Globalization. It’s the buzzword of a generation, but what does the term really mean? Ask a Chinese economist, a South African cinematographer, an American cultural anthropologist, and a Mexican migrant worker, and each is likely to give a different definition.
The service sector used to be the stepchild of the business world, with a reputation for relatively low-paying positions in industries such as retail, banking and hospitality. No more. Service is drawing the attention of high-powered executives and academics alike.
What will be the tipping point for national legal recognition of gay marriage? Politicians, scholars, activists, and historians can all disagree but one thing is certain: the Supreme Court cannot avoid at least the first significant step toward that tipping point this month.
Anyone experiencing the current political climate might easily conclude that our system of governing is either severely dysfunctional, even broken.
Scam artists — the only criminals we refer to as artists — are quite clever at taking advantage of whatever is capturing public interest. Obamacare is no exception, particularly as data is collected during the October 1 launch of the initial open enrollment period.
This has been an eventful summer for all of us who care about the world. In June, we marked the 20th anniversary of the 1992 United Nations Earth Summit in Rio de Janeiro. In July, we recorded the hottest-ever month in the United States. In August and September, we listened to the two presidential candidates as they squared off on climate change in their respective convention speeches. And later in September, we learned that the drastic melting of the Arctic sea ice had set a new record, with ice covering just 24 percent of the surface of the Arctic Ocean.
During the financial crisis of 2007-2009, the banking industry suffered a huge decline in liquidity on their own balance sheets, decreasing the amount of money they could lend. Did banks’ efforts to absorb the liquidity shock spike a decline in overall credit supply?
Banks were hit hard during the 2007-2009 financial crisis: in a short span, interbank lending markets froze, markets for asset-backed and mortgage-backed securities collapsed, and borrowers utilized previously approved loan commitments.
Some cultural critics slam the mixing of art and economics, insisting that commerce cheapens creativity. For Ben Aslinger, that intersection is where things start to get interesting.
“Everything is economic in the long run,” says the assistant professor in Bentley’s English and Media Studies Department. “Our system of commodity exchange and payment actually creates the conditions for creativity.”
Boards of directors have two jobs: oversight and advising. But can too much oversight lead to worse advice?
“Once upon a time, serving as a corporate board director was a prestigious thing. Today, thanks to the intense burdens of monitoring and governance we’ve piled onto boards generally and independent directors specifically, board service is more like a pain in the backside. And now some clever academics have tried to quantify precisely how much that pain costs corporate operations” (Compliance Week, November 15, 2010).
The Boston Globe's 11/19/12 feature on selling hospice care to the public focused on the most benign aspects of that process. While it is true that hospice care in America was built through the commendable efforts of committed volunteers and grossly underpaid health care professionals, the current industry has morphed into the fastest growing “product” purchased with Medicare dollars.