oil, prices, Wall Street
Special mention
Hedging their bets—obscenely
Posted: 31 March 2012 in UncategorizedTags: Occupy Wall Street, rich, United States, Wall Street
The amazing thing about the Rich List, AR’s ranking of the 25 top-earning hedge fund managers, is not that the faces at the top changed or that the amount they earned was the lowest in three years. What’s really amazing is that, notwithstanding the fact that the faces at the top changed and that the [...]
Cartoon of the day
Posted: 31 March 2012 in UncategorizedTags: cartoon, Cuba, Obama, oil, pope, Supreme Court, United States, Wall Street
Special mention
You just can’t make this stuff up: The smaller bonus checks that hit accounts across the financial-services industry this month are making it difficult to maintain the lifestyles that Wall Street workers expect, according to interviews with bankers and their accountants, therapists, advisers and headhunters. “People who don’t have money don’t understand the stress,” said [...]
What goes up must come down
Posted: 17 February 2012 in UncategorizedTags: China, corporations, crisis, Europe, inequality, miscellaneous, profits, taxes, unemployment, United States, Wall Street
What does up must come down—sooner or later. . . Yesterday, stocks on Wall Street hit levels not seen since before the 2008 financial crisis. More generally, over the past few months, global equity and commodity markets have rallied based on improving investor confidence, positive macroeconomic data, and continued growth in corporate profitability. However, [...]
Many years ago, I was invited to give a talk, “Whose Dream? The Role of Mathematics in Radical Economics,” at American University.* I was reminded of that event on reading Ian Stewart’s essay on the Black-Scholes equation and the financial crash. Black-Scholes underpinned massive economic growth. By 2007, the international financial system was trading derivatives [...]
