Below you'll find a list of all posts from October 16, 2008
In comparing this current collapse to 1929-1932, you hear economists talk about how the unemployment rates are so different. Back then, almost a quarter of the workforce was out of work. Today, the number is still below 7%. (I’m America, so these arguments are all US-based.) There’s a problem with this thinking, because the current unemployment statistics no longer adequately …
There’s a lot in the press these days about the irresponsibility of CEOs who lied, covered-up and generally made a lot of cash while destroying billions of dollars of value. For example, here’s something from the Vault’s article on “Are CEO’s Ready To Face Career Instability?“: As [reviled Lehman Brothers CEO] Richard Fuld’s Congressional testimony aptly underscores, if ever a …
