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Latest episodes from In the Balance

Brexit, trade and Trump

Play Episode Listen Later Dec 21, 2019 26:28


What are the political and economic factors to watch in 2020? Will the trade wars continue, will Brexit get done and who will be the next US president? Ed Butler is joined by economists Professor Meredith Crowley, Reader in International Economics, University of Cambridge; Guntram Wolff, Director of Bruegel, an economic think tank and Professor Raghuram Rajan of Chicago Booth School of Business to discuss how the events of 2019 will influence the coming year and give us their forecasts for trends to look out for in 2020. (Image: 2020 US election badges; image credit: Getty Images)

Mental health at work

Play Episode Listen Later Dec 14, 2019 26:29


What is best practice for employers dealing with mental health problems at work? The World Health Organisation estimates that depression and anxiety cost the global economy about one trillion dollars a year in lost productivity. About half of all workers suffer from poor mental health but few of us talk to our employers about it. So how can an employer support someone going through a crisis, and does the workplace have a role in breaking down the stigma around mental health? Manuela Saragosa tries to answer some of these questions with guests, Professor Sally Maitlis of Saïd Business School, University of Oxford; Mary Daniels entrepreneur, author and coach; and Nicky Young, managing director at MullenLowe salt. (Image: Graphic image of man with head on desk; Image credit: Getty Images)

Boardroom quotas for women

Play Episode Listen Later Dec 7, 2019 28:04


Are mandatory quotas desirable or necessary to ensure more diversity in our company boardrooms? The Netherlands has just passed a law obliging listed companies to have 30% of their non-executive boards made up of women and California has till the end of the year to ensure at least one woman is on the board of its public companies. But that law is being challenged, and quotas elsewhere have had mixed success. So why bother? Manuela Saragosa and guests Rhonda Vonshay Sharpe, founder and president of WISER Policy, attorney with Pacific Legal Foundation Anastasia Boden, Tamara Box, managing partner at Reed Smith and founding member of the 30% Club and former EU digital commissioner Neelie Kroes discuss the pros and cons of mandatory quotas for female equality in the corporate world. (Image: three business women: Image credit: Getty Images)

Regulating political chatter

Play Episode Listen Later Nov 30, 2019 27:41


Can we trust the political adverts in our news feeds? Who is sending them, why are we being targeted and are they even true? This week we're looking at the thorny issue of political advertising on social media. Is regulation needed to ensure fair and trustworthy election campaigns or would restrictions endanger free speech and limit voter choice? Ed Butler is joined by Rory Cellan-Jones, BBC technology correspondent, data rights lawyer Ravi Naik, Lisa-Maria Neudert, doctoral researcher at the Oxford Internet Institute and Michael Duncan partner and digital media lead at Cavalry, an issue management firm in Washington DC. (Image: Man looking at phone on a bus. Image credit: Getty Images)

Divestment and climate change

Play Episode Listen Later Nov 23, 2019 29:44


Divestment has become a rallying call by environmental campaigners in the fight against climate change. It's when environmentally aware investors put pressure on their fund managers, employers and governments to move money away from polluting industries. An estimated $11 trillion have been divested from fossil fuel stocks since the 2015 Paris climate summit, but has that divestment made a difference? With emissions continuing to soar, wouldn't it be better just to tax energy companies more? Others argue that investors should put money into innvovative technologies that help solve climate change. Justin Rowlatt discusses these issues and more with guests Mark Lewis, Global Head of Sustainability, BNP Paribas Asset Management, Ahmed Mokgopo, Campaigner, 350.org and Gayle Peterson, Associate Fellow, Said Business School, Oxford. (Image: Climate change protest bannners. Image credit: Getty Images)

When to retire

Play Episode Listen Later Nov 16, 2019 27:25


At a time when we’re living longer, healthier lives should we do away with the notion of retirement and just keep on working? Are the skills of older people adequate, and are they even wanted in a youth-obsessed society? Ed Butler will be discussing the financial drivers behind working longer, the social benefits of being actively employed and the choices that governments, employers and individuals need to make to prepare for older age. Our guests this week are Samuel Engblom, Policy director at The Swedish Confederation of Professional Employees from Stockholm, Margaret Heffernan, executive coach and author in London and Steve Vernon, author and Research Scholar at the Stanford Center on Longevity, California. Plus, we take a visit to The Common Room, a new concept in intergenerational thinking. (Image: Older woman selling flower bouquet. Image credit: Getty)

Kilkenomics – is Europe broken?

Play Episode Listen Later Nov 9, 2019 26:28


The EU has a new parliament, new leadership, but the same old problems; Brexit, political populism and an economic slowdown. How will it stand up to the test? In the Balance comes from the 'Kilkenomics' festival of economics and comedy in Ireland, in front of a live audience of festival-goers. Rory Cellan-Jones is joined by a panel of top Irish, European and American economists in Cleere's pub in Kilkenny, along with comedian Colm O’Regan who is reflecting on how small countries cope as part of a big bloc like the EU. Guests: Matina Stevis-Gridneff, Brussels correspondent for the New York Times, David McWilliams academic and economist and co-founder of Kilkenomics, Bill Black, lawyer, author and associate professor of economics and law at the University of Missouri, Kansas City. And In the Balance regular contributor, comedian Colm O'Regan. Producer: Audrey Tinline Studio Manager: Robert Symington (Image: John Cleere pub exterior, Kilkenny. Image credit: BBC)

Outsmarting AI

Play Episode Listen Later Nov 2, 2019 26:29


Some of the world’s top thinkers on artificial intelligence discuss the threats intelligent machines might pose to humans. With Turkey claiming it may be able to launch autonomous killer drones in the near future, is it time we all thought a bit harder about how we want this cutting edge technology to be deployed? Ed Butler and guests discuss artificial intelligence, from military hardware, to online advertising and insurance. Ed is joined by Dame Wendy Hall, Professor of Computer Science at Southampton University and Co-chair of the UK Government's review on Artificial Intelligence; Helen Toner, Director of Strategy at the Center for Security and Emerging Technology at Georgetown University. And Jaan Tallinn, one of the founders of the technology firm Skype and now co-founder of the Centre for the Study of Existential Risk at Cambridge University. (Picture: Robotic Androids Taking Charge Of Running A Futuristic City. Credit: Education Images/Universal Images Group via Getty Images)

Starting from scratch

Play Episode Listen Later Aug 17, 2019 26:28


What's the best strategy for starting a business from nothing? What if you have to start over - either in a new country or because of a business failure or setback in life? We hear from a Syrian refugee who started her cheese making business from the ground up and from South Africa we are joined by the managing director of an organisation advising small scale entrepreneurs who are doing business in tough conditions. Also in the programme, Ed Butler is joined by a venture capital funder who invests in tech start-ups and we'll hear from the leader of Britain's top foundation for boosting entrepreneurship, who says it takes a special type of person to start up a business from scratch. Contributors: Razan Alsous, founder of Yorkshire Dama Cheese Neeta Patel, CEO at the Centre for Entrepreneurs; Entrepreneur-Mentor at London Business School Wybrand Ganzevoort, managing director at Collective Value Creation George Davies, partner at Hambro Perks (Picture; A rocket taking off. Credit: Getty Creative)

Does the office have a future?

Play Episode Listen Later Aug 3, 2019 26:28


Thanks to technology, these days it’s possible to work almost anywhere. You can log on from your kitchen table, in a trendy café or even on the beach. So what’s the point of the noisy, crowded office? Perhaps it’s time we ditched the daily commute and found better places, and better ways, to get the job done. Manuela Saragosa has been discussing, with her three guests, just what kind of spaces we’ll be working in in future, and whether the office has some redeeming features after all. Contributors: Kay Sargent, director of workplace at architectural firm HOK Iwo Szapar, remote work advocate & CEO at Remote-how Stephen Wood, a specialist in workplace psychology and professor of management at the University of Leicester (Picture:Office worker. Getty Images.)

How China Curbs Online Gaming

Play Episode Listen Later Mar 30, 2019 26:28


Online gaming and e-sports are huge industries, but there are concerns about over-use and addiction and the way gaming takes up the time of young people. China is forcing some of its biggest games companies to put restrictions on the number of hours a day under 18s can play. But do such curbs make any difference, both to the young gamers and to the gaming business itself? Rory Cellan-Jones hears from a gaming expert and former professional e-sports player, a former online gaming addict and an expert in China's gaming industry. (Photo:Visitors uses console at the Cyber Games Arena (CGA) eSports venue in the Mongkok district of Kowloon in Hong Kong. January 2019.. Credit: Getty Images)

Brexit: Planning in Uncertain Times

Play Episode Listen Later Jan 19, 2019 26:28


The UK parliament has rejected the Brexit deal struck between the government and the European Union. As the clock ticks to the deadline for the UK to leave the EU at the end of March, In the Balance hears how businesses are planning in times of deep uncertainty. Ed Butler asks business people in the EU and in the UK how they will manage to continue to export and import goods between the UK and the European Union if there is no deal after March 29? And Ed hears from a former senior UK civil servant on the risks ahead for trade - and what would be the best way out of the Brexit impasse?

Money and Me

Play Episode Listen Later Jan 5, 2019 27:35


Ask yourself honestly, how closely have you examined your emotional relationship with money? Or is it all a bit too awkward? Financial psychology - a relatively new discipline borne out of the USA - says we should all be doing exactly that. It joins the dots between psychology and financial planning, via behavioural economics and says it can help people understand their true relationship with money. Always in debt, but have a good salary? Ever wondered why your wealthy relative is so mean? Financial psychology might have the answer. Manuela Saragosa unravels some of these riddles with two experts: Brad Klontz, founder of the Financial Psychology Institute and Meghaan Lurtz, incoming president of the Financial Therapy Association. (Picture: Heads made of dollar bills, Credit: Getty Images)

India's Fight Against Sexual Harassment

Play Episode Listen Later Dec 29, 2018 22:59


In 2013, India passed an Act to protect women from sexual harassment in the workplace. Five years on, has it had any meaningful impact and where does that leave men and those from the LGBTQ community? In a special edition from Delhi, Divya Arya asks how workplaces in India are tackling the problem and whether the #MeToo movement has made sexual harassment less taboo. She is joined by Anita Cheria, president of labour rights organisation CIVIDEP, diversity consultant Arti Chaudhry and Harish Iyer an equality champion at NeoNiche Integrated Solutions. (Picture: Indian activists shout slogans outside a police station in Mumbai. Credit: Getty Images)

The Brexit Waiting Game

Play Episode Listen Later Dec 14, 2018 26:28


It's been another week of turmoil in British Brexit politics, but what is the view from the rest of Europe? Is the EU any better organised than the British government and what do they think is actually going to happen? Jonty Bloom takes a Europe-wide view of Brexit and the preparations already underway. He is joined by: Vicky Pryce, chief economic adviser at the Centre for Economics and Business Research; Melle Garshagen, UK and Ireland correspondent for the Dutch newspaper NRC Handelsblad; and Ilja Nothnagel of the German Chambers of Commerce and Industry. (Picture: Englishman standing on the beach, overlooking the sea; Credit: Getty Images)

The Juggle

Play Episode Listen Later Sep 28, 2018 26:28


How do you juggle the demands of a job and a family? Is there a stress-free and guilt-free way of giving adequate attention to your children and your career? We discuss the daily challenges facing millions of parents all over the world, including the often frantic morning rush, the career opportunities that pass you by, and the difficulty of maintaining a social life. And in this, the last episode of the series, we have three presenters instead of one - Susannah Streeter and Nkem Ifejika join fellow working parent Manuela Saragosa to share some tips. They're joined by Clare Streets, from Birmingham in the UK, who has recently rejoined the world of work after seven years spent raising a family. (Picture: A woman multi-tasking. Credit: Getty Images)

The Price of Pills

Play Episode Listen Later Sep 21, 2018 26:29


Drug firms are coming under fire from the US, Europe and China over the cost of some of their products. But is it simply the price we have to pay if we want Big Pharma to keep producing life-saving medicines? President Trump has vowed to drive down drug prices "substantially" - we hear why a lack of haggling means the latest patented pills typically cost more in the US than almost anywhere else in the world. We hear from Big Pharma itself - an industry figure tells us high prices reflect the years of research and development that go into new drugs and that, in time, competition does make them cheaper. Plus, does size matter when brokering better deals with the pharmaceutical firms, and in lower income countries what are the other factors pushing up prices? Contributors: Patricia Danzon, professor of health care management at The Wharton School, University of Pennsylvania; Thomas Cueni, director general of the International Federation of Pharmaceutical Manufacturers and Associations; and Kalipso Chalkidou, director of global health policy at the Center for Global Development. (Picture: Pills on a US dollar bill. Credit: Getty Images)

The Lehman Legacy

Play Episode Listen Later Sep 14, 2018 48:59


In this special edition we hear personal stories from the Great Recession and ask who has paid the highest price. From mortgage defaults and job losses to stagnant wages, we find out how hard the last 10 years have been for many individuals and families, and ask what legacy the financial crisis has left. Plus, where might the next crash come from, and are we any better prepared to withstand it? Manuela Saragosa leads the discussion with a panel of experts: Adam Tooze, professor of history at Columbia University and author of Crashed: How a Decade of Global Financial crises Changed the World; Pablo Bustinduy, a member of parliament in the Spanish anti-austerity political party Podemos; and Scott Winship, a poverty and inequality researcher, formerly of the Brookings Institution and now directing the Social Capital Project within the Joint Economic Committee of the US Congress. Image: Boarded-up windows on a foreclosed home (Credit: Getty Images)

Planning to Fail

Play Episode Listen Later Sep 8, 2018 26:29


Why are most of us so bad at planning for the future? Whether saving for our retirement, managing workloads and deadlines, or budgeting for a major infrastructure project, we humans often fail miserably. Is it because we're incompetent, even irresponsible? Or is there something psychological getting in the way? We explore some of the most common planning pitfalls, from Olympic Games that go way over budget to short-term corporate incentives, and ask how individuals and businesses can avoid them. Contributors: Peter Ayton, professor of psychology at City, University of London; Bent Flyvbjerg, Chair of Major Programme Management at the University of Oxford; and Sarah Williamson, CEO of FCLT Global. (Picture: A woman looking out over the Grand Canyon. Credit: Getty Images)

Prenups

Play Episode Listen Later Sep 1, 2018 26:28


Would you sign a divorce contract before you got married? Should you? They’re often seen as unnecessary, unromantic, and irreligious, but we hear how prenuptial agreements are on the rise, and not just among the super-rich. We speak to a newly-wed who signed a prenup with her now husband to protect her business interests. One of the UK’s top divorce lawyers tells us they are often better than the default divorce provisions laid out by governments. And a lawyer in Nigeria explains how she’s trying to use them to protect women’s rights. But prenups are not without pitfalls – we also hear how they can be coercive, unfair, and even destroy a marriage before it’s begun. Contributors: Ayesha Vardag, founder and president of London law firm Vardags; Erin Lowry, author of Broke Millennial, a book and website about personal finance; Laurie Israel from Israel, Van Kooy & Days law in Brookline, Massachusetts, and author of The Generous Prenup; Lesley Agams, founder and partner at Demeters Solicitors & Advocates in Abuja, Nigeria, and blogger on women's issues. (Picture: Models of a bride and groom on a wedding cake. Credit: Getty Images)

Money on Mars

Play Episode Listen Later Aug 25, 2018 26:29


Why are governments and, increasingly, private companies spending billions of dollars on missions to Mars? Is there any money to be made from the red planet, and do these missions benefit anyone back on Earth? We explore the return on investment for taxpayer dollars spent on NASA or European Space Agency missions, and ask if Elon Musk is aiming to colonise the red planet for the good of humankind, or to boost profits for his firm SpaceX. Plus, can a separate plan to turn a Mars mission into reality TV ever get off the ground, and should we ethically even be considering sending people to Mars? Contributors: Dr David Parker, Director of Human and Robotic Exploration at the European Space Agency; Bas Lansdorp, founder and CEO of Mars One; and Dr Ian Stoner, from the department of philosophy at St Paul College, Minnesota. (Picture: ExoMars lifts off on a Proton-M rocket at Baikonur cosmodrome, Kazakhstan, in March 2016. Credit: Stephane Corvaja, European Space Agency, via Getty Images)

Putting Your Money Where Your Mouth Is

Play Episode Listen Later Aug 18, 2018 26:28


Do you worry about plastic packaging, perfumes tested on animals, or whether child labour was responsible for your jeans? How often do those values actually affect your spending? Surveys suggest a majority of global consumers are concerned about the environment, animal welfare and workers' rights, but what we spend on ethical products is tiny in comparison. So how do we explain this so-called ethical consumption gap and how difficult is it to bridge? Plus, who is at fault for the lack of spending on ethical goods - consumers, or the brands themselves? What response have companies made to growing ethical concerns, and can they be encouraged to do more? Contributors: Marylyn Carrigan, professor of sustainable and ethical marketing at Keele University; William Sankey, founder and director of The Ethical Company Organisation; and Alden Wicker, founder and editor of the website EcoCult. (Picture: A stressed young woman standing in front of a clothes rail. Credit: Getty Images)

How to Avoid a Bribe

Play Episode Listen Later Aug 11, 2018 26:28


Bribery costs individuals, businesses and economies billions of dollars each year, and there are many international laws and conventions against it. But what happens when your firm operates in a part of the world where it's still the norm? In this episode we speak to three business people with first-hand experience of backhanders and ask how they can be avoided. One of them tells us he pays bribes as a matter of course, but if you're not willing to, does that mean you simply can't do business? Contributors: Gary Busch, managing director of political risk analysts Chunguza Associates and also Transport Logistics; Ron Cruse, founder and CEO of freight firm Logenix International and author of 'Lies, Bribes & Peril: Lessons for the Real Challenges of International Business'; and Alexandra Wrage, founder and CEO of anti-bribery consultancy TRACE International. Presenter: Ed Butler Producer: Simon Tulett (Picture: Men passing banknotes under a table. Credit: Getty Images)

ceo bribery bribe bribes real challenges
Taking the Temperature

Play Episode Listen Later Jun 2, 2018 26:43


Nancy Kacungira presents a special programme on climate change, profiling the people whose trailblazing ideas and innovations are hoping to mitigate against global warming. Deep in the Ecuadorian jungle, one isolated community of Achuar have come up with an ingenious solution to protect their territory from the ever encroaching threat of deforestation. From BBC Mundo, Laura Plitt takes to the waterways aboard the Amazon jungle's first solar powered canoe. The loss of the Aral Sea in Central Asia is an ecological disaster. Toxic chemicals in the exposed sea bed have caused widespread health problems. From BBC Uzbek, Rustam Qobilov investigates whether an ambitious project to plant millions of trees can save the Karakalpak people of Uzbekistan. With the fastest growing population on the planet, India’s energy needs are staggering. From Delhi, women's affairs correspondent Divya Arya travels to the sunny state of Rajasthan to meet one social entrepreneur who’s attempting to provide solar technology to those living without power. And finally in the Red River Delta region of Vietnam, Ly Truong meets the scientist hoping to feed the world in a more sustainable way. This BBC Production was supported by funding from the Skoll Foundation. (Picture: Dr. Pham Thi Thu Huong, from the Field Crops Research Institute in Vietnam. Credit: BBC) Presented by Nancy Kacungira Produced by Claire Press

The End of the Internet Bargain?

Play Episode Listen Later May 26, 2018 26:29


Who gets to control your personal data on the internet? Ed Butler and guests discuss the future of data privacy. With the scandals over use of our personal data by big groups like Facebook, Ed asks the experts whether our whole relationship with internet-based services could be breaking down? Could the old grand bargain - the giving of our personal data for free to online firms, in return for free services - be about to end? Ed hears from three people steeped in years of data expertise, to explore the future of online privacy. (Picture:One hundred cardboard cut-outs of Mark Zuckerberg outside the US Capitol in Washington, DC, April 10th 2018. Credit: AFP PHOTO / SAUL LOEB/AFP/Getty Images) Contributors: Orla Lynskey, Assistant Professor in the Law Department at the London School of Economics. Specialist in data protection and privacy. Justin Antonipillai, Founder and CEO at WireWheel. Former Acting Under Secretary at the US Department of Commerce. StJohn Deakins, Founder and chief executive of CitizenMe. Producer: Audrey Tinline

Love at Work

Play Episode Listen Later May 19, 2018 26:28


Many people meet their future love partner at work. But with the current high profile cases of sexual harassment, employers are becoming much more concerned about managing relationships between their employees. Ed Butler asks whether office dating between co-workers is a potential hazard, not just for staff, but for the company as a whole. And should more employers bring in so-called "love contracts" to be signed by workers who are in a romantic relationship in the office? (Picture: Businessman with secretary, USA, 1950s. Credit: George Marks/Retrofile/Getty Images) Contributors: Ali Hall, Associate Fellow of Saïd Business School, Oxford University Catriona Watt, Partner at Fox & Partners Bradley Wright, Chief Technology Officer at Verve Moira Weigel, PhD Yale, Harvard Society of Fellows, founder of Logic magazine. Author: Labor of Love Jason Habinsky, Partner, Haynes and Boone Producer: Audrey Tinline

Do Sanctions Work?

Play Episode Listen Later May 12, 2018 26:29


US President Donald Trump is bringing back sanctions on Iran and is threatening to extend the sanctions to European companies that do business there. The Iran announcement came in the same week that the USA announced more sanctions on Venezuela, ahead of controversial elections later this month. Since coming into power, President Trump has used economic sanctions as a weapon of choice. But do sanctions actually work? And how do they affect businesses trading with the countries concerned? Ed Butler is joined by a panel of experts to discuss what to expect as the US grip tightens over the economies of countries it is in conflict with. (Picture: An Iranian woman walks past a mural on the wall of the former US embassy in Tehran on May 8, 2018. Photo credit:ATTA KENARE/AFP/Getty Images) Contributors: Elizabeth Rosenberg from the Center for a New American Security. Former Senior Advisor at the U.S. Department of the Treasury where she helped to develop and implement financial and energy sanctions. Nigel Kushner, specialist sanctions lawyer, CEO of W Legal. Professor Ricardo Hausmann, Director of Harvard's Center for International Development. Former Minister of Planning of Venezuela. Producer: Audrey Tinline

Shifting the Dial

Play Episode Listen Later Apr 28, 2018 26:27


How can the world move faster to ramp up renewable power? In the Balance examines the efforts of businesses and governments to manage the shift from fossil fuels - coal, gas and oil - to renewable sources like wind, solar and hydro. It's sometimes a bewilderingly complex world of goals, targets and treaties. But the key thing, according to the International Energy Agency, is that currently the world is not shifting fast enough away from fossil fuels. Ed Butler hears from energy industry insiders and experts on ways to boost renewable technologies and what's holding them back. Contributors: Claudia Kemfert, energy expert DIW, Germany Stephen Bull, Senior Vice President, Statoil, wind and carbon capture and storage Wilfrid Petrie, CEO, Engie UK Producer: Audrey Tinline (Picture: Lightning flashes over windmills near Sieversdorf, eastern Germany, 2017. Credit: AFP PHOTO / Patrick Pleul / Germany)

The Commonwealth: a New Trade Vision

Play Episode Listen Later Apr 21, 2018 26:29


In the Balance asks whether the 53 countries of the Commonwealth could become a new force in global trade. With rising trade protectionism around the world, and the UK splitting off from the European Union, how important could this grouping of diverse nations be to the future of international trade? Ed Butler talks to business leaders and politicians at the Commonwealth Business forum, organised by the Commonwealth Enterprise and Investment Council. The programme comes from the historic royal palace of Marlborough House in London, headquarters of the Commonwealth movement. Contributors: Amy Jadesimi, CEO of LADOL, Nigeria Christian Cardona, Minister for the Economy, Investment and Small Business, Malta Rahul Mirchandani, founder of the Commonwealth-Asia Alliance of Young Entrepreneurs Sir Kenneth Olisa, OBE, Founder and Chairman of Restoration Partners Producer: Audrey Tinline (Picture: Queen Elizabeth, Prince Charles, Patricia Scotland and Theresa May at Buckingham Palace in London during The Commonwealth Heads of Government Meeting (CHOGM), April 19, 2018. Credit: VICTORIA JONES/AFP/Getty Images)

Markets Feel the Fear

Play Episode Listen Later Feb 17, 2018 26:28


In the Balance examines the recent sharp falls in the global markets. Ed Butler asks why volatility is back in the financial markets - after years of relative calm. Ed is joined by one of the world's leading experts in algorithmic computerised trading as well as a fund manager with more than 30 years experience of watching the market highs and lows. But is this time different - is computer driven trading at least partly to blame for an increase in volatility? Should we be in fear of the machines? Contributors: Gervais Williams, from Miton Group, who has worked in finance in the City of London for more than 30 years Economics Professor Jeffrey Frankel from Harvard University Andrei Kirilenko, the Director of the Centre for Global Finance and Technology at London's Imperial College Business School (Picture: Traders React to market volatility on floor of the Cboe Global Markets exchange on February 6, 2018 in Chicago. Credit: Scott Olson/Getty Images)

Is Italy Failing its Youth?

Play Episode Listen Later Feb 10, 2018 26:30


Italy's upcoming general election is being seen as the latest test of a populist upsurge in Europe. Manuela Saragosa is in Rome to hear what young people want from the election and the economy. Italy has one of the highest youth unemployment rates in Europe and many young people leave the country to find work. So do politicians have any answers for young people searching for their first jobs? Manuela hears from students, an employer, and a grass-roots politician about what's at stake for the economy. Contributors: Andrea Prencipe, Deputy Rector of LUISS Guido Carli University in Rome Stefano Callegari, CEO at Trapizzino Maurizio Coppola, Power to the People Students at Sapienza University, Rome (Picture: A man walks past a board bearing the parties' logos registered at the Italian Interior Ministry on January 20, 2018 for the general elections to be held on March 4, 2018. (Credit:FILIPPO MONTEFORTE/AFP/Getty Images)

Skills for the Future

Play Episode Listen Later Feb 3, 2018 26:29


Fatalists might argue work has no future, that soon pretty much everything will be automated and that the robots will take over. Others say the rise of artificial intelligence and robotics just means the kinds of jobs we'll all be doing is changing. So what sorts of skills will prepare us - and our children - for the future of work, and for jobs which we might not even have dreamt of yet? Join Manuela Saragosa and guests to discuss what we should be studying now. Contributors: Anne-Marie Imafidon MBE, co-founder of Stemettes Susan Lund, partner with the McKinsey Global Institute Scott Hartley, venture capitalist, author of The Fuzzy and The Techie Lord Karan Bilimoria Chairman and Founder of Cobra Beer and Independent Crossbench Peer in the House of Lords Picture: iPal robots sing for attendees at the AvatarMind booth during CES 2018 at the Las Vegas Convention Center on January 10, 2018 in Las Vegas, Nevada. (Credit: Getty Images)

Davos: Spreading the Wealth?

Play Episode Listen Later Jan 27, 2018 26:29


The world's top business people, politicians and economists have been meeting in the Swiss resort of Davos. In the Balance asks: Can capitalism deliver prosperity for all of us? The International Monetary Fund confirmed a strong picture for global growth this year - but is it the right kind of growth? The IMF report reveals that one fifth of emerging market economies saw per capita incomes fall last year. So, with global growth rising, why isn't everyone getting richer? Join Manuela Saragosa and her guests in Davos, Washington and London, to discuss whether global growth can reach even the world's poorest. Contributors: Minouche Shafik, Director of the London School of Economics Kishore Mahbubani, Senior Advisor and Professor in the Practice of Public Policy at the National University of Singapore Eve Poole, author of Capitalism's Toxic Assumptions, Associate at Ashridge Business School Desmond Lachman, Resident Fellow at the American Enterprise Institute Picture: US President Donald Trump looks on as the Landwehr Fribourg band leaves the stage during the World Economic Forum meeting on January 26, 2018 in Davos (Credit: FABRICE COFFRINI/AFP/Getty Images)

Trump - The Mayors' Verdict

Play Episode Listen Later Jan 20, 2018 26:29


As President Trump completes his first year in office, a Nobel prize-winning economist and two mayors mark the President's economic report card. Has President Trump delivered on his big economic promises to bring back jobs and cut taxes? Ed Butler is joined by the eminent economist Professor Robert Shiller; the Mayor of Gillette, Wyoming, Louise Carter King and Pete Saenz, Mayor of the border town of Laredo, Texas. Ed also hears from Michael Stumo, CEO of the Coalition for a Prosperous America. Image: US President Donald Trump looks on before boarding Airforce One at Joint Base Andrews, Maryland on January 8, 2018, before departing for Nashville. (Credit: JIM WATSON/AFP/Getty Images)

Can Social Media be Fixed?

Play Episode Listen Later Jan 13, 2018 26:28


Political manipulation and fake news have shaken trust in social media sites like Facebook and Twitter. Facebook's Mark Zuckerberg has vowed to make 2018 the year of big changes on the social media giant. And politicians around the world are threatening to bring in new regulations too. In Germany a new law is now forcing platforms to remove hate speech or face big fines. Join Ed Butler and guests for a discussion on who is to blame for the ills of social media - and how to fix them. Contributors:Samantha Bradshaw from the Computational Propaganda Project at Oxford University. Douglas Rushkoff , Professor of Media Theory and Digital Economics at City University of New York and author of Throwing Rocks at the Google Bus. Andreas Kluth, Editor-in-Chief of Handelsblatt Global, the online English-language edition of the German newspaper. Roger McNamee is an American businessman, investor and venture capitalist who was an early mentor to Mark Zuckerberg. Image: Mark Zuckerberg speaks on stage during the annual Facebook F8 developers conference in San Jose, California, U.S., April 18, 2017 (Credit: Reuters)

2018: Top Risks

Play Episode Listen Later Jan 5, 2018 26:29


What are the biggest risks to the global economy in 2018? Ed Butler is joined by some of the world's leading economists and political scientists to ask the key questions that will affect us all in the year ahead. Ed hears from Ian Bremmer, American political scientist and the President and founder of Eurasia Group, a political risk research firm; Megan Greene, Chief Economist at Manulife and John Hancock Asset Management in the USA and Guntram Wolf, Director of Bruegel, a leading European think tank, focussing on economics and politics. Comedian Colm O'Regan chips in from Dublin with his take on how the world is changing as 2018 gets underway. (Picture: US President Donald Trump and China's President Xi Jinping attend a business leaders event inside the Great Hall of the People in Beijing on November 9, 2017. Credit: AFP/Getty Images)

Giving It Away

Play Episode Listen Later Dec 30, 2017 26:28


Giving It Away Global philanthropy is on the rise, but can the huge sums donated by wealthy business people risk undermining governments and democracy? Manuela Saragosa is joined by economist Neva Rockefeller Goodwin, a member of the Rockefeller family that owns one of the world's largest fortunes. Neva is also one of 400 wealthy people in the USA who signed a letter organised by the Responsible Wealth project against tax cuts for the rich. And we hear from British businessman John Caudwell who sold his high street mobile phone company for more than 2 billion dollars. He now spends more time on his philanthropic work, including his charity for children with disabilities, Caudwell Children. Manuela is also joined by Barbara Ridpath, Director of the St Paul's Institute in London and Antonia Mitchell, Director of Aurelia Philanthropy. Also in the programme: David Callahan, author of The Givers, which questions the power acquired by philanthropists. (Picture:the 85th Rockefeller Center Christmas Tree Lighting Ceremony, New York November 29 2017. Credit: Getty Images)

united states director giving british picture rockefeller manuela givers neva david callahan new york november caudwell children st paul's institute responsible wealth
Innovators - Female Entrepreneurs

Play Episode Listen Later Oct 28, 2017 26:27


Could starting up a business be the best way into work for more women across South Asia? Shivaani Kohok asks why only one in four women in India have paid jobs and what's holding them back from entering the workplace. She's joined by three women working with entrepreneurs across South Asia. (Picture: A mother and baby treated by the Sehat Kahani healthtech business)

Innovators - The Secrets of Jugaad

Play Episode Listen Later Oct 21, 2017 26:29


Are there clever solutions to real life challenges across South Asia? In partnership with the BBC Innovators series, Shivaani Kohok hears from some of the people in India who are coming up with new ideas to improve health, education and business in areas where life is tough. Shivaani and guests discuss how "jugaad" can help. It is a Hindi term that translates as "frugal innovation" - how to make the most of limited resources. But does jugaad have the potential to change lives? (Photo: A crowd of Indian residents gather outside the Fair Price Shop in the northern district of Jahangirpuri, New Delhi. Credit: AFP/Getty Images)

Catalan Independence - for Richer or Poorer?

Play Episode Listen Later Oct 14, 2017 26:29


In the Balance reports this week from Catalonia, Spain's strongest economic region. The Catalan leader has declared that the region has won the right to independence, following a referendum declared illegal by the Spanish state. But what about the economy? Catalonia accounts for nearly 20% of Spain's GDP, but who would stand to lose most if the region breaks away? Manuela Saragosa travels to the Catalan capital Barcelona to hear from business people, economists and workers on whether Catalonia can afford to go it alone. (Picture: Protesters wave Spanish and Catalan flags in Barcelona on October 12, 2017. Credit: JORGE GUERRERO/AFP/Getty Images)

China's Debt Mountain

Play Episode Listen Later Oct 7, 2017 26:28


China's economy is still growing at a respectable rate - but how long can that last? Ed Butler reports from China on the problems caused by increasing amounts of debt. Ed hears from students taking on debt they don't understand and finds out about the extent of Shanghai's property bubble. He is joined back in the studio by a panel of experts on China to ask whether high levels of debt could sink the country's booming economy. Contributors: Linda Yueh, Adjunct Professor of Economics at London Business School and Fellow in Economics at St Edmund Hall, Oxford University; Steve Tsang, Director of SOAS China Institute; Geoffrey Yu, Head of UK Investment Office at UBS Wealth Management. (Picture: People visit a shopping mall complex in Shenyang, Liaoning province, as the authorities seek to revive the recession-hit industrial region. Credit: AFP/Getty images)

The Five Generation Workplace

Play Episode Listen Later Sep 30, 2017 26:29


Very soon, for the first time in modern history, five generations will be working side by side. Baby boomers, traditionalists, and Generations X, Y and Z. Is it a manager's dream - or a nightmare? Manuela Saragosa and guests ask why millennials are so hard to manage - and how do you keep older workers motivated throughout a career that could last for 50 years? Contributors: Professor Andrew Scott, Deputy Dean at London Business School and co-author of The 100-Year Life Ali Hall, leadership development coach and Associate Fellow of Saïd Business School, Oxford Chip Conley, Modern Elder and former head of global hospitality and strategy at Airbnb

Artificial Intelligence - Friend or Foe?

Play Episode Listen Later Sep 23, 2017 26:29


The development of Artificial Intelligence is being seen as one of the biggest threats to jobs this century. Yet it's a technology that can also help humanity hugely and is forecast to increase global economic growth. So should we be afraid of AI - or should we embrace a future where machines could become as intelligent as humans? In the Balance brings together some of the top thinkers in the debate to ask whether AI is our friend or our enemy. Contributors: Nick Bostrom, founding Director of the Future of Humanity Institute at Oxford University Luis Perez Breva, an expert in the process of technology innovation and entrepreneur, based at MIT Kathleen Richardson, professor of Ethics and Culture of Robots and AI at De Montfort University Kevin Warwick, Deputy Vice-Chancellor (Research) at Coventry University Seán Ó hÉigeartaigh, Executive Director of Cambridge University's Centre for the Study of Existential Risk (Picture: A Google Earth map of Paris, France as the company unveils the revamped version of the application April, 2017 at a event at New York's Whitney Museum of Art. Credit: Getty Images)

Can You Disaster-Proof an Economy?

Play Episode Listen Later Sep 16, 2017 26:29


What lessons should we learn from the damage hurricane Irma has inflicted on Florida and the Caribbean, the flooding hurricane Harvey wreaked on Texas and the floods that have devastated parts of South Asia? And how can politicians and aid agencies be persuaded to spend more money preparing for natural disasters, rather than clearing up after the event? Manuela Saragosa talks to one environmental planning expert in Houston, Texas, who says some parts of the city will become uninhabitable. And she hears from experts around the world on the best way to contain the economic damage of future natural disasters. Contributors: Jim Blackburn, Rice University, Houston MB Akhter, Bangladesh Country Director for Oxfam Tom Bamforth from Shelter Cluster Ilan Noy, Professor at Victoria University in Wellington, holder of the inaugural Chair in the Economics of Disasters Christina Bennett from the Overseas Development Institute (Picture: People shop in a supermarket after Hurricane Irma swept through the area on September 13, 2017 in Naples, Florida. Credit: Getty Images)

Is Inherited Wealth a Curse?

Play Episode Listen Later Sep 9, 2017 26:28


Does passing down large amounts of money within families drive the gap between rich and poor even wider? It seems that some of the world's richest people, like Bill Gates, recognised this and have pledged to give away most, if not all, of their wealth to good causes rather than their children. Is inherited wealth a curse, both on a personal and macro-economic level? Should we tax it much more heavily, or even ban inheritance altogether? Manuela Saragosa is joined by a global panel of guests to unpick the issues on intergenerational fairness. Contributors: Barbara Blouin, founder of The Inheritance Project, Karen Rowlingson Professor of Social Policy at the University of Birmingham, Edward Wolff, Professor of Economics at New York University and Jørgen Næsje, State Secretary in Norway's Finance Ministry. (Picture: College Republicans Rally For Repeal Of Estate Tax. Washington DC June 2006. Credit: Getty Imgages)

Pocket Money

Play Episode Listen Later Jul 7, 2017 26:28


How much pocket money, if any, should you give your children? What does it teach them about the world of finance? Some parents give their children an unconditional allowance, with no strings attached, but could this be considered a form of child abuse? Does it make them financially irresponsible adults with a sense of entitlement? And if you only give your children money in return for them washing the dishes or cleaning their room, do they ever understand the real meaning or usefulness of the work they are doing? We assess the value of pocket money as a tool for introducing young minds to the world of money, and ask whether parents should be more open with children on money matters and even give them more power to make their own choices with the help of new technology. Contributors Professor Lewis Mandell, a financial economist specialising in financial literacy Dean Brauer, c-founder of goHenry, a digital pocket money app Professor Agnes Nairn, a researcher on consumerism and marketing to children Bianca Isaincu, from Child and Youth Finance International, a non-profit which aims to educate children about money and get them access to bank accounts (Picture: Piggy bank. Credit: iStock, Getty Images)

Hong Kong: In China's Shadow?

Play Episode Listen Later Jun 30, 2017 26:28


Can Hong Kong still call itself the gateway to China, or is it in danger of being dwarfed economically by its mainland neighbour? On the twentieth anniversary of the British handover of power to Beijing, we hear about the mainland Chinese money buying up Hong Kong businesses, properties and land, and discuss the impact it's having on the territory’s economy and society. As property prices rocket and people are left struggling to afford smaller and smaller flats, what future is there for Hong Kong’s young people? Have decades of financial might made Hong Kong complacent, and where will future economic growth come from? Contributors Allan Zeman, chairman of Lan Kwai Fong Group Elaine Tsung, co-founder of The Garage Society and Eaton House Andrew Shuen, from The Lion Rock Institute John Greenwood, chief economist at Invesco (Picture: A traditional junk boat sailing across Victoria Harbour, Hong Kong. Credit: Getty Images)

India's Cash Gamble: Has it Paid Off?

Play Episode Listen Later Jun 23, 2017 26:28


Has the shock decision to scrap almost all of India's cash been a success or a failure? Last November's withdrawal of 500 and 1,000 rupee notes caused chaos for millions of people and businesses, but now the dust has settled, is there any evidence it was effective in tackling corruption and curbing the black economy? Have those hardest hit by the demonetisation now managed to recover? What impact, if any, has the move had on India's economy? And in a society where cash is king, are there any signs people have been pushed towards using bank cards or mobile payments? Contributors Jayati Ghosh, professor of economics at Jawaharlal Nehru University, in New Delhi Economist Lord Meghnad Desai Gaurav Daga, owner of Oswal Cable Products in New Delhi Piritta Sorsa, head of economics research on India at the Organisation for Economic Co-operation and Development (OECD). (Picture: A man holds old Indian notes at a protest against demonetisation in Bangalore. Credit: Kiran Manjunath, Getty Images)

Africa: The Commodity Curse Returns

Play Episode Listen Later Jun 16, 2017 26:28


Sharp falls in commodity prices have dealt serious blows to the prospects of workers, communities, and businesses in large parts of Africa over the last few years. The World Bank said economic growth in sub-Saharan Africa slumped to its lowest level for more than two decades last year and earlier this month South Africa, the continent’s third largest economy, re-entered recession. The picture is not uniformly bleak – the outlook is much more positive in East Africa – but the continent’s largest economies are suffering. Can they turn things around and end their reliance on oil and mining? What hope is there for those seeking relief from poverty, and what jobs might they do in the future? Ed Butler is joined by a panel of guests: Kola Karim, CEO of Shoreline Group, a Nigerian energy and infrastructure company; professor Mthuli Ncube, head of Quantum Global Research Lab and former chief economist of the African Development Bank; and Lorenzo Fioramonti, professor of political economy at the University of Pretoria, in South Africa. (Picture: Women fill wheelbarrows with coal in South Africa. Credit: Marco Longari, Getty Images)

Moving the Goalposts – to China

Play Episode Listen Later May 27, 2017 26:29


Is the world of football about to see a powershift? China wants to be a global leader in football and President Xi has a masterplan to have fifty million Chinese citizens playing football by 2020. It's the big money transfer of players that catch the eye and this summer will see more star names tempted to make the move to China. Ed Butler is joined by Simon Chadwick, Professor of Sports Enterprise at Salford Business School, Mark Dreyer, editor of China Sports Insider and Alexander Jarvis, chairman of Blackbridge Cross Borders, who specialise in the football business. Ed looks to find out why China is doing this and whether they can really succeed. (Picture: A view of the main stadium at the Evergrande International Football School in Guangdong Province, China. Credit: Kevin Frayer/Getty Images)

Trump and the Sunshine State

Play Episode Listen Later May 20, 2017 26:29


Florida was split down the middle in the US presidential election. Exactly four months into his first term, Donald Trump is now mired in controversy, over the sacking of FBI director James Comey and the investigation into Russian hacking. Politics has eclipsed the president's economic agenda in many areas. Ed Butler travels to the sunshine state of Florida to ask Trump supporters and opponents whether they think he can deliver on his promise to boost economic growth and improve living standards. Ed also asks Harvard economics professor Ken Rogoff for his assessment of whether the president can start to make good on his economic pledges. (picture: A construction worker in Miami, Florida. Credit: Joe Raedle/Getty Images)

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