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News: Business

Credit Crunch: What Happens Next?

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Opinion: Business

Thinking Catholic: European leaders blame crisis on “speculative capitalism”

Thinking Catholic: European leaders blame crisis on “speculative capitalism” Europe’s financiers were seduced by the lure of easy subprime mortgage profits, just like everyone else, and they’re suffering now, just like everyone else. But give Europe credit for one thing: Thanks to its Catholic roots, Europe’s leaders understand that the financial crisis wasn’t caused by some vague form of “greed”; it was… READ MORE >


Opinion: Issues

After the Disaster: Back to the Family and Localism

After the Disaster: Back to the Family and Localism The rules of capitalism are being re-written. Banks are being nationalized. Governments are pouring money and incentives into the economic system. Interest rates are being lowered towards zero. Consumers are being asked to buy more in order to re-start the cycle of consumption-driven production, while Barak Obama gets on with saving the planet.… READ MORE >


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