Today marked the debut of “Money Talking,” a weekly radio show featuring TIME’s own Curious Capitalist columnist, Rana Foroohar, along with New York Times op-ed columnist Joe Nocera and veteran television journalist Jeff Greenfield, who hosts. Promising to “translate” the week’s most important economic and business news for those of us not fluent in financial jargon, the [...]
One of the more gratifying moments so far this year – at least in the realm of high finance – was the decision last week by shareholders of Citigroup to reject a $15 million pay package for CEO Vikram Pandit. The shareholders vetoed the award since they believed there was too big a disconnect between [...]
I have been thinking a lot about the economics of marriage, especially given that it’s such a huge issue in the Republican primaries. Rick Santorum has argued that to avoid poverty, all Americans need to do is finish high school and get married. But is it really that simple? To quote Beyonce, would poverty go [...]
Is the celebrity CEO back? You might think so given the buzz in business schools these days over the leadership lessons to be learned from the late Steve Jobs. Walter Isaacson’s best selling biography of the Apple founder gave us a uniquely anthropological view of Jobs, who was both bully and genius. That has a [...]
Last night at a cocktail party I attended in Davos, the queen of new media – Arianna Huffington – did a surprising thing. She asked people to unplug from their Blackberries and—gasp—slow down.
Is America in the middle of a manufacturing job revival? The latest numbers would make it seem so. The U.S. has added more net manufacturing jobs since the start of 2010 than the rest of the G7 nations put together, with only two other economies, Germany and Canada, increasing factory employment at all. The jump [...]
Watching the euro zone crisis is like watching a dysfunctional family come together at the holidays
Woe to the unfortunate souls still exposed to European debt. The smart money (read: people like Warren Buffett and the world’s more successful hedge funders) got out of it a year and a half ago
The Italians have a new word for their new leadership: Government Sachs. It’s a nod to the new crew of technocrats with shocking similar resumes – academic stints in economics in the US, bureaucratic jobs in the EU, time at Goldman Sachs – who are taking over in Europe. The technocrats now running Italy, Greece [...]
I wish there were a class called China 101 that every member of Congress had to attend. This would be the first lesson: if you really want the Chinese to do something, never pressure them about it in public. Loss of face is anathema in the Middle Kingdom. Which is why when the U.S. Senate passed a bill hinting [...]
