Technology has the power to transform – but it won’t render jobs obsolete August 5, 2013 FEARS that technology would destroy jobs and create mass unemployment have recurred with each wave of innovation since the Industrial Revolution. I was reminded of this when reading a book by the prominent trade union leader Clive Jenkins, from the late 1970s. The Collapse of Work did not beat around the bush. To Jenkins, technology [...]
A triumph of austerity: What Britain can learn from the Baltic states August 5, 2013 FOR the last five years, the UK has had one of the largest budget deficits in the EU. Britain’s public debt has exceeded 90 per cent of GDP. Only Europe’s real crisis countries have pursued even looser fiscal policy. The British and southern European governments have neither safeguarded public finances, nor stimulated economic growth. Perhaps [...]
Letters to the editor for 6 August 2013 August 5, 2013 Boosting business [Re: Open for business: How universities can boost our long-term recovery, Friday] Stephen Caddick is right to call for more active collaboration between business and universities. This is happening already through the University Technical Colleges (UTCs) across the country. These institutions are high quality technical schools for 14 to 19 year olds, bringing [...]
CNBC Comment: The subtleties of forward guidance August 5, 2013 THERE was little of significance from the Bank of England’s meeting last week, except for a small statement guiding us towards this week’s inflation report. But tomorrow’s quarterly forecast will be overshadowed by a decision about forward guidance. In July, the Bank’s Monetary Policy Committee (MPC) said rises in market rate expectations were unwarranted – [...]
Daily FX: Analyst picks August 5, 2013 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Closed (half) short Aussie dollar-dollar Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks The swaps market suggests a 91 per cent chance of a 0.25 per cent rate cut; so focus is on the policy statement. Reserve Bank of Australia [...]
England told to forget the winter and seal the series August 5, 2013 ENGLAND captain Alastair Cook has told his team-mates to focus on wrapping up a series win against Australia and forget about rubbing salt in the wounds in the winter return series Down Under. Heavy rain at Old Trafford put paid to Australia’s chances of winning the third Test yesterday, despite a profitable morning session where [...]
We can’t blame rain for Ashes loss, says Clarke August 5, 2013 AUSTRALIA captain Michael Clarke admitted his team had to blame themselves, not the English weather, for their failure to regain the Ashes after the third Test ended in a draw yesterday. England, chasing 332 to win at Old Trafford yesterday, were left reeling on 35-3 at lunch as the tourists dominated the morning session to [...]
Golf Comment : Woods is in ominous form ahead of US PGA August 5, 2013 THAT was Tiger Woods at his best. He was absolutely magnificent in winning the WGC Bridgestone Invitational by seven shots at Firestone at the weekend. He carded a second round 61, having been nine under in 13 holes, then a composed final round with 16 pars sealed his fifth win of the year. He was [...]
Murray eyes US Open title August 5, 2013 BRITISH No1 Andy Murray returns to the court for the first time since his Wimbledon triumph tomorrow and hopes for a strong showing in the Rogers Cup in Canada as he prepares to defend his US Open title. Murray has received a first round bye and will play either Bulgaria’s Grigor Dimitrov or Marcel Granollers [...]
United rebuff Chelsea’s £25m bid for Rooney August 5, 2013 MANCHESTER United yesterday rejected a fresh £25m bid from Chelsea for unsettled striker Wayne Rooney. The offer is the second from the Blues for the want-away England international, after a £20m bid was also rejected last month. Rooney has not been included in United’s squad to face Swedish club AIK in a friendly in Stockholm [...]
