Did the Italian bankers make it because they were good looking?

March 16, 2009

…well, this article from The Economist allow us to ask the question.

If trustwortiness can be assessed based on one’s look, well maybe the Italian bankers looked particularly good. Of course I am joking, but this type of study shows how important modern foreys in the human brain can be for Economic History. Lets say it as I see it: Economic History should become an experimental science.

Here is the original article.

Our Current Dilemma and Modern Recession History

February 9, 2009


A Comment written by Rich Marino

Whenever I’m home, I am always more than amazed at the political debates that take place in my country. At this point in time, both the Senate and the House are at odds about the size and scope of the Obama stimulus package. On the Republican side, there seems to be some disagreement in Obama’s stimulus message to “buy American” which they say is nothing more than protectionism. On the other hand, some members of the President’s party disagree with the sheer size of the package.

All of this squabbling, wrangling and child-like behavior begs the pertinent question: whatever happened to common sense? Obviously if the intent of the stimulus package is to create American jobs, and it’s paid for by the American taxpayer, we have no other choice than to create jobs for Americans which in this case has nothing to do with protectionism. In essence, the unemployed American is buying himself a job! In terms of the size, in my opinion $850 billion may not be big enough. Read the rest of this entry »

The World Economic Forum, Davos, 2009 in an Historical Context

January 30, 2009


A Comment written by Rich Marino

While watching all the spectacular people speaking in Davos, Switzerland this week, I couldn’t help but think that I had heard all of this before. It was a very surreal, very bizarre experience!  So, I took the liberty of visiting the website of the World Economic Forum in Davos, and I went to their archives and retrieved their oldest annual report which dates back 10 years to 1999. In that light, please find the following overview of the forum which took place at their annual meeting in Davos between January 28th and February 2nd, 1999: Read the rest of this entry »

The Obama Presidency and Economic History

January 20, 2009

A Commentary written by Rich Marino

As an American living in London, I’m watching and listening to all the hoopla and fanfare of the oncoming presidential inauguration of Barack Obama on a television set inside the foyer of a London library.

Clearly, America has demonstrated to the world that it has come a very long way in terms of race relations, but the reality of it all won’t be when the President-Elect raises his hand and is sworn in by the Chief Justice, and it won’t be at all the gala events and dinners that he and his lovely wife, Michelle will attend. No, reality will set in the first time President Obama walks into the Oval Office and he closes his door behind him and no one else is in the room, and at that point, he will realize first hand the enormity of the task facing his Administration. Read the rest of this entry »