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How The World Works

How The World Works international business blog. A conversation about globalization.
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Behind every bubble: Goldman Sachs

Jun 25, 2009
Matt Taibbi is the Attila the Hun of contemporary journalism. He's not big on subtlety or nuance, but it is pointless to argue with the devastation and destruction left in his wake once he's...

Another day, another self-defeating energy bill compromise

Jun 24, 2009
The Waxman-Markey energy bill, a.k.a. "American Clean Energy and Security Act," now appears headed for a Friday vote in the House of Representatives -- but only after a few more compromises aimed...

G.M.'s Death Spiral Accelerates

May 15, 2009
If Thursday's spike in jobless claims was partially attributable to Chrysler layoffs, as some press reports have suggested, then worse is to come, judging by the news from General...

Obama crushes the Chrysler hedge funds

May 8, 2009
If the showdown between the White House and Chrysler's dissident hedge fund bondholders was the first round of a prizefight, then Obama just scored a knockout with his first punch. Last Thursday,...

Did dinner with Obama pay off for the White House?

May 8, 2009
So just what exactly, besides roast beef, did Obama feed Paul Krugman and Joseph Stiglitz at their dinner with the president on April 27? Check out these passages from the two Nobel Prize-winning...

Amazing Japanese bicycle parking technology

Nov 5, 2009
The Japanese have a problem: Illegal bicycle parking. The Japanese embrace technological solutions to problems. Q.E.D.: A robotic bike-parking machine conveniently located near subway stations that stores and retrieves bicycles quickly and...

How to squeeze workers to the last drop

Nov 5, 2009
The productivity of U.S. workers, reported the Bureau of Labor Statistics, on Thursday, grew a huge 9.5 percent in the third quarter of 2009. The figures are stark: Output increased 4.0 percent and hours worked decreased 5.0 percent. Overall, "unit...

The stock market and the "Obama agenda"

Nov 4, 2009
Here's what we know for sure. From the opening bell until about 3 p.m. EST stocks staged a strong rally. Then, in the last hour of trading, the rally collapsed, with most indexes ending up about even for the day. Bloomberg blamed the collapse on a...

Bankers look to Jesus for cover

Nov 4, 2009
It has come to this: desperate bankers are appearing in churches in order to make the claim that Jesus would have had no problem with million-dollar bonuses and  subprime mortgage-backed securities. OK -- maybe, that's a slight exaggeration. But...

Peak oil? Don't worry -- Obama's on the job

Nov 4, 2009
What if, as a result of efforts to fight climate change and boost energy efficiency, global oil demand peaked in the foreseeable future? You could argue that such an achievement would be one of the most historic accomplishments of human civilization to...


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