Word: interconnectedness
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It seems old news to say the world has turned upside down: The flagship American financial services industry is in shambles, the free-market-prone Bush administration had to beg Congress to pass one of the largest government interventions in history, and before we know it, someone like Governor Sarah...
With the financial crisis leaving many Wall Street job opportunities in limbo, Harvard Business School’s prospective masters of the universe may find that they’d rather be champions of their community—and they’d be in luck.Professors V. Kasturi â?...
It sometimes takes a good financial crisis to remind us just how interconnected we are. When the New York stock market crashed in 1929 the economic shockwaves reached London, Paris and beyond, in one of the first examples of global economic contagion. News travels a little faster these days, and...
After establishing a supposed hard line against bailouts over the weekend with Lehman Brothers, the government abruptly abandoned it Tuesday and announced an $85 billion Federal Reserve loan to insurance giant AIG. The explanation: AIG was deemed too huge (its assets top $1 trillion), too global and too interconnected to...
The New Patriots With his velvet jacket and free- flowing mane, Takanori Aoki has a bit of the alt-rock star about him, but he's actually a designer with Japan's smallest automaker, Mitsuoka Motors. The company can't compete with a Toyota or Honda, so it has focused...