Word: capitale
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“Woodberry argues that the human capital effect was more important than the Weber-type effect, but they’re not contradictory, not at all,” Barro said.
Another proximate cause were new loosey-goosey borrowing rules (if they can be called that) that allowed the likes of Bear Stearns and Lehman to pile $30 of debt onto each $1 of capital. The chief executives of these firms argued vociferously for the right to greater leverage and vociferously...
How do we fix Wall Street? By facing the music now. Toughen up borrowing requirements by banks. Increase oversight, especially when it comes to regulating derivatives. Perhaps enact a 21st century version of Glass-Steagall. And don't allow any institution to become too big to fail. Does that mean...
Although Samak had become one of Thaksin's strongest supporters in recent years, they were once bitter rivals as Deputy Prime Ministers in 1996. Both had been tasked with solving Bangkok's intractable traffic problems, but their constant squabbling led constitutional monarch King Bhumibol Adulyadej to summon them to the...
Ahmed easily exploited the gaping holes in the fabric of India's public safety - flaws that still exist a year after the attacks. According to his statement to police, Ahmed paid an acquaintance Rs. 50,000 (about $1,000) to buy admission to a college in Bangalore, and used his...