Word: crisises
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Passing the buck is one of the oldest and most often used traditions of democracy. At the annual World Economic Forum meeting in Davos, Switzerland last January, admonishment for bankers on one hand and praise for President Obama on the other were abundant. European Central Bank President Jean...
However, responsibility for the global financial crisis cannot be blamed on bankers alone. The U.S. government and homeowners played an important part in the web of high leverage, high pricing of assets, and greed that entangled the American financial system. Much of the controversy surrounding the question of who to...
At Davos, French President Nicolas Sarkozy blamed globalization for the financial crisis. However, what we need is more, not less, globalization—Michael Dawson, a political science Professor at the University of Chicago, devised the term “linked fate,” a concept in which interdependence...
“I think that the financial crisis definitely has a huge impact, but the impact isn’t just that people can’t get well-paying jobs in the private sector,” said IOP President Kenzie Bok ’11. ?...
General Motors' efforts to sell Hummer to a little-known Chinese company have fallen apart, the U.S. automaker announced on Wednesday. As a result, GM will begin to dismantle a brand of gas-guzzling SUVs that was synonymous with pre-financial crisis wealth and excess.