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Why the Greek Bailout Doesn’t Change Much of Anything…

The Facebook IPO: Marketing, hypocrisy, and arrogance; Why is the CEO pay not linked to performance?; Warren Buffett: Why stocks beat gold and bonds; What does ‘Keynesian’ mean?

February 10, 2012 1:03 by

Thursday’s deal is supposed to allow Greece to avoid default and prevent the Eurozone from breaking up – but the deal isn’t final, it can’t work, and the real problems lie elsewhere.
The social media juggernaut’s financial filing reveals some uncomfortable truths about Silicon Valley and Wall Street.
In an adaptation from his upcoming shareholder letter, the Oracle of Omaha explains why equities almost always beat the alternatives over time.
This column argues that, like so much in economics, the label has become politicised. The cost is an impoverished policy debate that is resulting in millions of avoidable job cuts.
Here is just one statistic: In 1978 the chief executive of British Aerospace was paid £29,000 a year. In 2010, the chief executive of BAE Systems, Ian King, was paid over £2.3m, a rise of 8,000%. The BBC asks is it fair to pay Ian King millions while the taxpayer bears the cost of sacking the workers?

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