June 15th, 2009
Larry Summers and Timothy Geithner co-authored a piece in the Washington Post today which details five issues that need to addressed in the current financial system and details their plan to deal with each issue. The first 4 issues are domestic in nature, and they lay out plans to deal with each; the fifth priority is the issue regarding regulation in the international financial system, and their plan for addressing this issue is less than clear. From today's
Post:
Fifth, and finally, we live in a globalized world, and the actions we take...
June 12th, 2009
Business Week has a great article about a new oath "to do no harm" that is being taken by MBAs around the word. Started by 2nd year MBA students at Harvard, the oath defines business management as a profession whose ultimate "purpose is to serve the greater good" and expects its takers to "act with utmost integrity." It now appears to be catching on around the world. From the
article:
So far, people from 115 countries representing 49 languages have visited the MBA Oath Web site, where visitors can also find links to some...
June 11th, 2009
An article in the
Financial Times today uses a report from One to highlight the fact that France and Italy have not met the development goals set by the G7 at the 2005 Gleneagles Summit:
A leading development lobby group has condemned Italy and France for failing to meet targets to increase aid to sub-Saharan Africa and called on the G7 and other international organisations to take sanctions against such breaches in future...
One made the call as it published a new report assessing the progress of G7 countries in meeting targets to increase aid to...
June 9th, 2009
If ever there was doubt about the role that banks actively play in tax evasion, the following article has laid it to rest. An article published by Bloomberg this week shares the thoughts of Bradley Birkenfeld, a former UBS private banker and admitted felon. From
Bloomberg:
“This was a massive machine,” Birkenfeld told Senate investigators on Oct. 11, 2007. He said UBS bankers crisscrossed the U.S. -- without required licensing from the Securities and Exchange Commission -- to find wealthy American customers...
As many as 60 UBS private bankers trolled for clients at UBS-sponsored...
