May 2015

Global banking

Are we really at the end of the road to recovery from the banking crisis? How much has it cost us all so far? Has anything changed? Could there be another crash? And what can be done about it anyway? The scandals and bonuses just keep on coming, from zombie banks to shadow banks. This Big Story looks at where it all came from and why, eight years on from the banking meltdown, so little real change has been achieved. Acting on some quite simple but fundamental home truths about finance would make a big difference.

2007年に世界を襲った銀行危機。私たちは、その危機から抜け出すことができたのだろうか? これまで私たちはどれほどのコストを負担してきたのだろうか? 何か変化は起こったのだろうか? 新たな危機の可能性はないのだろうか? 私たちには、何らかの打つ手はあるのだろうか? ゾンビ銀行やシャドーバンキング(影の銀行)から、スキャンダルとボーナスの話が次々と漏れ伝わってくるが、今月のメイン記事(The Big Story)では、その話の出所と、銀行危機から8年が経過したにもかかわらず、実際に起こった変化がわずかである原因を報告する。金融に関して、いくらかの極めて単純だが根本的で衝撃的な真実をもとに行動することは、大きな違いを生むだろう。






Stories making the news this month
6 Nicaragua’s canal controversy
6 Leviathan challenged in Israel
7 Violence flares in West Papua
7 Introducing Arvind Kejriwal
7 US girls get radical
8 Bangladesh: a death allowed
8 Paranoid empire
9 Dancing with big oil in Peru
9 Life-saving rats
PLUS: Scratchy Lines by cartoonist Simon Kneebone and Reasons to be Cheerful.

The Big Story
The Banks
10 The big bank boondoggle
Big private banks have been resurrected by the crisis they caused. David Ransom suggests there’s no greater folly than repeating the same mistake and expecting a different outcome.

12 Jargon Buster
Some terms you’d maybe rather not need to know.

16 The FACTS – Banks

18 Shadow over China
Jack Rasmus reports on the world’s creditor, increasingly engulfed by ‘shadow’ banks.

20 Rachel’s rocket and the risk factory
A cautionary tale, illustrated by Kate Charlesworth.

22 Too big to jail
Whistleblower Ian Taplin wonders what became of the rule of law.

23 Tipping the TTIP
The financial lobby plugging the latest free-trade deal, discussed with Kenneth Haar.

24 Getting away with murder
Susan George tells a story that’s beyond belief.

27 ACTION – What you can do
32 War nerves
Daiva Repeckaite reports on the rise of all things military in Lithuanian society.

Mixed Media
34 Music reviews
Ghosts & Graffiti by Thea Gilmore; and Never Were the Way She Was by Colin Stetson and Sarah Neufeld.

35 Film reviews
Phoenix, directed by Christian Petzold; and The Falling, directed by Carol Morley.

36 Book reviews
My Documents by Alejandro Zambra; Artwash by Mel Evans; Can Non-Europeans Think? by Hamid Dabashi; Chasing the Scream by Johann Hari.
PLUS: Also out there…

31 Mark engler
Can the world endure another Bush – or Clinton?

4 Letters
Irrational hopes, unintelligent science and why wind turbines aren’t all good.

5 Letter from Bangui
The role and influence of traditional leaders is often underestimated by international agencies, writes Ruby Diamonde.

28 Country Profile: Cote D’Ivoire

30 Big Bad World
Gaia laments her children’s shortsightedness in a one-page cartoon special from Polyp.

38 And Finally
Human rights activist Peter Tatchell has seen – and suffered – a lot in his decades of campaigning. But, he tells Cristiana Moisescu, he still believes in forgiveness.




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