Add the nation’s largest accounting firms to the list of watchdogs and regulators that didn’t catch the multibillion-dollar Madoff investment scam.
Tis the season to be selfish. Right after the global financial crisis exploded in 2008, many economists fretted that countries looking to hold on to their share of a shrinking pie would become more self-interested and protectionist, plunging the planet into an even sharper downturn, just as happened in the 1930s after the Great Depression
You’d expect the headquarters of Telenor, Norway’s biggest telecom company, to reflect at least some of its Scandinavian side. Sure enough, meeting rooms are furnished with wooden floors, sleek tables and angular armchairs; there’s even a breathtaking view of the Oslo Fjord.
HOW can we capitalize on the inherent desire of people all over the world that things should be done, wherever they can be done, by private enterprise?” This fundamental question was raised by David Lilienthal, onetime chairman of the Tennessee Valley Authority, now a consultant to foreign governments on their own development programs.
Like some malefactor being grilled by Mike Wallace in his 60 Minutes prime, Glenn Hubbard, dean of Columbia Business School, gets hot under the third-degree light of Charles Ferguson’s questioning in Inside Job. Hubbard, who helped design George W.
The intensity with which the spiffily attired investment brokers of the African Banking Corp. stare at their computer screens is misleading.
One of the best ways to make money and reduce risk in today’s choppy market is through a classic hedge fund: one that bets on some stocks to go up and others to go down. Since January 2000, when the Dow peaked, hedge funds have risen 13% on average, while the typical stock has fallen 20%, reports Hennessee Group, a hedge-fund tracker
In the midst of a steaming-hot Malaysian jungle, sweat-stained factory workers bend over their looms, threading copper into bales of cable wire that gets so hot, it must snake through culverts of water before it can be touched. The factory floor is awash in tea-colored light from windows smeared with soot
The economy may be troubled, but one area is thriving: social media. They begin with Facebook and extend through a dizzying array of companies that barely existed five years ago: Twitter, LinkedIn, Groupon, Yammer, Yelp, Flickr, Ning, Digg–and the list goes on
Sometime in the next few weeks, Facebook will officially log its 500 millionth active citizen. If the website were granted terra firma, it would be the world’s third largest country by population, two-thirds bigger than the U.S