Bankers, Greens and the Barking Mad: When Prophesy Fails

Forecasts of the end of the world have an even worse track record than predictions in economics.  Some followers of the Mayan calendar believe the world will end next week. But we have been here before.  In 1956, an American group, led by a suburban housewife, believed that a catastrophic flood would destroy the world […]

If it can happen to Google, who can feel safe?

The dramatic crash in Google’s share price and the temporary suspension of trading in the company’s shares made headline news.  The event was triggered by the 20 per cent year-on-year fall in profits in the third quarter of this year. As usual, there was no shortage of explanations of why this happened – after the […]

Why do films flop?

The Disney sci-fi flick John Carter has become one of the biggest flops in movie history. The studio has announced that the film’s theatrical run will lose $200million. There has been a huge amount of comment in the media about why this happened. On Yahoo!, for example, several reasons were put forward. For example:the advertising […]