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- Written by: Kamran Mofid
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With trust in banks and bankers at its lowest level, it is a breath of fresh air, to hear about a bank and bankers that are honest, trustworthy, efficient and profitable.
Handelsbanken: The most successful bank you've probably never heard of
Founded in 1871
Has no sales or market-share targets
Staff get flat salaries without bonuses
Claims to have achieved higher profitability than the average of its rivals for 41 years in a row
Now let’s Anders Bouvin, the UK chief executive of Handelsbanken tell us more about the bank and himself. And I am sure he, like the bank he runs, will challenge your preconceptions.- Details
- Written by: Kamran Mofid
- Hits: 6416
With trust in British politicians and institutions at its lowest ebb ever in modern times, I suggest that as the 800th anniversary of the Magna Carta is approaching, we should revisit this great charter and make it a goal, once more, to strive for.
A recent study by The Economic Intelligence Unit (EIU)-Democracy is at a standstill- casts disturbing light on just how low our opinion of our institutions has fallen.
According to the EIU faith and trust in British institutions has reached an ‘all time low’. Britain now possesses one of the lowest political participation rates in the developed world. We are, in the words of the EIU, in the midst of ‘a deep institutional crisis’, and in a study of 167 countries we sit behind Iraq and Palestine in political participation rates.
The EIU report concluded that in Britain: ‘Problems are reflected across many elements – voter turn-out, political party membership, the willingness of citizens to engage in politics and their attitudes towards it. Trust in government, parliament and politicians is at an all-time low’ (my emphasis).
The crisis in trust in our key institutions has been exacerbated by recent scandals involving the police, the church, our financial systems, the BBC, and the media (phone hacking).- Details
- Written by: Kamran Mofid
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Youth, between the ages of 15 and 24, make up 17% of the global population but they form 40% of the unemployed, a figure that doesn't include those enrolled in school. The Middle East and North Africa region has the highest youth unemployment rate, with one in four young people unemployed, driving social unrest. Youth unemployment is even higher in some parts of Europe (see below).
With nearly 4 million under-25s in the euro area jobless and many more millions under-employed, the plight and struggles of the young people in Europe and indeed the world over must be a scar on our conscious, humanity and moral compass.- Ubuntu Economics: Economics for Meaning, Social Justice and the Common Good
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