Business

Industry by Design?

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Industrial policies come in many shapes and sizes, but some strategies to nurture domestic firms and industries have clearly worked better than… Project Syndicate Understanding why may hold the key to creating the conditions for contemporary growth and… CAMBRIDGE – A quarter-century ago, in the wake of the Thatcher and… Industry by… Read More »

If you want to predict if the eurozone will survive – follow the money

Money - Irish

Despite elections in senior member states, the short-term prognosis for the currency union is good, but long-term worries remain, writes Daniel Gros. Irish Examiner What does the eurozone’s future hold? It depends where you look. Some economic indicators… If you want… Read More »

Das Knowhow Kapital

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JOHANNESBURG – It has been a quarter-century since apartheid ended, and 23 since the African National Congress took power in South… Ricardo Hausmann Project Syndicate But, as President Jacob Zuma reported in his recent State of the Nation Address, the country’s whites remain in… “White households earn at least five times more than black… Das Knowhow… Read More »

2 big banks raise alarm over Toronto housing ‘bubble’

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Housing price surge of 23% in a year can’t continue, BMO and TD… Pete Evans CBC News Two big banks are waving red flags about Toronto housing prices, calling them “simply unsustainable” and a “bubble” in separate… The Canadian Real Estate Association said this week that average house prices across the Greater Toronto Area hit $727,300 in February, a… 2 big banks… Read More »

Financial technology making app-based banks the future

Asia Times

The world is changing rapidly. Nigel Green Asia Times This is primarily because of new technologies becoming ever more integrated into our lives. Perhaps this is… Financial technology making… Read More »

The case for holding politicians to the same disclosure standards as company directors

Politicians - The Con-ion

Recent commentary on the rules governing politicians’ declaration of financial interests has highlighted the ease with which they are circumvented and the laxity with which they are enforced. Bede Harris The Conversation Senator Cory Bernardi was recently caught up in a dispute over whether he had correctly disclosed a A$1 million commercial property he owns in South Australia. He denies any… The case for… Read More »

Think millennials are lazy? Think again

Millenials - IA

Over-educated, under-employed and often living with the parents, life as a millennial is not an easy ride, writes Nicolle White. Nicolle White Independent Australia WHETHER it’s a rant in a blog from people that think Andrew Bolt deserves a Walkley Award, or through overhearing snippets of conversation between isles of the supermarket, it’s clear that many of the older generation… Think millennials are… Read More »

Stagnating Turkish Tourism Looking For Alternative Source Markets

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Turkish tourism has been stagnating for the past… TourismReview The industry has been suffering for many reasons. Safety concerns, political instability and terrorism are some of the issues connected to the fall of the once top summer… However, all may not be lost just yet, as Turkey aims to revive its main source markets like Russia, as well as concentrate on new… Stagnating Turkish Tourism… Read More »

The case for cash

Cash - Asia Times

Two possible drawbacks of high-denomination bills are discussed by Kenneth Rogoff in his book. James McAndrews Asia Times There is another side to this argument. Cash is an… The case for… Read More »

Does monetary policy still matter?

Monetary - Asia Times

Economic data suggests that the transmission mechanism between monetary policy and the real economy is extremely loose, if not completely broken David P. Goldman Asia Times Whether the Federal Reserve raises the overnight rate to 1% from 0.75% tomorrow rather than at its May meeting, as expected earlier, is a matter of compelling interest in the financial world. It shouldn’t be — not the way in which… Does monetary policy… Read More »

Online job sites may block older workers from entering their details

Work - Yahoo

Older Americans struggling to overcome age discrimination while looking for work face a new enemy: their computers. Bob Sullivan Yahoo Finance Illinois Attorney General Lisa Madigan recently opened a probe into allegations that ageism is built right into the online software tools that millions of Americans use to job hunt. Separate research published… Online job sites… Read More »

China: Trade war will only bring ‘pain’

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China on March 11 warned the U.S. against launching a trade war, saying that both countries would suffer if U.S. President Donald Trump follows through on his… BEIJING – Agence France-Presse Hurriyet The billionaire politician has repeatedly accused China of using unfair trade policies to steal jobs from the US, threatening to… “A trade war is not in the… China: Trade war… Read More »

Juncker: No to nationalism, yes to industry

PORT TALBOT, WALES - AUGUST 8:  Residential housing rests near the Corus steelworks on August 8, 2006 in Port Talbot, Wales.  Corus, formerly known as British Steel is Europe's second biggest steelmaker. (Photo by Scott Barbour/Getty Images)

Commission president outlines his vision for Europe as EU leaders gather in Brussels. Jean-Claude Juncker Politico As EU leaders gather in Brussels Thursday, they will take stock of Europe’s efforts to create jobs, generate growth and improve competitiveness. European industry has Juncker: No to… Read More »

China cuts its growth target to 6.5% for 2017

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China has cut its growth target this year. The world’s second-largest economy aims to expand by 6.5%, the premier announced at the opening of the… EuroNews The country had set a target of 6.5% to 7% last year, and achieved 6.7%, supported by record bank loans, a speculative housing boom and billions in… China cuts its… Read More »

Updating Cyprus’ money-laundering record

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Just over two weeks ago, Transparency International published a report called “Top Secret Countries Keep Financial Crime Fighting Data to… Fiona Mullen in.cyprus Transparency and good preventive practices are important because money-laundering cases are difficult to… The Magnitksy case, for example, has been open in… Updating Cyprus’ money… Read More »

Strategy in the Age of Superabundant Capital

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For most of the past 50 years, business leaders viewed financial capital as their most precious… Michael Mankins Karen Harris David Harding Harvard Business Publishing They worked hard to ensure that every penny went to funding only the most promising… A generation of executives was taught to apply hurdle rates that reflected the high capital costs prevalent for most of the… Strategy in the… Read More »