Tag Archives: financial crisis

Dead Ahead: Similar Early Warning Signals of Change in Climate, Ecosystems, Financial Markets, Human Health

What do abrupt changes in ocean circulation and Earth’s climate, shifts in wildlife populations and ecosystems, the global finance market and its system-wide crashes, and asthma attacks and epileptic seizures have in common? According to a paper published this week in … Continue reading

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Modelling leverage and the financial crisis

Science reports on agent based models of financial leverage -Leverage: The Root of All Financial Turmoil: Given that in the buildup to the recent global economic meltdown hedge funds had been leveraging their deals by ratios of 30-to-1 (that is, … Continue reading

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Managing disturbance by planned city shrinkage

Managing collapse? Creative urban shrinkage in Flint, Michigan from the New York Times  An Effort to Save Flint, Mich., by Shrinking It “Decline in Flint is like gravity, a fact of life,” said Dan Kildee, the Genesee County treasurer and … Continue reading

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The financial crisis as a failure of management

Henry Mintzberg, professor of management studies at McGill University, writing on America’s monumental failure of management in the Toronto Globe and Mail: What we have is a government that palliates: It provides geriatric medicine to its oldest, sickest enterprises in … Continue reading

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Scenario: Resilience Economics

Futurist Jamais Cascio presents a scenario set twenty years in the future where the world post-capitalism is based on resilience economics. He writes from the point of view of someone living in that future on his blog Open the Future: … Continue reading

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More on Iceland and the Financial Crisis

Michael Lewis writes vividly about Iceland, fishing, and its financial crisis in his Vanity Fair article Wall Street on the Tundra: Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are … Continue reading

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After Iceland’s crisis – social reorganization?

From the Guardian After the crash, Iceland’s women lead the rescue Icelandic women are … more likely to be thinking about how to put right the mess their men have made of the banking system than about cooking them comfort … Continue reading

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Shared pre-analytical vision, and groupthink and economics

On the Economix Blog, economist Uwe Reinhardt writes An Economist’s Mea Culpa that argues that economists have become locked into a too narrow pre-analytical vison of how the world works: Fewer than a dozen prominent economists saw this economic train … Continue reading

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Stephen Pyne compares California Fires and the Financial Crisis

Fire historian Stephen Pyne writes in the Tyee A Wildfire Expert Views the Money Meltdown: There are no absolute assurances that wildfire will not from time to time spill over into settlements, any more than markets won’t fizz and bubble; … Continue reading

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Willful ignorance and the financial crisis – part 2

Gretchen Morgenson writes on the roots of the collapse of Merrill Lynch in How the Thundering Herd Faltered and Fell as part of a New York Times series on the financial crisis: “In 1997 and 1998, when we invented super … Continue reading

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