What Should Wall Street's Role In Society Be?
Today marks the second installment of Big Think's new series on business sustainability, sponsored by Logica. For the next twelve Mondays (through June 8, 2010), we will release in-depth discussions with top European experts focusing on how we can better align the interests of business with the greater social good. Today we share a clip from an interview with the Chairman of Nestle, Peter Brabeck.
Peter Brabeck wonders if there is a fundamental problem with financial institutions dictating the framework of our outlook on the future. Wall Street's real role in society, as he says, was "How on earth do you really put money in order to foster certain industries, or how to assure long-term development?" He continues: "What is sometimes more disturbing is that they try to impose very, very simple-minded monetary vision on the CEO's or on the management of the real economy. And it comes back to the quality of the CEO's."
In a breakthrough for nuclear fusion research, scientists at China's Experimental Advanced Superconducting Tokamak (EAST) reactor have produced temperatures necessary for nuclear fusion on Earth.
- The EAST reactor was able to heat hydrogen to temperatures exceeding 100 million degrees Celsius.
- Nuclear fusion could someday provide the planet with a virtually limitless supply of clean energy.
- Still, scientists have many other obstacles to pass before fusion technology becomes a viable energy source.
Military recruits are supposed to be assessed to see whether they're fit for service. What happens when they're not?
- During the Vietnam War, Robert McNamara began a program called Project 100,000.
- The program brought over 300,000 men to Vietnam who failed to meet minimum criteria for military service, both physically and mentally.
- Project 100,000 recruits were killed in disproportionate numbers and fared worse after their military service than their civilian peers, making the program one of the biggest—and possibly cruelest—mistakes of the Vietnam War.
The 116th Congress is set to break records in term of diversity among its lawmakers, though those changes are coming almost entirely from Democrats.
- Women and nonwhite candidates made record gains in the 2018 midterms.
- In total, almost half of the newly elected Congressional representatives are not white men.
- Those changes come almost entirely from Democrats; Republican members-elect are all white men except for one woman.
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