The Incentive Bubble (
ungated pdf) - "The fraying of the compact of American capitalism by rising income inequality and repeated governance crises is disturbing. But misallocations of financial, real, and human capital arising from the financial-incentive bubble are much more worrisome to those concerned with the competitiveness of the American economy."
[more inside]
posted by kliuless
on Apr 3, 2012 -
54 comments
The Higher Education (Debt) Bubble - "[H]igh and increasing college costs mean students need to take out more loans, more loans mean more securities lenders can package and sell, more selling means lenders can offer more loans with the capital they raise, which means colleges can continue to raise costs. The result is over $800 billion in outstanding student debt, over 30 percent of it securitized, and the federal government directly or indirectly on the hook for almost all of it. If this sounds familiar, it probably should...
[more inside]
posted by kliuless
on May 17, 2011 -
185 comments
How two American kids became big-time weapons traders - "Working with nothing but an Internet connection, a couple of cellphones and a steady supply of weed, the two friends — one with a few college credits, the other a high school dropout — had beaten out Fortune 500 giants like General Dynamics to score the huge arms contract. With a single deal, two stoners from Miami Beach had turned themselves into the least likely merchants of death in history." (
via; previously on
arms contractors)
posted by kliuless
on Mar 21, 2011 -
69 comments
Shared social responsibility -
When customers could pay what they wanted in the knowledge that half of that would go to charity, sales and profits went through the roof ... Gneezy describes the combination of charitable donations and paying what you like as 'shared social responsibility', where businesses and customers work together for the public good. (via
mr) [also see
1,
2,
3]
posted by kliuless
on Jul 28, 2010 -
19 comments
Plunging into the shadows: "In
thinly traded, lightly regulated and untransparent markets,
the bold can make an awful lot of money—and
they can lose it on an even more extravagant scale... In today's caffeine-fuelled dealing rooms, a barely regulated private-equity group could very well borrow money from syndicates of private lenders, including hedge funds, to spend on taking public companies private. At each stage,
risks can be converted into securities, sliced up, repackaged, sold on and sliced up again. The endless opportunities to
write contracts on underlying debt instruments explains why
the outstanding value of credit-derivatives contracts has rocketed to $26 trillion—$9 trillion more than six months ago, and seven times as much as in 2003."
posted by kliuless
on Sep 24, 2006 -
27 comments
Earthly Empires: How evangelical churches are borrowing from the business playbook - "The triumph of evangelical Christianity is profoundly reshaping many aspects of American politics and society... This year, the 16.4 million-member Southern Baptist Convention plans to 'plant' 1,800 new churches using by-the-book niche-marketing tactics. 'We have cowboy churches for people working on ranches, country music churches, even several motorcycle churches aimed at bikers', says Martin King, a spokesman for the Southern Baptists' North American Mission Board... Many of today's evangelicals hope to expand their clout even further. They're also gaining by taking their views into Corporate America. Exhibit A:
the recent clash at software giant Microsoft."
posted by kliuless
on May 15, 2005 -
35 comments
