Tag Archives: financial crisis

Earth is the new bottom line

Yesterday I wrote about air money, and I explained that one reason companies can look more profitable than they are is because our standard accounting practices don’t require them to mention that, oh, by the way, they just destroyed a … Continue reading →

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Air money—or bringing the financial crisis down to Earth

The present economic crisis has been explained in many ways: a mortgage meltdown, a housing bubble burst, the collapse of fancy financial instruments. But all of these explanations point to a problem that plagues our economic system at its core: … Continue reading →

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