On May 10, JPMorgan Chase admitted a “grievous” failure in their trading operations that led to a $2 billion loss for the storied investment bank in the past six weeks alone. How does the latest money mismanagement stack up against history’s biggest losses?
Remember the recovery? It began officially way back in the middle of 2009, 18 months after the financial system—and then everything else in the American economy—fell apart. Given that nobody has seen much of a raise since then, and unemployment is still above 8%, you’d be forgiven for not noticing that there’s been a rebound—until, maybe, now.
Facebook’s initial public offering filings revealed the salary of its top execs as a percentage of company income, which is four times that of Apple’s executive staff. How does it compare to other top American companies?
As part of the kick-off to the World Economic Forum’s annual meeting in Davos, Switzerland, TIME International Editor Jim Frederick hosts a panel discussion on the future of capitalism: Can a system that came of age in the 20th century serve the needs of 21st?
A British company focuses on helping the environment and maintaining profits
A company finds a market for its “Smart Sponges”, chemically-engineered filters that effectively — and cheaply — purify storm-water runoff
A small U.S. company capitalizes on the growing popularity of Indian music and cinema
Faithful TIME.com blog-readers may have noticed something odd today: the blogs kind of disappeared. Long story short, we’ve had major server problems, and as a result we’ve had to re-launch all of our blogs on WordPress. The upside is a faster, better, more stable platform. The downside is we’ll need a few days to get [...]
