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Written by Eben Esterhuizen
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That's probably what the Fed chairman said this morning when he woke up and saw the headlines. As it turns out, Jerome Kerviel is a 31 year old Frenchman who enjoys judo and sailing. He worked as a trader at Societe Generale, and somehow managed to lose almost €5 billion in a series of complex, concealed deals on European stock derivatives. Kerviel's colleagues described him as a "computer genius" who was allegedly able to hack into the bank's computers to hide his reckless trading.
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Written by Elaine Chan
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Photo:devan78, Creative Commons, Flickr
Trends return every twenty years, and in 2008, people are blowing like it's 1988. If you are in the party circuit, you might notice the white powder on somebody's nose, and it ain't powdered sugar.
Cocaine is back.
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Written by Jeanne Roberts
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Advertising agencies, as satirized on the television series "Mad Men," are rooted in, and drive, consumerism. "Mad Men" won a few Golden Globe awards this past week. I suppose it's only a matter of time before CorpWatch gives one of these agencies its tongue-in-cheek Geenwashing Academy Award.
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Written by Eben Esterhuizen
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Stock markets have been catching up to reality over the last few sessions. Up until recently there had been an argument that even if the U.S. economy performed poorly, there would be a decoupling and other countries would be alright. This assumption is now being questioned, leading to a global market meltdown. |
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Written by Elaine Chan
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Some people who have been taking certain antidepressants might begin to ask that question after reading an article on The Wall Street Journal (WSJ) today. The story goes that these drugs might not be as effective as the companies would have you believe.
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