Economics, business & marketing
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Tom Elliott defends hedge funds
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We’ve survived the GFC and now greed might be good again, but can we start thinking about right and wrong in the financial sector. Hedge-fund manager Tom Elliott argues what his profession does and why, Rudyard Kipling-style “if you can make money while everyone else around you is losing it - that’s smart”.
What Would Jesus Do?
As Italian pensioners prepare to cop the brunt of bank foolhardiness, one minister has found it all too much. Italy’s welfare minister, Elsa Fornero, was delivering news of cuts to pensions at a press conference announcing a $30 billion austerity program when - on the cusp of uttering the word ‘sacrifice’ - she began to weep, cutting the press conference short. Fornero is part…
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