Word: crisises
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The 26% who expressed little or no confidence named the recession, concerns about too much government spending or interference, weak government oversight of the capital markets, the volatility in the U.S. stock market, bank failures, corporate greed, job losses, and the home foreclosure crisis as their top concerns.
After the financial crisis pummelled investment banks and the fountain of transactional work dried up, law firms were forced to keep the commitments they made to new hires two years earlier. The result: a spate of deferred start dates that began with the class of 2009 and may continue with...
“I’m in the Rahm Emanuel camp,” Wilkins said. “Never let a crisis go to waste.”
Reforming this system poses a typical adversarial cooperation problem for firms who fear that other firms might cheat the system by keeping the old methods in place and attracting the best recruits with a cushy compensation system. But Wilkins said that the financial crisis has placed sufficient pressure on the...
Many people know the term “placebo effect,” but they probably don’t know how much placebos play a role in their lives. In light of our looming health-care crisis, it is time for government and industry alike to embrace and harness...