Turning on the Gas: Global Economies Add $57 Trillion in Debt
It’s a number so big that it immediately commands attention: $57 trillion. That’s how much debt – comprising government, households and the private sector – has been added to the global total since the financial crisis, according to a new report from the research firm McKinsey & Co.
In the wake of most financial crises, there is a period where debt actually goes up, as debtors have to borrow more for funding. But after that, a period of deleveraging follows. That hasn’t happened this time, Richard Dobbs, a McKinsey research, said this morning on the MoneyBeat show. Read the full story
Diving Back Into the Intern Pool Before B-School
Plenty of students take it easy after they get into business school, taking time to travel or spending the months coasting at work.
A small group is choosing a different path: becoming lowly interns again, working for low wages, or even for free, in hopes of gaining an edge before classes begin.
Early-bird internships don’t always lead to job offers, but for students who plan to switch careers after school, the stints give students a leg up for on-campus recruiting, according to students, recent graduates and admission consultants. And, for those who want to start companies or join early-stage ones, time spent at a tiny, and sometimes failing, startup can open the door to a new industry or give a non-tech person a more digital sheen.
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