The shifting market for air travel has forced Airbus to abandon the production of one of the most impressive aircraft of all time, the super-jumbo A380. Was it folly, bad luck or both?
Black Americans were most affected by the 2009 recession.
Reuters/Jessica Rinaldi
It’s been a decade since the worst financial crisis since the Great Depression, and blacks still haven’t fully recovered financially, leaving them unprepared if another recession hits.
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.
The women elected to the 2019 congress pose for a photo.
Nancy Pelosi/Flickr
After a year of headlines and ousted CEOs, Congress has yet to pass a single piece of legislation on sexual harassment – let alone hold a hearing. That may change as lawmakers get to work in 2019.
No industry should be considered too big to fail, including the auto industry.
(Shutterstock)
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.
Some US$4.6 trillion has been made available to stave off financial crises across the world. The problem is that much of this funding is now spoken for, and the list of stricken nations is growing.
The Wharton School of the University of Pennsylvania, in Philadelphia.
WestCoastivieS/Wikimedia
In current context of financial uncertainty and political upheaval, it easy to question the purpose and activities of business schools. But before jumping to conclusions, there is a more nuanced story.
A man browsing the shoe department in a shopping centre. Can he really afford new shoes, and does he really need them?
Alex Buirds/Wikimedia
Alberto Cardaci, Università Cattolica del Sacro Cuore - Catholic University of Milan
Under some circumstances, people may feel wealthier than they actually are and this makes them psychologically more prone to increase their spending, as well as their borrowing.
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?
Andrew Simms (New Weather Institute), Sally Svenlen (RE student), Larry Elliott (Guardian), Steve Keen (Debunking Economics) and Kate Raworth (Doughnut Economics) symbolically nail the “33 Theses” to the door of the London School of Economics in December 2017.
rethinkeconomics.org
Nailed to the door of the London School of Economics, the ‘33 Theses’ offer a long overdue challenge to economics dogma. But there are omissions as well.
The record level of the price-to-earnings ratio for equities is increasingly worrying. But how do we determine whether the price of a stock – or an exchange – is valued at its fair price or overvalued?