What’s Happening in India?
The Wall Street Journal recently published an essay about India that asks why the country isn’t growing faster. The author is Raghuram Rajan of the University of Chicago, and he blames the political system. These connect to the two obvious issues, corruption and low literacy. India should be an economic giant. It has diverse national [...]
Fraud! Fraud! Fraud!
This Monday brought news of suspected bribery at Walmart and fraud charges against the former head of CalPERS. It’s a useful reminder about the limits of human frailty and of social investing. Walmart is one of the most environmentally conscious companies out there, and CalPERS runs a great shareholder activism program. But both play in [...]
