Society

FT Interview: Bill Gates

FT has an excellent and in-depth interview with Bill Gates, which almost alone makes the annual subscription price worth it. An excerpt: The instinct to shake up the complacent and challenge the intellectually lazy doesn’t always win Gates friends. Putting his personal money and reputation on the line to eradicate a disease has also risked […]

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Economics, Society

The Wealth Clock: What Does It Really Count?

I came across this interesting post by Ida Ince at Critical Legal Thinking about the “Wealth Clock”, which purports to display wealth distribution in Germany. Following in the traditions of the Doomesday and US National Debt clocks, the Wealth Clock, is an attempt by some “Ger­man trades uni­ons, aca­dem­ics, and mil­it­ants” to push the government into […]

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Economics, Society

Beneath The Auto Loan Credit Boom: A Bad Omen?

There is a fascinating post on the NY Fed’s “Liberty Street Economics” site by Andrew Haughwout, Donghoon Lee, Joelle Scally, and Wilbert van der Klaauw on the recent increase in auto loan origination . Normally, this would be pretty dry, technical stuff. This time, though, the data was interesting for two reasons, First, because it noted an […]

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Economics, Society

Tim Harford: Why Inequality Matters

There is an excellent commentary on inequality by Tim Harford, who writes the “Undercover Economist” blog for FT. It’s good to see this troubling issue continue to get attention, and this is a balanced argument for why this must be a priority for us going forward. As Harford notes: In a well-functioning market, people only […]

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Banking, Books, Economics, Finance, Society

Recent Read: “The Unwinding” by George Packer

Bottom line: American society is experiencing economic disintegration, driven by selfishness and a disregard for the fundamental rule of law. Rating: Must (if depressing) Read  The book jacket off George Packer’s The Unwinding says that the book is a profile of “a superpower in danger of coming apart at the seams.” After finishing this sweeping and […]

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Society

Brazil and the Impact of Economic Risk Cost

The headlines have been full of stories of the recent rioting in big cities across Brazil in the past week. Some estimates say that over one million people have taken to the streets to protest government corruption. They also claim to be upset over the way in which the Brazilian government found ways to spend […]

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Economics, Society

Why The American Consumer Is Not OK

Stephen S. Roach, formerly of Morgan Stanley Asia and now at Yale’s Jackson Institute of Global Affairs, has a timely piece on Project Syndicate explaining his view that any news of a recovery for US consumers is hype and not supported by the data. Roach’s analysis suggests to him that the typical post-recessionary release of […]

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