Paul Krugman - The Economic Meltdown & What Have We Learned (If Anything)

Ex Goldman Sachs Trader Tells Truth About Trading

On February 7th 2013, the Institute of Trading and Portfolio Managements Managing Partner Anton Kreil was interviewed at Cass Business School by students of the University. In this exclusive interview Kreil gives an insight into the trends occurring in world financial markets for professional and retail traders, his thoughts on the world of banking, hedge funds, career progression for graduates within the industry and what the future may hold for those graduates seeking employment at Banks and Hedge Funds.






‘Institute of Trading and Portfolio Management' »

CrossTalk: McDonaldization

Has the American dream come to an end? What does the recent McDonald's minimum wage guide say about the nature of labor in the US? And, is there a way to improve income disparity? CrossTalking with Austin Petersen and Eric Draitser.

'Starvation & Poverty Result from Greek Bailouts'

After having forced through further austerity measures Greece is set to receive its next bailout instalment. The bailout comes at the expense of thousands of public sector jobs. A rescue loan of 4 billion euros will come from the eurozone and European central banks. The IMF is also expected stump up a further 1.8 billion. To get the loans, Athens will have to fire 4000 civil servants by the end of the year. Greece has been relying on rescue funds for over three years now, but as financial expert Patrick Young explains, it's done little to cure the country's financial woes.

Spain’s Crisis Fades as Exports Transform Country

Read the Bloomberg article here | Angeline Benoit & Manuel Baigorri | Tuesday, June 04, 2013

Media Not Buying Obama's Economic Push?

President revisits old rhetoric

The Secret World of Gold (Full Documentary)

BBC Documentary: Who Gets the Best Jobs?

Richard Bilton examines the social barriers that have contributed to the UK being more unequal than at any other time in history.

Abercrombie & Fitch Faces French Inquiry Over 'Models'

BBC: France's official human rights watchdog is investigating the US clothes retailer Abercrombie and Fitch (A&F) over possible discrimination based on job applicants' physical appearance.

The company says it employs models to attract customers, but the watchdog says it suspects that the employees are in fact salespeople.

Bare-chested men at its shops pose for photos beside young female customers.

The regulator says good looks should not be required for sales staff. » | Thursday, July 25, 2013

Emergency Exit: Greeks Flee Country as Government Resorts to Mass Layoffs

Greece entered the world financial crisis in 2008 with less than 10 percent of the country's labor force out of work. Today, more than a quarter of the population is left without jobs and with no apparent chance of getting one. The latest figures from the finance ministry show another 23 percent doesn't earn enough to stay above the poverty line. And, as RT's Egor Piskunov reports, Greeks are now looking elsewhere for their future.

The Rothschild Family - Puppet Masters - World's Only Trillionaires - Full Documentary

"Give me control of a nation's money and I care not who makes the laws." "We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent." ~ Rothschild

Goldman Sachs: Power and Peril - Documentary

Goldman Sachs has come under intense scrutiny following a government investigation into its practices. The firm is a powerhouse whose 34,000 employees are known as the best and the brightest. It's unique corporate culture and its long history of success have always been the envy of its competitors ... but now Goldman Sachs is fighting to maintain its reputation. The firm has been accused by some critics of misleading investors, and taken to task for accepting a government bailout when, less than a year later, it was able to reap massive profits. Some ask if its connections to the many Goldman alumni who went on to influential government positions gave it an unfair advantage in surviving the global financial crisis.

In this CNBC original documentary, correspondent David Faber reveals how Goldman Sachs benefited from some of its most controversial deals before, during and after the economic collapse. He describes how Goldman, throughout its history, has fought back from adversity with innovation and fierce competitiveness. Faber also examines the future of Goldman Sachs, asking whether the bank can maintain its dominant position atop the world of finance.

Schweiz: Swisscom-Chef Schloter ist tot

THE INDEPENDENT: Swisscom chief executive Carsten Schloter who committed ‘suicide’ could not stop looking at his smartphone: Stressed by work and life, Swisscom CEO failed to follow advice about switching off » | Tony Paterson | Berlin | Wednesday, July 24, 2013

Duales Berufsbildung in Spanien

Eines der ganz grossen Probleme der Euro-Krise ist die enorme Jugendarbeitslosigkeit. In Spanien sind 56 Prozent der Jugendlichen ohne Arbeit. Jetzt soll die duale Berufsbildung diese Quote senken.

Cuba 2012 : BBC Documentary

Adventurer and journalist Simon Reeve heads to Cuba to find a communist country in the middle of a capitalist revolution. Two years ago Cuba announced the most sweeping and radical economic reforms the country has seen in decades. From ending state rationing to cutting one million public-sector jobs, one of the last communist bastions in the world has begun rolling back the state on an unprecedented scale. Simon Reeve meets ordinary Cubans whose lives are being transformed, from the owners of fledgling businesses to the newly rich estate agents selling properties worth up to 750,000 pounds.

NS&I Cuts the Premium Bond Prize Fund

YAHOO! FINANCE: The prize fund available to Premium Bond holders is being slashed and the odds of winning will drop to from 24,000 to one to 26,000 to one next month. What's more, the annual interest rate on the entire savings pot will drop from 1.5% to 1.3%.

The changes will come into effect from 1st August, National Savings & Investments (NS&I), the Government organisation behind the bonds, confirmed today.

Lower chances of winning

As the overall prize fund is being reduced, there will be a smaller chance of winning on the Premium Bonds.

In July, the total value of the tax-free prizes was £57,099,325. This is predicted to fall to £49,321,500 in August.

And the total number of prizes will drop to 1,751,061, from 1,903,314.

NS&I says the change is happening because of falling interest rates on savings accounts. This has led to an increase in demand for the bonds and has put NS&I in danger of taking in more money than it needs to support the government's borrowing. » | lovemoney.com | Tuesday, July 23, 2013

Born Rich: Jamie Johnson (Johnson & Johnson)

Austerity Axe: More Greek Jobs to Be Cut for International Lenders' Sake

The Greek government is pressing ahead with austerity - having approved more public-sector job cuts, struggling to please its international lenders. That's despite a massive general strike - and thousands-strong rallies, bringing public services to a standstill earlier this week. To secure its next bailout tranche, Athens will have to redeploy - or axe - 25 thousand civil servants. RT's Egor Piskunov has been on the streets of Athens, talking to the protesters.

Who Killed Detroit? Not Who You Think

THE GLOBE AND MAIL: The last person to leave Detroit won’t have to turn out the lights. The city has been in darkness for decades.

Forty per cent of the street lights are out because of broken bulbs, neglect and copper thieves. Last year, the mayor unveiled a plan to save money by cutting out lighting in less-populated areas. “We’re not going to light distressed areas like we light other areas,” said the city’s chief operating officer.

I’m old enough to remember when Detroit was a great American city. Today, it can’t deliver basic services. Firefighters can’t use the ladders on their trucks because they haven’t been inspected in years. Police take nearly an hour to respond to the most serious emergency calls. People know not to call 911 if they have a heart attack – they’ll probably be dead before the ambulance arrives.

People who could get out have already done so. The population has plunged from 1.8 million to 700,000 since the 1950s, and large parts of the city have reverted to the wild. Some houses are worth less than the cost of demolition, so some people who decide to leave simply walk away. “The city is past being a city now; it’s gone,” resident Kendrick Benguche told The New York Times.

Who or what killed Detroit? The conventional narrative is the collapse of the auto industry, exacerbated by white flight, which gutted the tax base and sent the city into a death spiral. But other cities’ economies have collapsed, and they’ve come back. The answer, in Detroit’s case, is decades of mismanagement, incompetence and looting that went ignored by anyone who could do anything about it. As commentator Walter Russell Mead, who has been brilliant on this subject, has written, the people who ran Detroit were largely indistinguishable from a criminal enterprise. » | Margaret Wente | The Globe and Mail | Saturday, July 20, 2013

Industrial Ghosts - USA

Detroit was once the symbol of America's industrial power; the birthplace of Ford, the assembly line and the home of GM. But now it feels more like a ghost town littered with abandoned buildings. ¶ In 1913 Detroit was booming but when the Great Depression hit, this abruptly ended. Between 2006 and 2008 four of GM's plants in Michigan closed, and more than 15,000 are homeless in the city. "There's no work in Michigan... all you see is vacant houses" explains one homeless resident. As industries move to areas with cheaper labour, former assembly line workers and buildings are left useless.

THE DAILY TELEGRAPH: Detroit bankruptcy: survival the only goal in city that once epitomised the American dream: Even by the desolate standards of Detroit's inner city wastelands, the maze of potholed streets around the Obedient Missionary Baptist Church are a desperate sight. » | Philip Sherwell, Detroit | Friday, July 19, 2013