Ïîïóëÿðíûå ñîîáùåíèÿ

пятница

The financial crisis of 2008 caused such an enormous upheaval that future historians will long be asking: Who caused it? Who fixed it? Could it have turned out better?

Recently, two key players looked back: Former Treasury Secretary Timothy Geithner wrote Stress Test, Reflections on Financial Crisis, and Massachusetts Sen. Elizabeth Warren wrote A Fighting Chance.

The two reached opposite conclusions. Geithner believes the bank bailout proved its worth. Warren remains outraged that wealthy bankers have not been jailed.

So should the financial system's "rescuers" get our thanks for preventing a Second Great Depression, or our disdain for allowing a heist to go unpunished?

Business

On Income Inequality: A French Economist Vs. An American Capitalist

President Obama appeared in Normandy today to commemorate the 70th anniversary of the D-Day invasion. It's his fifth trip to France since becoming president, tying it with Mexico as the country Obama has visited most frequently.

We Americans love our fried shrimp, our sushi and our fish sticks. And a lot of other people around the world count on fish as a critical part of their diet, too. According to the Food and Agriculture Organization, fish now accounts for almost 17 percent of the world's intake of protein — in some coastal and island countries it's as high as 70 percent.

To keep up with the world's growing population and its appetite for seafood, we can't just rely on wild fish. Already, we're getting more of it from aquaculture.

And that farmed fish production will have to more than double by 2050 to meet demand, according to a report by the World Resources Institute. The potential environmental implications of that are pretty daunting.

i i

Wearing a red Union Bank polo shirt, high school senior Jerry Liu politely helps a peer with a bank deposit. With a waiting area and even a decorative plant on the table, this could be any bank branch — but right outside this island of adulthood are the hallways of Lincoln High School in Los Angeles.

This is one of three student-run Union Bank branches in California. They're all located in low-income, immigrant-heavy neighborhoods. You can only bank here if you're a student, teacher or parent, but these are real accounts handling real money.

“ You have some parents who say, 'Well, why would we allow that particular bank branch? Aren't we granting them, essentially, a monopoly on these relatively nave, unsophisticated children?'

Blog Archive