Obama is risking disaster for the US as his administration abandons Asia October 6, 2013 WHILE all eyes are on the horrifying sight of American political dysfunction, an equally dangerous long-term threat to the country lurks just beneath the surface: the administration’s reflexive and disastrous foreign policy pivot away from Asia and towards the thankless Middle East. Forget the comforting nostrums that the US government can focus on more than [...]
City Matters: Stable and predictable regulation is key to safeguarding the future of finance October 6, 2013 PARTY conference season has typically been a testing period for the City of London – and in particular for the banking industry – over the last few years. Thankfully, however, this year saw the focus shift at least partially away from bankers, as the spotlight turned towards other sectors that are currently public (and political) [...]
Why our loose networks of entrepreneurs need to find a collective voice October 6, 2013 A CHASM has opened up, with entrepreneurs on one side and politicians and the public on the other. It may not be an obvious division, but it is damaging nonetheless. And it is why I’m launching a new think tank today, The Entrepreneurs Network, with support from the Adam Smith Institute. It’s time to amplify [...]
Letters to the Editor – 7/10 – Washington antics, Empty rhetoric, Best of Twitter October 6, 2013 Washington antics [Re: Recovery could still be extinguished by Washington’s antics, Friday] It’s easy to blame the crisis in Washington on a intractable group of Tea Party Republicans. We can criticise their behaviour. But is what they’re saying right? The real problem the US faces is not the debt ceiling (which will likely be raised) [...]
Energy innovation is stagnating and the implications for growth are stark October 3, 2013 EVERY day seems to bring better websites, cooler startups and niftier smartphones. But there’s one area where technological progress is barely crawling along. Unfortunately, it’s one race we cannot afford to lose. I’m talking, of course, about energy. To get an idea of the problem we face, consider two stories from last week: Ed Miliband’s [...]
The Long View: Why brief can be beautiful when you’re trying to make your first billion October 3, 2013 SIZE isn’t everything. Some of the best ideas are short. But formal publication, beyond social media’s throwaway pithiness, is hopelessly garrulous. There should be more to judging the intellectual pastry than seeing how thin it can be rolled. Yet to be taken seriously, it seems thoughts today must first be eked out into essays and [...]
Debt ceiling crisis is just a symptom of America’s dire fiscal recklessness October 3, 2013 US SENATE majority leader Harry Reid said on the floor of the Senate last month that “anarchists” had taken over the House of Representatives. While of course nonsense, Reid highlighted the deeply partisan nature of fiscal debates in Washington DC since the 2010 elections. These saw Tea Party Republicans voted in on a platform of [...]
Letters to the Editor – 04/10 – Business growth, Stamp duty, Best of Twitter October 3, 2013 Business growth [Re: Cameron needs growth gazelles to bring life to his land of opportunity, yesterday] The Prime Minister’s gazelles will find it difficult to leap with elephants in the room. Indeed, our recent research looked in depth at certain features of over 250 companies – around 54 per cent with no serious financial issues and [...]
Cameron needs growth gazelles to bring life to his land of opportunity October 2, 2013 IN HIS speech to the Conservative Party conference yesterday, David Cameron told the audience that the government’s great project was to make Britain a land of opportunity. He argued that Conservatives should see their mission as building a Britain where humble dreams like owning your own home or starting your own business are within the [...]
Why the clouds surrounding the banking industry may be starting to shift October 2, 2013 YOU COULD forgive me for being a little nervous at the prospect of the party conference season. Bankers have hardly been flavour of the month at these political jamborees in recent years. And at all three parties’ annual get togethers, there have previously been vocal elements unafraid to let rip at our industry – at [...]