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Volcano Business Lessons
April 20 (Bloomberg) “Stranded flyers created a surge in demand for travel industry Web sites and remote conferencing services as a shutdown of many flights in Europe continued through a sixth day.”…
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Moral Hazard & Short-Term Attitudes
In the fields of political science and economics, you will commonly see discussion of the “Principal-Agent Problem” (also known as agency dilemma) which deals with the outcomes of situations of conflicted interest,…
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The Arrogance of Globalisation
On March 29th 2010, The Economist reported that, “When the trials of four Rio Tinto employees opened in Shanghai last week, their guilty pleas to the first of the charges, of bribe-taking,…
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Business Without Borders: Google & Global Ethics
In a statement issued on March 22nd 2010, Human Rights Watch said, “Google’s decision to stop censoring its Chinese search engine is a strong step in favour of freedom of expression and…
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Economic Dependencies and Disasters
On March 11, 2011 at 05:46 UTC, Japan was hit with a Magnitude 9.0 Mega-Quake (the fourth largest earthquake ever recorded) . To put the size of this quake in perspective, it…
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Global Health: Sir Richard Feachem on Fighting Disease
In this interview, we speak to Sir Richard Feachem, who is Professor of Global Health at both the University of California, San Francisco, and the University of California, Berkeley, and Director of…
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Financial & Economic Bubbles: New Dangers
Recent economic events have brought the concept of financial bubbles from academic texts to the forefront of economic and commercial thought. Whereas economies used to be slow laborious creatures, the globalisation of…
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Learning Lessons from Crisis
“Just two days after Haiti’s earthquake, Leonel Fernández, the president of the neighbouring Dominican Republic, ordered a helicopter to fly him over the border for an unannounced visit. He was worried that…
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The Toyota Recall: Quality Crisis Analysis
“[Shares in] Toyota Motor Corp., the world’s largest carmaker, fell in Tokyo as it expanded a U.S. recall by more than 1 million vehicles to 5.35 million, adding to concerns its reputation…
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Dictators, Democracy and Home Truths
As Foreign Policy Magazine reports, “Equatorial Guinea’s economy depends almost entirely on oil, which generated revenues last year of well over $4 billion, giving it a per capita annual income of $37,900,…
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The Great Unwind: Federal Reserve Policy Reversal
“The Federal Reserve Board sent its most explicit signal yet that the emergency supply of liquidity to financial markets is done and the most aggressive monetary policy easing in its 96-year history…
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Could Greece End the Euro?
As I write this, my Bloomberg feed shows that, “Euro-region leaders [have] ordered Greece to get the bloc’s highest budget deficit under control and said they are prepared to take “determined” action…