Dubai debt shock has sent a ripple effect across the world, igniting fresh concerns over the viability of the global economy. European and Asian stock markets took a heavy pounding, losses led by shares of construction and financial, two sectors with considerable exposure to the UAE city’s rapid expansion and investment in infrastructure and property. [...]
Also tagged financeHas Journalism become “Churnalism,” as presented in this article? It is important to examine the relationship between business/ economic journalists and various investor/ public relations executives – at what lengths should journalists go to verify PR/ IR information? What are the consequences to the society at large of having “churnalists?”
The article also recalls the “Not the Financial [...]
An interesting reference of what happened in the United States to a fairytale character Peter Pan. Please refer to the following news and get the book if you are interested.
http://news.yahoo.com/s/nm/20090924/lf_nm_life/us_books_neverland_1
Kenneth Chan Chun Kit
Here’s an article that provides a lesson or two about the financial crisis, depicting what’s wrong or right regarding conventional concepts of equity and housing investments. The most important one that should be noted is that housing prices DO slide down, and stocks, even investing them in the long-term, are not bullet-proof against any kind [...]
Also tagged finance, usThis past year has seen the world riddled with economic uncertainty and financial turmoil. Since the Lehman collapse in September of 2008, much has been written/ said/ commented about the cause/ roots/ history of the problems in the global financial order.
But perhaps the most refreshing of literature on this were ones that came out as the [...]
What if the Lehman had not failed? Would the crisis have happened anyway? My believe on this is yes! This article on The Economist gave us a rational “anniversary” review on the rises and falls of different financial groups in the crisis. Some of them collapse and some even benefit and grow bigger. The government or [...]
Also taggedSeptember 15th is the one-year anniversary of Lehman’s bankcruptcy. US President Obama delivered a speech in Wall Street, warning the financial industry not to return to their reckless business and urging the country to reform the regulatory system (Reuters, Financial Times ).
However, some experts don’t regard the odds to successfully reform the regulation or build [...]
The readings to the postponed class of today mention Alan Greenspan’s efforts as a chairman of the Federal Reserve being somewhat insufficient. A ongoing BBC series is investigating causes for the recession that started last year, and recently did an interview with Mr. Greenspan, where the former chairman defends himself by calling accusations made against [...]
Also tagged alan greenspan, federal reserve, recession, roger bootle