In an era where every day seems to bring a new article about banks doing silly things (liar loans are my current favourite), it’s refreshing to learn about a bank that’s actually doing something great. Unfortunately for those of us in North America, this bank is in India. Technology Review has an article in this… Continue reading Banking With A Difference
Category: Business
Leading Indicators of a Credit Crisis
I recently got a credit card from Capital One and shortly after it arrived I received a brochure from them that contained the following: These are three stickers that I’m supposed to put on my calendar to remind myself to pay my credit card bill. Am I the only one who finds this a little… Continue reading Leading Indicators of a Credit Crisis
Thursday Morning Epiphany
Every day I walk past Rozzo & Sons fish wholesalers. It’s a furnace of nasty smells on Ninth Ave. By the time I’m going to work they’ve been up for hours and the street has been reduced to a sea of boxes, melting ice and fishy water. There are two things I love about it.… Continue reading Thursday Morning Epiphany
Rolling The Dice
Glaxo Smithkline has a problem. It’s not creating enough blockbuster drugs. Its share price lives and dies by its ability to create the next Avandia. It’s a tough process as it takes, on average, 90 months (that’s 7 years!) and $802 million to get a drug to market (that includes the cost of all the failed… Continue reading Rolling The Dice
The Giant Pool o’ Money
I just finished listening to This American Life‘s story on The Giant Pool of Money a.k.a. how the subprime mortgage fiasco became the credit crunch. It’s a fascinating story, made all the more real by their “man on the street” interviews. I highly recommend listening to it so you can get a taste of the… Continue reading The Giant Pool o’ Money