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
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.
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.
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.
Bart Sadowski/Shutterstock
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.
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