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But it was the largest firms that survived the crisis. Could one argue that financial firms need to get bigger, not smaller? There is no evidence that large, multiplatform banks are more efficient or able to sustain risk than smaller banks. When I was on Wall Street, we used to...
President Obama may have left jaws hanging with his proposed $3.8 trillion budget for the fiscal year 2011 - which forecasts a stunning $1.6 trillion deficit - but he's hardly the only member of the "spend now, pay later" club. Across Europe, governments have gotten so used to embracing debt during...
The songwriting is so precise that the moaning vocals and the densely layered music complement each other seamlessly. Each song on “Teen Dream” is a painstakingly crafted wonder. When Legrand’s voice rings out on exaggerated vowels, the music follows suit, sweeping the...
This is where the idea of “code switching” comes in, a concept that forms one of the central building blocks of their upcoming performance. Code switching is a technical term used in vocal coaching that refers to switching between dialects. Here, the term applies to...
In response, Canada shrugs. "It's a zero story," Jackson says. "The reality is that foreigners have used the facilities way beyond what was available in Salt Lake City [in 2002]. We have worked with every international federation, they have outlined all the expectations for access, they have all been...