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A decade of financial cataclysm and never-ending war and ecological ruin has indeed shamed us.
Before the financial cataclysm, the profession seemed to be in the midst of a major renaissance.
A more illuminating question is how we have done relative to other countries that were caught in the global financial cataclysm.
Do you think it's more useful to be a journalist or a fiction writer when thinking about the factors behind the financial cataclysm of 2008?
AS the European economic crisis continues to intensify, policy makers are faced with the need to take ever more extreme measures to prevent a financial cataclysm.
"There" was five years ago, when financial cataclysm threatened — and JPMorgan was the one institution that avoided the missteps that brought low so many others.
Similar(42)
The enduring relevance of Sherman McCoy is impressive, since Wall Street has endured three separate financial cataclysms (the 1987 stock market collapse, the dot.com meltdown and the 2008 debacle) since Wolfe described mid-1980s Manhattan.
These are rare but inevitable financial cataclysms of the sort the world is now suffering.
Until 2008 that was a hard row to hoe among many of my friends, but that recent embarrassing spate of financial cataclysms have made it much easer.
One of the pleasures of following the annual surveys of the state's environmental attitudes by the Public Policy Institute of California is witnessing how one-time cataclysms (financial crises, tsunamis, oil spills and the like) throw the neat progression of opinion change out of whack for a year or so.
The administration and Congress should move quickly to determine whether new rules could be applied, using the tax code or securities regulations, to encourage all banks to pay their executives in a way that tempers the destructive lust for risk that has brought the financial system to this cataclysm.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com