Category “Economics”

Overdose: The Next Financial Crisis

In times of crisis people seek strong leaders and simple solutions. But what happens when their solutions are identical to the mistakes that caused the very crisis? ‘Overdose’ is the story of the greatest economic crisis of our age, the one that awaits us. The documentary traces the origins of the financial crisis and explores the eerie similarities with today’s situation, where states like Greece, Iceland and even the U.S. seems to be in danger of collapsing. Among those interviewed are experts who were mocked when they predicted the current crisis. Other interviewees include Nobel...

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Crash: How Long Will It Last?

In the second half of this special two-part Dispatches, economist and author Will Hutton continues the definitive insider’s account of how Britain’s economy went from boom to bust. Hutton reveals how those who tried to warn of the impending financial disaster were shouted down, ignored or fired. As a result, the repercussions of the collapse of Lehman Brothers hit an unprepared and vulnerable UK, and left the government frantically trying to prevent a banking collapse from turning the UK into an economic wasteland. Despite the collapse of Northern Rock a year before, the government,...

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Dispatches: How The Banks Never Lose

As the credit crunch continues to leave Britain cash-strapped and high street banks report huge losses, Dispatches investigates who is responsible for the current crisis. Reckless lending and risky investments have been blamed for directly driving up mortgage rates and increasing the numbers of people losing their homes. Dispatches investigates how the bank chiefs allowed this to happen and if lessons have been learnt from the Northern Rock crisis. Former investment banker James Max tracks down the banking bosses who have presided over the colossal losses to see if they will be held to...

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Blind Spot

Blind Spot is a documentary that establishes the inextricable link between the energy we use, the way we run our economy and the effect it has had on our environment. It takes as a starting point the inevitable energy depletion scenario known as Peak Oil to inform us that by whatever measure of greed, wishful thinking, neglect or ignorance, we are at a crossroad which offers two paths, both with dire consequences. If we continue to burn fossil fuels our ecology will collapse and if we don’t, our economy will. Either path we choose to take will have a profound effect on our way of...

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Gold This Decade

Script in part based on presentation by Nick Barisheff, president and CEO Bullion Management Group Inc. at the Empire Club in Toronto Canada January 6, 2011 For actual speech visit www.bmgbullion.com at these links: Speech: http://bmgbullion.com/document/806 PPT presentation: http://bmgbullion.com/document/816 You Tube Part 1: http://www.youtube.com/watch?v=kSIM_T... You Tube Part 2:...

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The Alaska Pipeline

When Atlantic Richfield prospectors struck oil at Prudhoe Bay early in 1968, they stumbled upon the largest oil field ever discovered in North America. Getting that oil out of Alaska would take nine years, employ some 78,000 people, cost more than $8 billion, and require threading 800 miles of steel pipe through America’s most pristine wilderness. American Experience presents The Alaska Pipeline, a one-hour documentary from producer Mark Davis. “The Trans-Alaska Pipeline changed just about everything and everyone it touched,” says Davis, “from the people who opposed it to the...

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Commanding Heights

Episode One: The Battle of Ideas A global economy, energized by technological change and unprecedented flows of people and money, collapses in the wake of a terrorist attack .... The year is 1914. Worldwide war results, exhausting the resources of the great powers and convincing many that the economic system itself is to blame. From the ashes of the catastrophe, an intellectual and political struggle ignites between the powers of government and the forces of the marketplace, each determined to reinvent the world's economic order. Two individuals emerge whose ideas, shaped by...

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Living in the End Times (According to Slavoj Zizek)

Slovenian philosopher Slavoj Zizek, akaThe Elvis of cultural theory, is given the floor to show of his polemic style and whirlwind-like performance. The Giant of Ljubljana is bombarded with clips of popular media images and quotes by modern-day thinkers revolving around four major issues: the economical crisis, environment, Afghanistan and the end of democracy. Zizek grabs the opportunity to ruthlessly criticize modern capitalism and to give his view on our common future. We communists are back! is the closing remark of Slavoj Zizeks provocative performance. Our current capitalist system,...

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Quants: The Alchemists of Wall Street

Quants are the math wizards and computer programmers in the engine room of our global financial system who designed the financial products that almost crashed Wall st. The credit crunch has shown how the global financial system has become increasingly dependent on mathematical models trying to quantify human (economic) behavior. Now the quants are at the heart of yet another technological revolution in finance: trading at the speed of light. What are the risks of treating the economy and its markets as a complex machine? Will we be able to keep control of this model-based financial system,...

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