No matter where you look, social services are being cut at the very moment they are needed the most. These cuts are aftershocks of the 2008 crisis. But now, if what Roubini predicts comes to pass, the nonprofit world will have a catastrophe on top of a crisis.
At the Council on the Future of Europe, the dominant note was of nervousness at the state of Spain's financial system, combined with resolve to rally German opinion behind greater fiscal coordination and debt mutualization.
People interviewed in Inside Job claim that finance professionals deserve their money. But can someone rationally argue that someone earning $30 million/year works 1,000 times harder than someone earning $30,000/year?