Remove 2010 Remove GDP Remove Insurance Remove Marketing
article thumbnail

The Hidden Costs of Cash

Harvard Business Review

About 12% of the federal budget in 2012 supported programs that provide aid (other than health insurance or Social Security benefits) to poor families. Such government safety net programs kept some 25 million people out of poverty in 2010. While the overall costs of cash usage in all these markets are daunting, the U.S.

Cost 8
article thumbnail

What Greece Has to Do Now: Fix Its Economy

Harvard Business Review

As for its official debt to the EU, the ECB, and the IMF, it consisted largely of payments that were made to pass through to EU financial institutions, between 2010 and 2012, so that the Eurozone banks and insurance companies would not be imperiled. So, clemency on loan terms might make procedural sense.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Irish Banking Crisis: A Parable

Harvard Business Review

Umair Haque Blogs Umair Haque On: Global business , Competition , Economy The Irish Banking Crisis: A Parable 4:33 PM Monday November 29, 2010 | Comments () Email Tweet This Post to Facebook Share on LinkedIn Print Once upon a time, there was a country where bankers disappeared.

Banking 15
article thumbnail

We Can’t Undo Globalization, but We Can Improve It

Harvard Business Review

According to our analysis , trade accounted for only 20% of net manufacturing job losses in the United States between 2000 and 2010. its ratio of exports to GDP, has been rising slowly for decades but remains significantly lower than in the European Union, China, and India. Retraining does not involve a one-size-fits-all approach.

article thumbnail

What Alan Greenspan Has Learned Since 2008

Harvard Business Review

Not long after Alan Greenspan stepped down as Federal Reserve chairman in 2006, global financial markets began to unravel. Greenspan was never a hardline believer in the rationality of financial markets. It’s true of GDP. It’s true of all commodity markets. I mean, I was really put down. Fear beats greed.

article thumbnail

The Economic Record of the McCain Presidency

Harvard Business Review

Beyond that, a Republican president wouldn't have pushed for a big expansion of health insurance, as Obama did, or threatened an end to tax breaks enacted during the Bush years for those making more than $250,000 a year (which Obama has threatened , although he and Congress still haven't let the cuts expire). and GDP has grown faster.

IAS 13