Economy Archive

Global Citizens Award

Bill Dunkelberg and his wife Sharon Javie are two remarkable individuals who work extremely well as a team. This Fall the Global Interdependence Center is honoring both of them with our prestigious Global Citizen Award.  Bill has chaired GIC for many... (more...)

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STRATEGIC DONATION TO GIC FROM PAUL MCCULLEY LEADS TO THE CREATION OF A GLOBAL SOCIETY OF FELLOWS

Great news for The Global Interdependence Center. It is an organization I support. -Mary Philadelphia, PA, December 2, 2010 – The Global Interdependence Center (GIC) is pleased to announce the establishment of the Global Society of Fellows, which... (more...)

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Reason to Believe

After years of hearing about (if not living in) a recession and after months of apocalyptic TV ads informing me that some incumbent has robbed my family of it’s future- it can be kinda tough feeling good about the world, my country and my own future. Today... (more...)

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Recession Officially Over – the Pain is Not

By JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) – The longest recession the country has endured since World War II ended in June 2009, a group that dates the beginning and end of recessions declared Monday. The National Bureau of Economic... (more...)

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Economy: No Easy Fix

By JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) – The Federal Reserve has little power left to lift the economy out of its rut. Congress, with an election looming, has no appetite for more stimulus. Shoppers are reluctant to spend, and businesses... (more...)

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What to Read this Summer: Free Event

June 3, 2010 The Global Interdependence Center Welcomes David Kotok,  Erin Arvedlund and John Authers GIC is delighted to welcome three distinguished experts to discuss their recent works. Presentations and discussion will be moderated by Mary Caraccioli,... (more...)

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Life After the Great Recession: A Conversation with Steve Forbes

Recently I sat down for a conversation with Steve Forbes. The head of the Forbes publishing empire is not shy about sharing his opinion about the markets or about his investment style. In part one of our conversation I asked him about life and investing... (more...)

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Are American Consumers Getting their Groove Back?

I have noticed an interesting trend as the nation continues to claw out of the ugly recession.  While the job picture remains bleak, those who do have jobs seem to be ready to exhale and do a little shopping.  The financial collapse of a year ago triggered... (more...)

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Unemployment hits 9.7%

That is higher than economists had expected. However the number of jobs lost, while high, continues to be “less-bad.”  What does it all mean?  As someone who went through the unemployment process this year and who knows lots of other people... (more...)

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Ford Chief Economist Ellen Hughes-Cromwick

Ellen Hughes-Cromwick made the case for Ford to concentrate on the emerging markets of Brazil, Russia, India and China (the BRICs) almost a decade ago. Her forecast was right on. Ford, the only major U.S. automaker to make it through the recession without... (more...)

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Stop Looking for Shoots

Enough with the search for green shoots. The Financial media is missing the point in its constant banter about green shoots. Yes there are green shoots, brown shoots, verdent pastures and drought-choked fields, but that isn’t the point. It is the... (more...)

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Derivatives Deconstructed

Most earthlings can not explain and don’t really want to understand the derivatives markets.  All we know is that they were the funky financial mechanisms that brought the economy (and Hank Paulson) to its knees.  You may not need to know the... (more...)

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Bolt Bus vs Amtrak

All Aboard the Bolt Bus in rainy NYC Lucky me– I live within one day’s drive of 25% of the nations’ population. It can be a convenience for sure, but living along the I-95 corridor is no picnic if you actually have to drive it. I can... (more...)

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The Opportunity

These are hard times… everything I thought I knew… or had planned seems to be unraveling. Investments for retirement and my daughter’s education, even my career path seems to be a mess. The economy has created challenges and has forced me to rethink... (more...)

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Future of Fuel Series: Ethanol’s Struggles

Almost 3 years after my visit to an ethanol plant in Central NY, the plant owners have filed for bankruptcy. The condition of the credit markets for the last six months have been incredibly difficult for many businesses. But the timing may also be a... (more...)

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And its Gone!

The entire episode is worth watching. The economic crisis gets reduced to a giant frozen drink blender. This is one short clip. Enjoy.  Read More →

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Zandi: The Economy, Obama, Bernanke and more

At a business event this Tuesday, respected economist Mark Zandi let the predictions fly. Below is a recap. Zandi, co-founder of Moody’s Economy.com, predicts that the economy will begin to recover at the end of the year. He expects the economy... (more...)

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Rules of the Road

  Rules get a bad rap. Too many of us think they are the handiwork of fascists who want to take away all of our fun. When I look at the catastrophe that has been created by the financial crisis, or hear the black box recording of a plane crash that... (more...)

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Jon Huntsman talks about the Economy and Ethics

Jon Huntsman talks about the Economy and Ethics

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Preemptive Strike to Battle Over Spending

Peer Pressure. You think once you are out of high school you never have to deal with it again? Wrong. When it comes to reigning in our spending our best friends can sometimes be our worst enemies. Why? Think about it, you know another dinner out—or... (more...)

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Chris Whalen on the Banks

If you think you are the smartest person in the room and you happen to work in finance, then you don’t want to see Chris Whalen walk in the door. Chris is one of the brightest minds on the street. He gets what has happened in the banking industry... (more...)

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H1N1: Prudence vs Hysteria

  In the last several days there has been increasing news coverage of how the media is blowing the H1N1 Virus (aka Swine Flu) out of proportion. Some have blamed the media for creating hysteria. While I am not ready to make-like-Joe-Biden (no confined... (more...)

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Banking Mess: Solutions to Think About

Thursday I attended a terrific conference presented by the Global Interdependence Center. The 27th Annual Monetary and Trade Conference included an impressive line up of guests. Many who you will hear from on this site (check out the video section) thanks... (more...)

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A Home to Own or to Borrow?

The Housing boom-bust cycle we’ve just experienced in the U.S. gives us the opportunity to re-think our strategy for paying for a roof over our head. Each day there are fewer people clamoring for universal homeownership. The reality is for many... (more...)

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Earth Week: New Laws Expected

With rash of hearings, bailouts, investigations and other such activities on Capital Hill, you may not have realized that legislation to help curb climate change is making its way through the U.S. House of Representatives. The U.S., following Europe’s... (more...)

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How Bad is the Economy?

  Cats are so dramatic!  Read More →

Getting Ready for the Rebound

There is a tiny sprig of green in the clay pot on my patio. Last summer purple clematis flowers spilled from the pot and weaved in and out of the railings. They were the picture of abundance. In the cold of winter and the ruthlessness of the financial... (more...)

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Martin Wolf of the Financial Times

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Jim Rogers: Part 5 of 5

Famed investor Jim Rogers explains why he sold his NYC (before real estate prices tumbled there) and moved his family to Singapore. He believes raising his children in Asia will give them the upper hand.  Read More →

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Jim Rogers: Part 4 of 5

In this part of Mary Caraccioli’s interview with Famed investor Jim Rogers, he discusses protectionism and globalization.  Read More →

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Jim Rogers: Part 3 of 5

In Part 3 of Mary Caraccioli’s interview with Jim Rogers he talks about what opportunities he believes are out there for investors as a result of the banking crisis and recession.  Read More →

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Jim Rogers Part 2of 5

Famed commodity investor Jim Rogers talks to Mary Caraccioli in late November 2008. This is part 1 of 5. Jim was bashing the government bank bailouts long before most critics. He has remained consistent in that criticism.  Read More →

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Mary Caraccioli Interviews Jim Rogers: Part 1 of 5

Mary Caraccioli Interviews Jim Rogers: Part 1 of 5

Famed commodity investor Jim Rogers talks to Mary Caraccioli in late November 2008. This is part 1 of 5. Jim was bashing the government bank bailouts long before most critics. He has remained consistent in that criticism. This is one of Mary’s... (more...)

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When You Become the News

Saying Goodbye After Our Final Show  I am my lead story. As my staff and I reported on the world’s economic turmoil for my nightly TV show Money Matters Today, we got the news. Our network, show, and jobs were being eliminated. Three-hundred-and-fifty... (more...)

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First Person: My Russia

By Mary Caraccioli If you don’t have time to sleep, then St. Petersburg in May is where you want to be. When you have 20 hours of daylight you can cram a lot into a day. Meetings with multinational executives, educators, entrepreneurs, a little site... (more...)

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One American Family

Each family offers a unique perspective on the condition of our communities and our country. In my case I am one of nine children. Each one of us is first generation in our careers– and no two of us have the same career. This has helped me tremendously... (more...)

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Financial Crisis: A Conversation with Steve Forbes

This morning central banks around the globe pulled off the difficult feat of a coordinated interest rate cut. The idea behind the cut is to help thaw the frozen credit markets. Banks won’t lend because they don’t have confidence that borrowers (including... (more...)

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Ask Mary

Question: I read the headlines…everything seems to be “the worst since the great depression.”  What defines a depression? Answer: A depression is a recession on steroids. It is often defined as a drop in consumption by 10% or more. Others... (more...)

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A New Look at Trash

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Archives

Financial Crisis: A Conversation with Steve Forbes Publish On 2008-10-08 , 9:24 PM By Mary Caraccioli October 8, 2008  This morning central banks around the globe pulled off the difficult feat of a coordinated interest rate cut. The idea... (more...)

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