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Global Economy

Lehman Brothers Exploited Fault in Global System to Hide Millions

nytimes.com | Posted 05.25.2011 | Business

The Lehman case shows, for one thing, how bankers exploited weaknesses in United States accounting standards -- seemingly without objection from the f...

World's Top Financial Centers - London's Finance Lead May Be Shrinking

Huffington Post | Grace Kiser | Posted 05.25.2011 | Business

Nearly all of the world's financial centers have rebounded from the financial crisis, but the gains have not been experienced equally across cities, a...

Moving Millions: How Coyote Capitalism Fuels Global Immigration

Geri Spieler | Posted 05.25.2011 | Books
Geri Spieler

While Moving Millions is well written, with excellent documentation, it is often challenging to navigate the context of the various episodes throughout the book.

Greece and the Euro: Recession With No Exit

Barry D. Wood | Posted 05.25.2011 | World
Barry D. Wood

Now the Greeks don't know what hit them and they're already wishing they still had their tattered drachmas. Why?

Will Global Natural Disasters Compound Global Financial Disasters?

Damien Hoffman | Posted 05.25.2011 | Business
Damien Hoffman

As more natural disasters require billions of dollars in costs, it appears we have one more speed bump in the way of economic healing.

Central Bank Independence: From Whom?

Mark Weisbrot | Posted 05.25.2011 | Business
Mark Weisbrot

The argument for an independent central bank is more purely an elitist argument. It really boils down to the idea that monetary policy is too important for the "uneducated" masses to have an influence over it.

A 10-Point Program for Job Creation and Economic Transformation

Bradford Kane | Posted 05.25.2011 | Politics
Bradford Kane

The focus of job proposals should be on transformative economic development in key industries that hold the promise of becoming the drivers of economic prosperity for years to come.

Simon Johnson's Analysis: Economist's Testimony Predicts Changes In 2010

Baseline Scenario | Posted 05.25.2011 | Business

In recent months, the US economy entered a recovery phase following the severe credit crisis-induced recession of 2008-09. While slower than it shoul...

Modernizing Russia Through Innovation

Arkady Dvorkovich | Posted 05.25.2011 | World
Arkady Dvorkovich

The necessity for a radical change in Russia's economic development paradigm has become clear in recent years, with President Medvedev responding forcibly.

Greek Stocks Down 3.9% In 'A Wholesale Selling Off Of The Country'

wsj.com | ALKMAN GRANITSAS | Posted 05.25.2011 | Business

The Athens Stock Exchange's general index closed 3.9% lower at 1806.40 on relatively heavy turnover, while major markets firmed. Investors also demand...

Simon Johnson: U.K. Economy 'Faces Crisis', G7 Is 'Fundamentally Useless'

BBC | Posted 05.25.2011 | Business

Britain should be seen in the same category of countries as Greece and Spain, who are facing severe debt problems, a leading economist has said. Ex-I...

Simon Johnson: Europe Risks Another Global Depression

Baseline Scenario | Posted 05.25.2011 | Business

The entirely pointless G7 meeting this weekend only served to underline the fact that Europe is again entering a serious economic crisis. At the end ...

Geithner: Global Bank reform still needed

washingtonpost.com | Posted 05.25.2011 | Business

Treasury Secretary Timothy F. Geithner said Saturday that the recovery in the global economy has not caused major economies to ease up on their commit...

Left, Right & Center: Global Markets Reeling, China Flexes its Muscle, and Apologies

HuffPost Radio | Posted 05.25.2011 | Politics
HuffPost Radio

China has begun to flex its muscle, complaining about Obama's choice to meet the Dalai Lama and provide military support to Taiwan. And all those apologies! What's up with that?

New York: A Global City for the Global Economy

Steven Cohen | Posted 05.25.2011 | New York
Steven Cohen

New York's role as a gathering place is what makes this city work, and this strategy is central to the nation's long-term prosperity and competitive edge. Yet this is not always understood well.

Collapse of the Global Economy Due to High Oil Prices?

Josh Garrett | Posted 05.25.2011 | Green
Josh Garrett

Jeff Rubin is not a traditional peak oil alarmist -- he doesn't think that the world's supply of crude will run out and cause resource wars and food shortages of apocalyptic proportions.

The Tempest in the Teapot of China's Command Economy

Jim Jubak | Posted 05.25.2011 | Business
Jim Jubak

We're getting a lesson in exactly how messy a command economy can be in China right now. And it's roiling stock markets around the globe.

Creating Change in the Midst of Crisis: Re-thinking Our Values

Jim Wallis | Posted 05.25.2011 | Politics
Jim Wallis

In past years at Davos, I often found myself in early morning optional sessions on social responsibility, in small rooms on the third floor of the con...

Pray to the Gods of Capital, Or Build a New Economy

Zack Exley | Posted 05.25.2011 | Business
Zack Exley

We need to start imagining and preparing for a global, coordinated economic transformation on the scale of a world war -- not only to restore jobs, but to restore means of making a sustainable living to everyone on Earth.

The Winds Are Still Blowing East

Zachary Karabell | Posted 05.25.2011 | World
Zachary Karabell

China is emerging as the new power in the global economic pantheon, and their embrace of Russia is a clear sign that they wish to become less engaged with the U.S. rather than more.

Left, Right & Center: A Look Back at 2009

HuffPost Radio | Posted 05.25.2011 | Politics
HuffPost Radio

Was the Obama presidency the biggest story of 2009 or was it the economy?

Virtual Exhibit Economica Spurs Discussion of Women's Global Earning Potential

Emily Goligoski | Posted 05.25.2011 | Impact
Emily Goligoski

The International Museum of Women exhibit Economica manages to humanize the impact of policymakers' and institutional decisions by inviting women to tell their stories themselves.

Onward and Upward - Girls' Issues Make an Impact at TEDIndia and in Ethiopia

Maria Eitel | Posted 05.25.2011 | World
Maria Eitel

TEDIndia was further proof that girls are clearly getting on governments' and organizations' agendas.

Rio Wins! Good News for the Global South

Chelsea-Lyn Rudder | Posted 05.25.2011 | World
Chelsea-Lyn Rudder

Countries like Brazil are now in a position to compete successfully in the athletic events that comprise the Games, and also to provide the venue for the competition.

2009's Top News Stories

Pamela Tom | Posted 05.25.2011 | Media
Pamela Tom

If you're anything like me -- living in this mad, mad world of information overload -- it may be difficult to look back at 2009 and remember the big news stories that defined this year.