THE LIFEWORTH REVIEW OF 2008

Hungry bubbles

Dr Jem Bendell Adjunct Associate Professor, Griffith Business School, Australia Niaz Alam Board Member, London Pensions Fund Authority/Senior Associate, Lifeworth Barbara Wettstein Research Officer, UNI Finance Global Union Olivier de Schutter: speculation in commodity markets has contributed to hunger Money, money, money. by mid-2008 money was certainly... Read more

From bail-outs to better capitalism

People began to realise just how bad the situation with the financial industry was when governments began bailing out major banks and insurers. They started in the US, in March 2008, with investment bank Bear Stearns. Then, in the space of ten days in September 2008, the two mortgage giants Fannie Mae and Freddie Mac were taken over by the federal government... Read more

The end of financial triumphalism

Bill Gross: we are all to blame Time will tell what the lessons of the financial crisis really are. One way of exploring the lessons is to look at how people were apportioning the blame at the time. From lenders to investors to regulators, it seemed everyone had blood on their hands. As Bill Gross, chief investment officer at Pimco, the world’s biggest... Read more

Beyond the Western financial crisis

‘The credit crunch is creating a new world order in banking and finance . . . It’s a world in which the Chinese state, if it co-ordinated the investments of its cash-rich institutions, could end up owning more-or-less the entire financial system of the US and the UK.’ That was the view of BBC business editor Robert Peston.44 Although the financial... Read more

Rainbows in the storm

As money was such a dominant issue in the third quarter of the year, let us round up some of the news in the socially responsible investing (SRI) field that caught our eye. Because, even though the financial crisis has overshadowed all other stories for all types of investors, there was no let-up in campaigns and news stories targeted at influencing... Read more

Rent-a-geek

‘We see things as we are, not as they are’ it says in the Talmud. If we are someone who wants to benefit from society’s resources and respect, and who therefore associates with the people, organisations and ideas ‘in power’, how will we see ‘things’? Will we see them in a way that accepts, even praises, the status quo, and scoff at ideas... Read more