Word: bankses
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Vijay Mahajan, author of Africa Rising, says there are 50 million to 150 million economic élites in Africa with similar spending power to middle classes in the West. More importantly, there are 350 million to 500 million people in the African aspirational classes - from households with stable jobs - that...
But perhaps no luxury-hotel brand has ventured as far into voluntourism as Ritz-Carlton. Since the company launched its "Give Back Getaways" in April 2008, more than 2,000 vacationers have signed up in dozens of locations around the globe. Sue Stephenson, vice president of the company's "Community...
The collapse of three Icelandic banks in October 2008 meant cranes across the country came to a halt. A broken economy has led to rock-bottom rents. And while the new lows may have hit local landlords hard, it enabled a kind of tenant once prohibited from the high-traffic...
With the IMF scheduled to report next April its own findings on possible funding options for future bailouts, banks will, in one way or another, be forced to put aside more to cover the costs. Tobin, were he alive, would surely welcome that.
Speaking before a packed audience and news cameras, Spitzer emphasized that the Obama administration should invest more money in job creation and infrastructure, rather than directing money to propping up large banks and other bankrupt companies.