Remembering a Significant Promoter (before the Age of Self-promotion)

Yesterday The New York Times published an obituary by Bruce Weber for Norman Seaman. This name is unlikely to be familiar to most readers, particularly those outside New York City; but it is important to remember him. In an age in which the Internet...

Free Market Rules

Last night Saskia Scholtes and Francesco Guerrera filed a Financial Times report from New York that provided some valuable lessons about how the “free market” really works. Here is the basic story: US banks stand to collect a record $38.5bn...

Thousands Working As Bonded Laborers in Rural Bangladesh

Tens of thousands of people are still working as bonded laborers in rural Bangladesh, say activists. Even though it is illegal, entire families, including children, are bonded to their employers while they struggle to pay back loans. “Thousands...