Category Archives: Finance

Warren Buffet: The rich should be paying a lot more tax

While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a… Read More »

“How evangelical Christianity is taking a hold of the City of London’s financial institutions”

Former City banker Alex Preston writes in The Independent: The relationship between faith and finance runs deep. Quaker-run banks such as Barclays – founded three centuries ago on Lombard Street – survived when many of their peers crumbled during the crashes of the mid-1700s precisely because of the Christian ethics that underpinned their businesses. More… Read More »

Africa banking rising

According to a report by Bain & Company, quoted in a Reuters article: Bain Partner Andrew Tymms said the continent’s financial services industry will continue to grow at a compound annual rate of 15 percent to 2020, outpacing gross domestic product growth. “Retail banking will grow faster than corporate banking … to make up 38… Read More »

On the similarities between the financial rhetorics of colonialism and development

Since I have a background in Development Studies, and I am currently trying to develop a research plan for an ethnographic study of the Nigerian financial sector, the following, from Bill Maurer, Professor of Anthropology and Director, Institute for Money, Technology and Financial Inclusion, University of California, Irvine, resonates quite powerfully with me: Because European systems of… Read More »

CFP: Financialization and Everyday Life

Financialization and Everyday Life The 14th Berlin Roundtables on Transnationality conducted by the Irmgard Coninx Foundation, the Social Science Research Centre Berlin and Humboldt-University Berlin, 25 – 29 June 2011 Topic The recent financial crisis has once more revealed the power financial markets hold over everyday life. The financial and especially the credit and loan… Read More »

Can Nigeria make BRIC?

Check out this FT video report on what investors think of the current state of Nigeria’s financial sector. The reform of the financial sector has been targeted mainly at the banking sector, with the federal government’s decision to buy non-performing loans off the balance sheet of troubled banks. Some people, including the interviewee in the… Read More »