One-stop source of info on current crisis

The money meltdown.


Generational tsunami ahead

By 2015, the United States will have more than 45 million households with people from 51 to 70 years old, compared with about 25 million for the “silent” generation, born from 1925 to 1945. Their real disposable income and consumption will be roughly 40 percent higher, and they will control nearly 60 percent of US net wealth.

The Necessary Revolution – Creating a Sustainable Future

The Industrial Era is ending. Its extraordinary successes—advances in literacy, life expectancy, human rights, and technology—have propelled us headlong into a myriad of side effects: food and water shortages, cyclonic destruction, prolonged drought and rising sea levels. To delay acknowledging the need for lifestyle and business changes risks our very survival.

A debate question for a class… or a Board meeting. The argument in favor of the statement is made at ChangeThis.

Eleven Emerging Challenges

The RAND Review has looked into the future and identified “important policy issues not currently receiving the attention they deserve in the public debate”. Managers should be mindful of many of them:

  1. The Aging Couple
  2. Corporate America’s Next Big Scandal
  3. Innovative Infrastructure
  4. The Day After: When Electronic Voting Machines Fail
  5. Reality Check for Defense Spending
  6. A New Anti-American Coalition
  7. The Future of Diplomacy: Real Time or Real Estate?
  8. Corporate Counterinsurgency
  9. Beating the Germ Insurgency
  10. A Second Reproductive Revolution
  11. From Nation-State to Nexus-State

Income gap doubles from 1980: Top earns 440 times more

Income inequality grew significantly in 2005, with the top 1 percent of Americans — those with incomes that year of more than $348,000 — receiving their largest share of national income since 1928, analysis of newly released tax data shows.The top 10 percent, roughly those earning more than $100,000, also reached a level of income share not seen since before the Depression.

While total reported income in the United States increased almost 9 percent in 2005, the most recent year for which such data is available, average incomes for those in the bottom 90 percent dipped slightly compared with the year before, dropping $172, or 0.6 percent.

The gains went largely to the top 1 percent, whose incomes rose to an average of more than $1.1 million each, an increase of more than $139,000, or about 14 percent.

The new data also shows that the top 300,000 Americans collectively enjoyed almost as much income as the bottom 150 million Americans. Per person, the top group received 440 times as much as the average person in the bottom half earned, nearly doubling the gap from 1980. (New York Times)

But how did we get here in the first place?

Nortel Networks, the large but troubled maker of communications equipment, said on Wednesday that it would eliminate more than 3,900 jobs in Europe and North America.

About 1,000 of those positions will be shifted to lower-cost operations in Mexico, China and India. Because Nortel is still hiring in sales and marketing, the total number of layoffs may be higher than the company’s estimate for the net result, a spokesman, Jay Barta, said. (…)

The announcement is the latest in a series of staff cuts dating back to 2001. At the end of last year, Nortel, based in Toronto, had about 34,000 employees, compared with 94,500 six years ago. (NYT)

Ling- English Manage the business Strategy


As founder of the Grameen Bank receives Nobel Peace Prize, the profile of microcredit lending grows

Bangladeshi Economist Claims Nobel Peace Prize [Real Player]

Nobel Peace Prize Award Ceremony 2006 [Windows Media Player]

Grameen [pdf, Windows Media Player

The Microcredit Summit Campaign [pdf] Loans that change lives