Gateway House's Rajni Bakshi analyses the Mahatma's civilizational vision and explains how it can guide us through contemporary economic and identity-related conflicts.
Front running is a form of insider trading, where investment banks use customers' trading information to trade for themselves, ahead of their clients. This practise results in huge losses to the investors, and abates trust in financial markets. How can the Volcker Rule contain this practice on a global scale?
After the $2 billion loss reported by JP Morgan, one of the four U.S. mega banks, the odds for regulation may be better now. The sentiment is global: banks in Europe have already faced a small backlash, and the prevailing opinion in parts of Asia is not whether there would be another financial crisis, but when.
The 2012 Economic Outlook release, hosted by Gateway House and the International Monetary Fund on May 7th, has been reported in Live Mint, a business newspaper. The report outlines analysis and projections of economic developments in Asia-Pacific region for the year 2012
China seems to want the yuan to dethrone the dollar as the global reserve currency. But don’t expect China’s currency to take over anytime soon. The yuan will rise, but far slower than predicted, and Beijing’s puzzling efforts to help it along reveal flaws in the government’s divided and incremental approach.
Gateway House’s Hari Seshasayee interviewed Nicolas Krul. A stout defender of European unity, Krul discussed the origins of the crisis, the lessons learned, possible solutions and the opportunities for the emerging world.
With increasing debt and recession in the West, it seems no longer fitting for the rest of the world to follow traditional Western financial models. India’s long experience of capital markets, with its conservative and ‘inclusive’ financial regulatory system, on the other hand, makes for a compelling case study.
The Occupy Wall Street movement in the U.S. is gathering strength, with new groups of the aggrieved adding to the numbers of protestors. Gateway House’s editorial advisor Bob Dowling plunges into the crowd to gauge the depth of the movement, and the seriousness of the protestors’ intent.
The 2008 financial collapse has economists pondering over the stability of global economies and the ability of those with financial power to maintain their wealth. If such a situation recurs, who will be held accountable?