A sea of red.
AP Photo/Craig Ruttle
The Fed slashed interest rates to near zero but, just as in 2008, it will require unprecedented action to calm panicky markets.
The new Bailey.
The days of using interest rates to keep the wheels on are at an end.
Close-up on the circuitry of the Vesuvius quantum computer, announced in 2012 by the Canadian firm D-Wave Systems.
On October 23 Google announced that it built a quantum computer thousands of times faster than classic computers. This could have immense impacts on finance, cryptography and other fields.
This is what a financial crisis looks like on Wall Street.
AP Photo/Richard Drew
The Fed cut rates for the third time in as many months – something practically unheard of in a strong economy.
U.S. student debt is estimated at about $1,5 trillion.
Student loan defaults have risen sharply, and the number-one reason is deceptive and misleading practices by for-profit institutions.
Office of the Moody’s Corporation ratings agency.
Daniel J. Macy
Standard & Poor's, Moody's, and other ratings agencies have a long and storied history, but today they face significant criticism and the future of ratings themselves are under challenge.
New research reveals how austerity pushed poor families into debt to pay for basic needs like food, rent and hot water.
Corn cobs dried up after a drought in eastern France in 2015.
The climate issue cannot be considered less urgent than the social or economic crisis.
Private finance crashed the economy and is too consumed by the profit motive to be a reliable ally against climate change. We should not allow COP24 to be their board meeting.
The authors of the book
The Making of Finance highlight the intellectual capture of the financial worlds.
Nothing has changed since the 2008 financial crisis. Orthodox theory continues to structure the entire financial industry, yet there is an urgent need to study the social and political nature of markets.
No industry should be considered too big to fail, including the auto industry.
Ensuring no industry becomes too big to fail can be achieved by changing the way companies are run. The aim is to develop a sustainable model for corporations.
The 2008 financial meltdown caused millions of Americans to lose their homes, and the austerity measures that followed only widened income inequality and helped fuel the rise of right-wing populism.
(AP Photo/Tony Dejak)
Right-wing populists have exploited key weaknesses in liberal democratic society that were exacerbated by the failure of political leaders to respond effectively to the 2008 financial crisis.
Nagib / Shutterstock
The housing bubble that burst and triggered the 2007-08 global financial crisis was fuelled by securitisation.
There were 6,566 more suicides in the 2008-09 period that were a direct consequence of the rapid decline of equity values.
Christie’s auctions off a Lehman Brothers sign in 2010.
It's when times are good that the seeds of the next financial crisis are sown.
Instead of having a separate regulator just for banks, the new system creates one to prevent financial crises, the other to ensure good market conduct and consumer protection.
A woman walks by the New York Stock Exchange.
AP Photo/Richard Drew
Single women borrowed heavily in the run-up to the financial crisis, ensuring they suffered the most in its fallout. Will history repeat itself?
An ice sculpture titled ‘Main Street Meltdown’ melts near Wall Street.
AP Photo/Frank Franklin II
The collapse of an obscure corner of the financial market a decade ago foreshadowed the Great Recession. The stock-market swoon in February should offer a similar warning.
The 20 largest OECD countries alone have a US$78 trillion shortfall in their pensions obligations.
The UK and US may avoid another crash, but many other major economies look like they are on the brink.