[Re: We should replace Fed monetary superheroes with rules-based policy, yesterday]
IT IS painfully evident that the agreement reached over Syria’s chemical weapons by Washington and Moscow in Geneva is so much less than meets the eye. The accord imposes unbelievably quick deadlines for Bashar al-Assad’s regime to meet.
WHAT makes a popular policy that can capture the public imagination? Policy, like politics, is best when it provides a noble purpose. A fight against injustice. A sense of direction. Ideas brutally simple to understand.
LARRY Summers is out of the race to succeed Ben Bernanke as Fed chair. After months of debate, with politicians and media picking over Summers’s personality and background, the spotlight has returned to Janet Yellen, deputy Fed chairwoman.
House price bubble
THE ASTONISHING rise of firms like Twitter (founded just seven years ago, yet now expected to float for $10bn), is often seen as a grand romantic narrative – an exciting story, difficult to predict.
WHEN people talk about the “City”, they often do so solely in terms of its banks – and financial services.
ECONOMISTS should be humbled by Friedrich Hayek’s famous plea: “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” If only government and central banks – and those who lobby
US FEDERAL Reserve watchers have taken a break from trying to figure out when the Fed will cut off its bond-buying programme to speculate about who will succeed chairman Ben Bernanke when his second term finishes at the end of January 2014.
SHADES of grey are fashionable – and not just because of those kinky books.
[Re: The unlawful EU financial transaction tax should rightfully be abandoned, yesterday]
TWO NOTABLE failures – US Secretary of State John Kerry and Russia – have dramatically transformed the Syria crisis in recent days.
YOU DON’T often hear people praising lawyers. But this week, many across Europe will be singing from their hymn sheet, following a leaked opinion by the Legal Service of the Council of the EU (CLS).
THE WORLD is looking to Germany, as its 22 September elections fast approach. The question on everyone’s lips is whether the next German government – the principle paymaster of Europe – will commit to a decisive deepening of the Eurozone.
Tesco in the US
[Re: What Tesco’s US debacle tells us about the wisdom of markets, yesterday]
FIVE years ago, nearly every macroeconomist agreed that central banks determined aggregate demand (total spending in the economy), and that fiscal stimulus was therefore unnecessary to lift depressed economies.
THE CONCEPT of the “rent seeker” is one of the most valuable in the whole of economics.
FIVE years after the collapse of Lehman Brothers, and the fallout from the financial crisis is far from over.
GEORGE Osborne yesterday presented his analysis of why the UK economy has turned the corner in recent months, arguing this demonstrated advocates of a “Plan B” had been proved wrong by events.
HOLLYWOOD producer Samuel Goldwyn once opined that “only a fool would make predictions – especially about the future.” It’s a wise view, but of little use to policymakers tackling big questions of the future.
THE NEW TSB bank was finally launched yesterday. The spin-off of 631 branches and 4.6m customers from Lloyds means that the UK now has the first new major competitor to the existing banks since the start of the financial crisis.
FOR A mode of transport that first arrived in the nineteenth century, railways have been remarkably resilient.
THE STORY of the “Walkie-Scorchie” has taken the world by storm – following City A.M.’s revelation last week that a Jaguar had “melted” in the heat on Eastcheap.
THE STORY is familiar. Figures from Halifax show that house prices rose by 5.4 per cent in the year to August 2013 – the highest rate since June 2010.
BRITISH Airways has just been exposed to the future of corporate communications. When one disgruntled passenger decided to complain about the quality of BA’s customer service, he ignored the traditional route of an angry call or email.
BRITAIN has lost a giant. Ronald Coase, the brilliant economist who shone new light on how and why companies form, died this week at the age of 102.
THE ECONOMIST Michael Woodford created quite a stir at the annual monetary conference at Jackson Hole in the US just over a year ago.
[Re: Wonga defends reputation as profits rocket, yesterday]
I REMEMBER the exact moment I knew I was a dinosaur. I was included in high-level meetings, aimed at assembling a coalition to buttress George W. Bush’s effort to remove Saddam Hussein.
DEVELOPMENTS in Artificial Intelligence (AI) will be among the most exciting advances of this century.
UNEMPLOYMENT and underemployment in the UK are still far too high. But given the circumstances, the UK’s labour market is in a far better shape than we might have expected.
Merkel and the EU
[Re: Merkel must find a bold new vision or Europe will continue towards disaster, yesterday]
FEW politicians are now prepared to stand up for their beliefs – if indeed they have any. Ideologies and courage have been consigned to the past.
AUTUMN is fast approaching, and the focus of the nation’s sporting interest is switching.
THE screams of rage, as the statists realise they’re not going to get any money from the sale of Vodafone’s stake in Verizon Wireless, have become deafening.