China and India are making immense strides in development. Growth in both countries has been impressive. But there is now much concern about whether impressive growth rates are yielding enough poverty reduction. The present debate about their poverty lines is a reflection of this. In this second...

Today, there is much frustration with the financial sector. Society's precious savings are not being put to the best of uses — investing for the social good. It is unnecessary to repeat at length what has gone wrong over the last few years. The situation can be summed up as one where greed met...