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Business Weekly Archive: Going Against The Grain

30/01/2010

Going Against The Grain

BBC World Service - Business Weekly Archive, Going Against The Grain

The black market, China's property bubble and will Obama's banking reforms work?

The black market: is it capitalism in its purest form? One of America's top investors foresees a crash in China's property market. And warnings that Obama's bank reforms won't work.

Informal traders and black market profiteers: do they represent the seamy side of business or capitalsim in its purest form? Toby Sheta, a Zimbabwean mobile phone trader, talks about how he had to apply 
"situational morality" to make money during the Mugabe regime.
Jim Chanos is a legendary New York investor from Kynikos Associates who built his fortune by anticipating the collapse of Enron and other flawed corporations. He now foresees a crash in China's sizzling property market. 
Expectations have been high over President Obama's bank reforms. But will they work?
Lesley Curwen asked Professor Martin Feldstein, a current member of Mr Obama's Economic Recovery Advisory Board, and Professor Tim Congdon former economic advisor to the British government.

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