His indictment of the IMF's policies during the Asian financial crisis outraged the Fund rather less than his claim that it hires third-rank economists from first-rate universities.
Francis gives form to the emotion and injustice of post-financial-crisis outrage in a way that has been rare since Occupy Wall Street disbanded.
In countries where bank bail-outs during the crisis caused outrage, however, or where the financial sector's liabilities are much bigger than the economy (making bail-outs ruinous), regulators are determined to go further.The most radical option is to carve up lenders deemed "too big to fail".
On Friday, the United States ambassador to the United Nations, Samantha Power, who helped lead a Security Council delegation to South Sudan the previous weekend to assess the crisis, expressed outrage that the South Sudanese government had threatened people who had talked to the delegation.
There, during the early aftermath of the crisis, public outrage brought about a set of commonsense reforms that both simplified and strengthened financial rules.
At a White House news conference, the President, on the day he left for an eight-day trip to the Middle East, called the incident "provocative" and "dangerous," and there was, very briefly, a sense of crisis and of outrage at Iran. "TWO MINUTES FROM WAR" was the headline in one British newspaper.
Five years on, the mounting financial crisis has elicited outrage and recriminations from parents, teachers and community leaders over what they see as the state's failure to turn around a struggling district that is almost entirely black and Hispanic; four out of five students are poor enough to qualify for free or reduced-rate lunch.
The enormous tangible consequences of the 2008 economic crisis, subsequent public outrage about economic inequalities, and the 2011 "Occupy" movement motivate a widespread and growing return to left economic critique that signals a new class politics.
Confronting the Climate: A Flowchart of the People's Climate March On the surface, this is an image about the People's Climate March- a watershed moment in the climate movement, two years ago, when 400,000 people descended on Manhattan to share how the climate crisis impacts and outrages them, and to demand bold action from global leaders.
The S.E.C. was asleep at the switch in the period before the financial crisis, and the resulting outrage at its failed regulation of the financial sector is well placed.
A naval blockade has led to a humanitarian crisis that is causing outrage.The war, and the rush to buy Western weapons, are burning a hole in the public finances.
