Saturday , 21 December 2024

Economy

"Street Fighters: The Last 72 Hours of Bear Stearns" – A Book by Kate Kelly (+2K Views)

What did the investment bankers at Bear Stearns ever do to earn their millions of dollars in bonuses? Where were the regulators when traders at Bear and other Wall Street firms peddled trillions of dollars in mortgage-backed bonds and derivatives, only to realize, too late, that no one had a clue what they were worth? The author keeps the you-are-there factor high much like a Shakespeare play, complete with three acts and characters dialoguing their way on and off stage. Words: 689

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"The Future Arrived Yesterday: The Rise of the Protean Corporation and What It Means for You" – A Book by Arthur Malone (2K Views)

The global economy has entered a new era, and a mercurial corporate form that the author calls the Protean Corporation will become the dominant species by the middle of the next decade. "These Protean Corporations," he writes, "will behave like perpetual entrepreneurial startups, continuously changing their form, direction, even their identity. They will be true corporate shape-shifters." Words: 661

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"The Design of Business" – A Book by Roger Martin (+2K Views)

This new book is a must-read for people who want to bake into their corporate cultures ingredients such as research, design and innovation. One of the greatest challenges in doing so, which the book deals with, is blending the two solitudes -- the "innovator" culture with the "bean-counter" culture. This is never easy, he writes, because they talk different languages and rely on different benchmarks. But winning companies have learned how to merge them, and then surgically select the best from each. Words: 451

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America's Inability to Increase Revenues Via Higher Taxes Will Ultimately Cause USD to Crash

A dollar crash might happen because foreign investors decide that the U.S. has fallen into a so-called tax trap, which occurs when a nation is unable to increase revenue by lifting tax rates. This circumstance, paired with mounting deficits, can lead to wholesale flight from a nation’s assets. The Chinese will only lend money if they think we will pay it back. Words: 697

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