What did you do in the great financial crash, grandad?

Reuters European HQ in Canary Wharf London, pictured in 2006
I remember asking my grandfather what he’d done in the Second World War and his answer held me spellbound.

Whether tales of the financial crisis of 2007-2008 that more or less kicked off ten years ago today will similarly capture children’s imagination in years to come seems unlikely, even though its lessons are arguably not too much less significant for future generations.

Why? Because failing to learn the lessons of the past bodes ill for an ever more integrated global financial system and world economy, and that means his, your, my – our wealth and prosperity. Continue reading

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Why does the gender gap still exist?

The World Economic Forum’s Global Gender Gap Report has found that although more women are in employment than ever before, major corporations are still not capitalising on their talents. Pay equality is not there either. So why are women still not equally represented in major multinational companies and, when they are, why aren’t they being paid equally?

The report shows much progress still being made but a lot of ground still to make up.

Its co-author Ricardo Hausmann, Director of the Centre for International Development at Harvard University, says countries have to adjust for the fact that marriage and motherhood are not at odds with women’s advancement in the workplace. Continue reading