Peter Sands, Chief Executive Officer of Standard Chartered says the grip of the global financial crisis has loosened but there is still a lot of work to be done to fix the damage. He spoke with Reuters on the sidelines of the Clinton Global Initiative where he said the public has a right to be angry with bankers about their pay but capping compensation on a global level is not likely to happen. Watch his responses here and tell us what you think. Is it possible to have a global cap on executive compensation?
Pope Benedict issued an ambitious call to reform the way the world works on Tuesday shortly before its most powerful leaders meet at the G8 summit in Italy. His latest encyclical, entitled "Charity in Truth," presents a long list of steps he thinks are needed to overcome the financial crisis and shift economic activity from the profit motive to a goal of solidarity of all people.