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Global Must Read Articles

October 7, 2011 | Occupy Wall Street: Take It Seriously

Occupy Wall Street protestors have legitimate grievances about how government has handled the economic crisis, but have been trivialized by the mainstream media. ++ Finding some protestors with contradictory or mistaken claims does not make the group’s frustration invalid. ++ The movement should be taken seriously because the set of people who can be angered by bank bailouts and the state

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January 18, 2010 | Capital vs. Labour

Wall Street was the first to recover from the financial crisis as opposed to 10% of the American population still struggling to find a job. ++ The pay controversy is more relevant than ever before. ++ Yet the New York Stock Exchange evolves in a different temporality: it aims at allocating capital for the best, while most of us will be creating wealth rather than concentrating the already

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July 21, 2009 | Wall Street Learned Nothing

Experts said last year’s economic breakdown was “the end of the world as we know it… there are new values that we will need to adopt and adapt.” ++ But as memories of the financial turmoil begin to fade, bankers are right back where they started. ++ Goldman just set aside $11.4 billion for bonuses, about what Wall Street firms were paying two years ago, and its trading desk regularly risks

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November 14, 2008 | After a Vote for Change, Obama Chose Continuity

Washington’s handling of the Wall Street bailout is incompetent, maybe illegal. ++ The Democrat response is to either defend the Bush administration or refuse to intervene. ++ Bush is violating the conditions of the original bailout, effectively cutting another $140 billion in taxes. ++ Obama’s agenda has turned from “change” to “continuity.” ++ It would do him and his fellow Democrats good to

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November 11, 2008 | Sarkozy Against "Polite Conversation"

French President Sarkozy is rushing on with demands for the upcoming G20-meeting, at the expense of diplomacy. ++ His harsh call for multilateral action, blaming Wall Street for the crisis, is explained by a feeling of support from public opinion in Europe. ++ However, the crisis was not fabricated only in the US; Europe’s structures have their own faults. ++ Sensible targets for the summit would

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September 26, 2008 | US: Still the Global "Beacon of Free Enterprise"

It’s a critical question: Is the financial crisis on Wall Street going to damage the US’s image of good finance and business expertise? ++ Actually, the answer is no. ++ The image of the US from a global perspective is still strong, and the US is for many “a beacon of free enterprise.” ++ There is no other financial leader who could replace the US - Europe is divided, while Russia and China have

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