A decade on from the 2008 global financial crisis, policymakers constantly assure us that the system is much safer today. The giant banks at the core of the meltdown have scaled back their risky bets, and everyone – investors, consumers, and central bankers – is still on high alert. Regulators have worked hard to ensure greater transparency and accountability in the banking industry. But are we really all that safe?
As the trade cycle turns, so goes the global economy. But there is a new twist. With growth in global trade sharply diminished since the 2008-2009 global financial crisis, an upsurge of protectionism and disrupted global supply chains is all the more problematic. There is a distinct possibility that a turn in an already weakened trade cycle could spark a surprisingly swift deterioration in the global economy
Our current diets are bad for our health and are harming the planet. Two billion people are now overweight or obese. Poor diet is the biggest cause of noncommunicable disease in the world, posing a greater risk of morbidity and mortality than unsafe sex, alcohol, tobacco, and drug abuse combined
Street protests in Budapest against new legislation governing overtime work – quickly dubbed the “slave law” – highlight the vulnerability of the illiberal democracies that have emerged in Central Europe. The law, introduced without any consultation, seeks to limit labor costs and mobility in order to keep foreign direct investment (FDI) – and jobs – in Hungary. It also benefits employers, including the new, politically connected elite that surrounds Prime Minister Viktor Orbán
The most frustrating part of my job as a public health scientist is the spread of false information – usually online – that overrides years of empirical research. It is difficult enough for doctors to counter medical falsehoods in face-to-face conversations with patients. It becomes even harder to do so when such fakery is transmitted via the Internet
Tesla delivered a second straight quarterly profit for the final months of 2018, a company first, but emphasized that staying in the black through this year's first quarter will be a struggle due to restructuring costs and delayed revenue from overseas sales of Model 3 electric cars. Separately, CFO Deepak Ahuja will be retiring later this year