Economics/All

May 18, 2012

Economics/All

SPENGLER

Bah, humbug and labor statistics

The latest United States jobless figures supposedly reflect an economic recovery. Yet the continuing movement of prospective workers away from the labor force is only part of the more revealing and worrying story.

- Spengler (Dec 07, '09)

CREDIT BUBBLE BULLETIN

First Dubai

Dubai's debt problems, despite simplistic casting of blame on a lack of transparency and stupid bankers, are a microcosm of global credit and economic woes. Bubbles survive longer and grow larger than analysts often expect, but the world has moved up the learning curve, with Dubai contributing to that trajectory.

- Doug Noland (Dec 07, '09)

Dubai adds to the Philippines' woes

The debt crisis in Dubai, home to hundreds of thousands of Philippine workers, is adding to concerns about the Philippines' feeble recovery from the recent economic downturn.

- Joel D Adriano (Dec 04, '09)

Putin delivers a presidential display

In a heavily choreographed question-and-answer session, Russian Prime Minister Vladimir Putin said he would consider running for president in 2012, as has incumbent Dmitry Medvedev. During the four-hour televised appearance, Putin also sought to reassure a jittery public reeling from an ongoing economic crisis and last week's bombing of a luxury train.

- Brian Whitmore (Dec 04, '09)

Deripaska gives way as Rusal IPO stalls

One piece of the jigsaw Russian oligarch Oleg Deripaska has been trying to put together to revive his United Co Rusal has fallen into place, with more than 70 creditor banks at last agreeing to a debt restructuring. Another piece, a US$2 billion share sale in Hong Kong, has been left on the table. Deripaska, himself, however, may no longer be a key player and stakeholder.

- John Helmer (Dec 03, '09)

HENRY C K LIU

The courageous Brooksley Born

DERIVATIVE MARKET REFORM, Part 2
Brooksley Born's efforts to bring over-the-counter financial derivatives under the regulatory control of the US Commodity Futures Trading Commission, which she chaired, won her the prestigious John F Kennedy Profile in Courage Award - 11 years after those efforts failed. Had she succeeded, the present financial crisis would likely have been radically different.
This concludes a two-part series.
Part 1: The folly of deregulation

- Henry C K Liu (Dec 03, '09)

India's forensic auditors join war on fraud

At least 1,200 of India's listed companies may be involved in crooked accounting practices - Satyam Computer Services stands out only for the scale of its scam, doubled in recent days to US$3 billion. That is driving demand for auditors with specialist forensic skills. Interested parties include former Satyam auditor, PricewaterhouseCoopers.

- Raja Murthy (Dec 02, '09)

INTERVIEW

Tide turns against company cheats

Leading forensic auditor Vinod Khurana discusses the changing attitude of Indian corporations towards internal fraud, and how much more progress has to be made on such profit-draining practices.

- Raja Murthy (Dec 02, '09)

HENRY C K LIU

The folly of deregulation

DERIVATIVE MARKET REFORM, Part 1
A United States congressional hearing on reform of the over-the-counter derivative market would do well to recall that derivatives are not in themselves weapons of mass destruction, even though their presence is found suspiciously close to the wrecked heart of most recent financial meltdowns.
This is the first of two parts.

- Henry C K Liu (Dec 02, '09)

Wall Street's great escapers

A wonder of the present financial crisis is the muted protests at the theft involved, at the intimacy between the Wall Street perpetrators and their political chums, and at the myths this elite uses to justify their actions. The people of the United States must hold their financial industry accountable or the consequences will be unthinkable.

- Hossein Askari and Noureddine Krichene (Dec 02, '09)

Out with this idolatry

Each business cycle, the airwaves are alive with the sound of in-fashion pundits of economic esoterica. Right now, the dominant sound is bear growls, notably the voices of new media darlings Nouriel Roubini and Meredith Whitney. It is time the networks ditched this idolatry and turned to discussing how finance-dependent economies can avoid blowing any more bubbles.

- Julian Delasantellis (Dec 01, '09)

THE BEAR'S LAIR

Pockets of rot

Dubai World's collapse is not too surprising - unless you are an HSBC executive; its public excesses were only one early indicator of what would surely follow. But its failure raises the question of where else such rotten, overblown economic fantasies are waiting to disintegrate. We can start with China, then London ...

- Martin Hutchinson (Dec 01, '09)

Macau leader raises integrity doubts

Macau's new chief executive, Fernando Chui Sai-on, has raised concerns about future government integrity in the Chinese territory's gambling haven with his choice of a new anti-corruption commissioner and by dropping the previous government's top auditor.

- Olivia Chung (Nov 30, '09)

Herat enjoys a gold rush

Afghanistan is increasingly recognized as rich in mineral resources, which lie largely untapped due to dismal security and the absence of a strong government. That leaves the door open for intrepid individuals with an eye for what they hope is gold and the willingness to wield basic mining tools.

- Mohammad Ishaq Quraishi (Nov 30, '09)

CREDIT BUBBLE BULLETIN

Dubai watch

The unfolding of Dubai World's debt crisis had investors wondering whether this was a case of brinksmanship or the catalyst for a new round of credit market tumult. Meanwhile, much of the rest of the world, not least New York, still struggles from the previous round of chaos.

- Doug Noland (Nov 30, '09)

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SPENGLER

Bah, humbug and labor statistics

CREDIT BUBBLE BULLETIN

First Dubai

Dubai adds to the Philippines' woes

Putin delivers a presidential display

Deripaska gives way as Rusal IPO stalls

HENRY C K LIU

The courageous Brooksley Born

India's forensic auditors join war on fraud

INTERVIEW

Tide turns against company cheats

HENRY C K LIU

The folly of deregulation

Wall Street's great escapers

Out with this idolatry

THE BEAR'S LAIR

Pockets of rot

Macau leader raises integrity doubts

Herat enjoys a gold rush

CREDIT BUBBLE BULLETIN

Dubai watch

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