LONDON, July 9- As global watchdogs warn that euphoric financial markets are divorced from economic reality and acting out some reprise of the credit bubble and bust of the past decade, fears of another subprime timebomb are inevitable.
JOHANNESBURG, March 18- Nearly a decade after Nelson Mandela and anti-poverty activists Bono and Bob Geldof persuaded the rich world to forgive Africa's crushing debts, many countries' debt levels are creeping up again, which could undermine the region's growth boom.
Nobel prize winning economist Joseph Stiglitz weighs in on the disappointing US jobs report in an interview with CNBC TV's 18 Latha Venkatesh.
"Germany did the minimum that was necessary to preserve the euro... And that is what maintained the crisis conditions," business magnate George Soros said.
Oct 24- Nobel Prize-winning economist Joseph Stiglitz chided U.S. President Barack Obama and Republican presidential candidate Mitt Romney for not seriously addressing the troubled U.S. housing market during the recent series of presidential debates.
JOHANNESBURG, Oct 9- A South African court on Tuesday ordered the local unit of Wal-Mart to double a planned fund for small suppliers to $23 million, ending more than a year of legal wrangling over its entry into Africa.
Under-regulated and over-powerful banks weaken the global economy and lead to higher inequality, Nobel prize-winning economist Joseph Stiglitz told CNBC.
Once seen as the land of opportunity, the U.S. today is grappling with rising inequality and a political system that benefits the rich at the expense of others, resulting in lower growth and risking the death of the American dream, according to Nobel prize-winning economist Joseph Stiglitz.