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Saturday, 20 December 2014

Columns

Edward Hadas

Edward Hadas: Dubai the global microcosm

19 December 2014

The emirate is rightly seen as extraordinary for its rapid growth in population and wealth. But it also brings into sharp focus the global inequality of income, the materialism of modern economies and the trend to trust an all-knowing, all-powerful government.

Rob Cox

Rob Cox: Sony email shareholders would like to see

17 December 2014

The hacking scandal at the Japanese conglomerate’s Hollywood studio isn’t just embarrassing. It’s a business problem for a company already struggling to turn itself around. Herewith, a fictional selection of internal messages Sony’s board ought to be fielding.

Hugo Dixon

Hugo Dixon: Greece still several steps from chaos

15 December 2014

Athens has entered a period of political instability, which could lead to an election won by Syriza. This radical left group’s policies could prompt Greece’s exit from the euro if fully implemented. But this is unlikely, as Syriza will struggle to execute its plan.

Edward Hadas

Edward Hadas: Making money safe

12 December 2014

Money is guaranteed by governments but is largely created by banks as a by-product of lending. It’s an inefficient and risky accident of history. More active supervision is required. States should take control of money creation. There needs to be less debt financing. 

U.S. Federal Reserve Chair Janet Yellen adjusts her glasses as she testifies before the Senate Banking Committee on Capitol Hill in Washington July 15, 2014.

Rob Cox: Yellen should gird for activist investors

09 December 2014

Uppity shareholders have so far avoided complex banks like Citi and JPMorgan. Regulatory pressure, middling performance and a dearth of large-cap options make them increasingly attractive for shakeup artists. That may put Fed Chair Janet Yellen in a new, uncomfortable position.

Hugo Dixon

Hugo Dixon: Can we have a good life without growth?

08 December 2014

The West, especially Western Europe, may have entered an era of low economic growth. This could cause misery, especially if no solutions are found to joblessness, debt and poverty. That said, a changed mindset about what matters may help with finding the answers. 

Edward Hadas

Edward Hadas: Cultural gloom spawns economic decay

04 December 2014

Pope Francis says Europe is “fearful” and “self-absorbed.” That’s about right, but he could have been talking about almost any rich country. As social idealism fades away, so do jobs, justice and ambition. The cure? An economics that prioritises the give over the take.

Rob Cox

Rob Cox: Wall Street in grip of Geithner nostalgia

02 December 2014

When the former U.S. Treasury boss made a surprise visit to a recent gathering of bank CEOs, the warm welcome he received could be misinterpreted as appreciation for an old softy. In fact, it was recognition that the current regime doesn’t have its heart in financial regulation.

Hugo Dixon

Hugo Dixon: Cameron pulls back from EU brink

01 December 2014

A month ago, the UK prime minister was close to advocating quotas on EU migrants. That would have sharply increased the risk of a “Brexit.” But when Cameron actually made his speech, the focus was on stopping migrants getting access to benefits – a policy which looks deliverable.

Edward Hadas

Edward Hadas: A healthy attitude to deflation

27 November 2014

The strength of downward price momentum has surprised most experts. Central bankers keep trying to fight the tide, as if in denial. It would be better to accept that the demographic forces which create disinflation are too strong to turn. Mild deflation isn’t so bad anyway.