NHS orthodoxy is dying: Here’s how to put patients at the heart of healthcare September 1, 2015 Surveys often suffer from what is known as “social desirability bias”: when people sense that an opinion they hold, or a habit they engage in, is unfashionable, they are unlikely to be entirely honest about it in a survey. Instead, they may simply tell the interviewer what they think they are socially expected to [...]
Folly of the Corbynistas: There’s nothing mainstream about Labour leadership hopeful Jeremy Corbyn’s economic plans September 1, 2015 A group of economists recently hit the headlines with their claim that Jeremy Corbyn’s policies are supported by mainstream economics. Perhaps the best known of them is David Blanchflower, a Monetary Policy Committee member when Gordon Brown was chancellor. He predicted before the 2010 General Election that, under the Conservatives, unemployment would rise [...]
The collapse of satanic capitalism: Global economic analysis Isil-style September 1, 2015 At the end of a week in which financial markets experienced immense volatility, advice on the underlying, structural issues afflicting the global economy came from an unlikely source. While short-term concerns were soothed by comments from key figures at the US Federal Reserve, it was left to the so-called Islamic State (also known as Isil) [...]
Chinese financial crisis 2015: Is there cause to be upbeat about China at the moment? September 1, 2015 Mark Williams, chief Asia economist at Capital Economics, says Yes The collapse of China’s equity bubble doesn’t matter. One in 30 people in China owns shares, foreign ownership is tiny, and the implosion tells us nothing about economic trends. Focus on the economic data and the picture is not that bad. Property and heavy industry [...]
Manchester United retaliate as Real play De Gea blame game September 1, 2015 Manchester United hit back at Real Madrid last night after they pointed an accusatory finger at the Premier League side following the collapse of goalkeeper David de Gea’s £29m transfer due to the alleged late arrival of paperwork. United said the club felt “compelled” to clarify the situation, and contested Real’s suggestion that the breakdown [...]
Manchester pair top of Premier League for summer spend September 1, 2015 MANCHESTER clubs led the way in flexing the Premier League’s financial muscle this summer as they accounted for more than a quarter of the top-flight’s total outlay. Manchester City spent more than £140m on attracting big-money stars such as Kevin de Bruyne, Raheem Sterling and Nicolas Otamendi, while United splashed out close to £100m on [...]
West Brom’s Berahino will be back: Rooney and Schneiderlin show that players can be brought in from the cold September 1, 2015 Saido Berahino of West Brom and Manchester United’s David de Gea might not like it, but I think it’s good to see clubs refuse to cave in and sell their stars. It’s common now for players to throw their weight around in an attempt to manufacture a move, ignoring their contractual obligations and coming [...]
China stock market crackdown: Chinese government arrests nearly 200 over ‘illegal rumour-mongering’ August 31, 2015 City figures launched a broadside against China’s government last night, after authorities spent the weekend rounding up nearly 200 people deemed guilty of “illegal rumour-mongering”. Beijing appears to have lost faith in its ability to stem a decline in China’s shares through large-scale purchases. Instead, it has turned on traders, social media users and [...]
Maersk bucks trend of oil firms fleeing North Sea August 31, 2015 DANISH oil firm Maersk disrupted the recent trend of companies withdrawing from the North Sea yesterday, as it announced a £3bn investment into a new project in the region. The company has received approval from the UK Oil & Gas Authority to develop a high pressure, high temperature (HPHT) gas field in the UK central [...]
Oil rallies as US revises output estimates down August 31, 2015 CRUDE oil prices jumped yesterday, on news that the US oil industry pumped less of the commodity than initially estimated this year. The US Energy Information Administration yesterday cited survey data estimating that the US pumped out just below 9.3m barrels per day (bpd) in June, down by 100,000 bpd from estimate figures in May. [...]
