Archive for the ‘crisis’ tag
The Third Wave Foreclosure Crisis
Foreclosures haven’t abated; if anything, they continue to pick up steam. They vary significantly by region - hotspots like Phoenix and Detroit are facing true epidemics. Other locations - like parts of NYC, for example - seem to be mostly bypassing the worst of things.
Yet now we’re facing what some economists are calling the third [...]
CO2 as the moral equivalent of financial derivatives
Tonight at the New York Public Library I attended a discussion between award-winning columnist and author Thomas Friedman and Nandan Nilekani, Co-Chairman and one of the founders of Infosys Technologies, Ltd. These are two immensely interesting and well-spoken men, so I jumped at the opportunity to hear them live.
The discussion at first centered on well-known facts: the [...]
The Blame Game Update
The blame game is well underway for the current financial crisis, and it will only get worse. Who is to blame? Well, that all depends on who you are, and what you have to gain from pushing the burden off to someone else.
A common culprit is ‘greed,’ though I find this implausible. If someone can point [...]
