What provokes Banking crisis

What led to the U.S. banking crisis of 2007-2008 occur?Many accounts have chronicled the bad decisions and poor risk management at places like Lehmann Brothers, the now-vanished investment bank. Two things have been identified , in tandem, that generate banking crises: One, a large amount of foreign investment surges into a country, and two, that country's economy … Continue reading What provokes Banking crisis

How walmart saved $60 million by just cutting cost.

WALMART will save $60 million annually by changing its process for buying shopping bags, CFO Brett Biggs said during a meeting with investors in New York. And Walmart is on track to save $100 million annually by centralizing how it maintains the equipment in its stores to be more energy efficient, according to Biggs. Walmart … Continue reading How walmart saved $60 million by just cutting cost.

How General Mills plans to revive cereal sales by selling a box for $13

General Mills’ plan to revive cereal sales includes a $13 box of the breakfast food. CEO Jeff Harmening said “Our strategy to drive continued cereals growth is centered on launching compelling innovation that offers taste, convenience and health benefits, while investing in brand building,”at the annual Consumer Analyst Group of New York (CAGNY) investor conference … Continue reading How General Mills plans to revive cereal sales by selling a box for $13

Coronavirus impact:Samsung offers phone delivery service for test use

Samsung has launched smartphone delivery services for customers to test its new products, as the spread of the coronavirus has prompted the tech giant to cancel promotional events and brace for weak store sales. The move highlights efforts made by the global smartphone industry, one of the tech sectors most hurt by the virus outbreak … Continue reading Coronavirus impact:Samsung offers phone delivery service for test use

The capitalist network that runs the world

Superconnected companies are red, very connected companies are yellow. The size of the dot represents revenue.The 1318 transnational corporations that form the core of the economy.Source:PloS One An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy. From Orbis 2007, a database … Continue reading The capitalist network that runs the world