We at Ethical Markets highly recommend this interview with Raj Patel, relating our food crises with the new levels of speculation in financial markets, brought to our attention by Allan Savory , pioneer in restoring land and a member of our Advisory Board, – Hazel Henderson, Editor by Jonny Gordon-Farleigh …
Too Much Finance?
by Jean-Louis Arcand, Enrico Berkes and Ugo Panizza This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be “too much” finance. In particular, our results suggest that …
The Kay Review of UK Equity Markets and Long-term Decision Making
Click here to download the report (PDF) by John Kay for the Department for Business Innovation and Skills, UK, July 2012 “Financial intermediation depends on trust and confidence: the trust and confidence that savers who invest funds have in those they choose to manage these funds, and the trust and …
Wall Street Legend Sandy Weill: Break Up the Big Banks
A bomb shell for the financial industry: former Citigroup chief Sanford Weill says break-up the too big to fail banks. ~ Hazel Henderson, editor Former Citigroup Chairman & CEO Sanford I. Weill, the man who invented the financial supermarket, called for the breakup of big banks in an interview on …
Global Elite Hiding $21 Trillion from Taxman in Tax Havens
Do you wonder why it’s so hard to pay for adapting to the climate crisis, or what Mitt Romney, et alia, are really up to? Wonder no longer. £13tn: hoard hidden from taxman by global elite Study estimates staggering size of offshore economy Private banks help wealthiest to move cash …
Final Report of the Kay Review Launched Today – read the NSFM response
Network for Sustainable Financial Markets has posted a new item, ‘Final Report of the Kay Review Launched Today – read the NSFM response; Rob Lake on getting serious about long-term responsible investment; Andrew Clearfield on corporate misbehaviour‘ Later on today (23 July) Professor John Kay will be launching the final …
HSBC Exec Announces Resignation During Senate Hearing
HSBC Exec Announces Resignation During Senate Hearing ABC, July 17, 2012 By Matthew Mosk, Brian Moss, and Megan Churchmach The head of compliance for HSBC told a U.S. Senate committee that he will be stepping down from his job during a hearing over whether his bank, one of the world’s …
Off-Grid Financing
The ramifications of the Libor scandal–what Warren Buffett glibly called a can of worms that affects the whole world–grow by the day. Criminal indictments of individuals, even if firms are too big to indict, appear to be in the making as the tsunami’s shock waves are about to spread to …
PBS profile of Better Markets entitled “Breaking the Banks”
We wanted to let you know about the new PBS profile of Better Markets entitled ‘Breaking the Banks,’. This PBS Need to Know Special features interviews with Michael Masters, Founder and Chairman of the Board of Better Markets, and discussions with CEO and President Dennis Kelleher in our Washington, D.C. …
Europe Dithering on Tobin Tax
PARIS, Jul 9 2012 (IPS) – Despite the grave financial and sovereign debt crisis sweeping the region, the European Union has once again failed to reach unanimous approval of a proposition made by its executive body, the European Commission (EC), to tax financial transactions in order to reduce speculation and …