Posts Tagged ‘finance’
By D. T. Cochrane — October 22nd, 2008
The latest upheavals in the global financial markets have revived interest in the political economic analysis of Karl Marx. Sales of Marx’s opus Capital - which English media insists on calling by its untranslated German title, Das Kapital - have reportedly skyrocketed. The UK …
By D. T. Cochrane — January 28th, 2008
Although it has been met with stiff resistance in its efforts to offer banking services in the US, Wal-Mart has succeeded in opening a bank in Mexico. It plans to open 80 more by the end of 2008. Located within their …
By Cultural Shifts — January 27th, 2008
There is a short animated documentary called Money as Debt worth checking out. The video, which goes through a brief history of monetary and banking systems, raises a number of questions that relate to the US subprime crisis, not to mention the global financial …
By D. T. Cochrane — January 25th, 2008
A trader with the French bank Société Générale has been implicated in fraud that cost the bank $7.3 billion. Knowledgeable of the various security mechanisms meant to prevent this sort of fraud, Jerome Kerviel was able to hide his transactions from controllers. It …
