Bangladesh Factory Collapse Will Force Companies to Rethink Outsourced Manufacturing
The news of yet another disaster in the Bangladeshi garment industry will force large western corporations to reevaluate where they produce their goods.
The news of yet another disaster in the Bangladeshi garment industry will force large western corporations to reevaluate where they produce their goods.
Economic pundits are bemoaning the fact that first quarter GDP numbers released last Friday were weaker than expected – growth was 2.5% rather than the 3% that everyone had been expecting.
I actually took it as positive …
Manufacturing is back — but where are the jobs?
Margaret Thatcher was known as the woman who, from 1979 to 1990, brought austerity and — at least for part of her tenure — economic growth to a stagflation-riddled Britain. She’s also known as a heedless free-market …
U.S. manufacturing is back. That’s been the conventional economic wisdom for months now. But at least one economic seer is throwing a bit of cold water on the idea.
If the sequester is so bad for the economy, why are stocks nearing record highs? And, will Marissa Mayer’s edict on work at home change corporate America? For more on this, and the top stories of the week ahead, tune into Time’s Rana Foroohar on WNYC’s Money Talking.
Direct from Davos, the bubbles and risks that worry top bankers and CEOs
One of the best descriptions of Davos I ever heard originated with my friend David Rothkopf, the CEO of Foreign Policy, whose book “Superclass” is perhaps the definitive chronicle of Davos man. “Davos,” he says, “is a …
As the pragmatic conservative economist Herbert Stein once said, “If something cannot go on forever, it won’t.” I’ve been thinking about that saying a lot in relation to today’s bull market and the complacency with which investors seem to view it.
In 2013 businesses will push for new tax laws that allow them to keep all their earnings made overseas.
Gary Gensler, the chairman of the U.S. Commodity Futures Trading Commission, is now one of Wall Street’s toughest regulators.
Four years on from the financial crisis, new banking scandals still seem to break out every few months. But this week has been particularly bad for the industry. There was HSBC’s $1.9 billion settlement with the U.S. Justice Department over laundering money for Latin American drug cartels and helping countries like Iran, Cuba, Sudan, …