Global financial crisis

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In bank stress tests, what’s worse: runs or lemons (the other kind)? Lemons via www.shutterstock.com

Runs versus lemons: why US bank stress tests succeeded while Europe’s failed

US regulators chose to reveal detailed information to the public about the state of the banks. They were able to be so transparent, without triggering a run, because of a strong fiscal backstop.
Seeking constant distractions and identifying with brands and status symbols, we struggle to escape the superficial self. Shutterstock/Sean De Burca

The lies of happiness: living with affluenza but without fulfilment

In the first of our series, On Happiness, the question is whether unsustainable consumption and debt can ever bring us happiness. The global financial question was a chance to take stock, yet did we learn anything?

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