Thursday, November 17, 2011
James Rickards examines the new currency war we are engaged in, and argues that it is one of the most destructive and feared outcomes in international economics. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict. In Currency Wars: The Making of the Next Global Crisis, Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action.
Wednesday, November 02, 2011
Greek Prime Minister George Papandreou's surprise announcement that Greece will vote on its planned bailout has sent world markets into a tailspin. Analysts worry the planned referendum will undermine the agreement reached at meeting of European leaders in Brussels last week and bring Greece dangerously close to defaulting on its debt. In the U.S., brokerage firm MF Global filed for bankruptcy on Monday, in part due to bad bets made on European debt. Traders, however, say worries about the euro zone are primarily responsible for the volatility.
Thursday, October 13, 2011
Nobel Laureate and NYU Stern professor Michael Spence, author of author of The Next Convergence: The Future of Economic Growth in a Multispeed World, and The Economist's New York Bureau Chief Matthew Bishop discuss recent trends in the job market, both in the United States and around the world, the rapid growth in developing markets that are catching up with the industrialized West, and what the United States must do to remain competitive. They’ll also look at The Economist’s “Future of Jobs” report.
Wednesday, August 10, 2011
Yesterday, U.S. Treasury secretary Timothy Geithner spoke by phone with his Chinese counterpart, Vice Premier Wang Qishan, to discuss the challenges facing global markets after a tumultuous week for the U.S. economy. China's stock market plunged on Monday (along with the U.S.'s), following the news that Standard and Poor downgraded America's credit rating. Chinese investors are concerned that the current poor economic climate in the U.S. will lead to decreased demand for Chinese exports. China is the largest U.S. foreign creditor, but over the weekend on Chinese websites many people were calling for China to invest less money in the U.S.
Friday, May 13, 2011
William Rhodes, former senior vice chairman of, and currently senior advisor to, Citigroup and Citibank, talks about his career, including working abroad with such figures as Fidel Castro, and his new book, Banker to the World: Leadership Lessons from the Front Lines of Global Finance.