Originally posted on Vox By Luigi Buttiglione, Philip Lane, Lucrezia Reichlin, Vincent Reinhart The world has not yet begun to deleverage its crisis-linked borrowing. Global debt-to-GDP is breaking new highs in ways that hinder recovery in mature economies and threaten new crisis in emerging nations – especially …
Category: Finance
The Japanisation Of Europe
By Edward Hugh By now it should be clear that the monetary experiment currently being carried out in Japan (known as “Abenomics”) is fundamentally different from the kind of quantitative easing which was implemented in the United States and the United Kingdom during the global financial crisis. In the US …
Eurocrisis Round Two, Blame the Germans Edition
By Edward Hugh “What strikes me, also, is the extent of intellectual confusion that remains.” – Paul Krugman, Europanic 2.0 “The problem is that Germany has continued to maintain highly competitive labor costs and run huge surpluses since the bubble burst — and that in a depressed world economy, this …
Is Japan Back In Recession?
By Edward Hugh “People should seriously consider that Japan’s economy may have fallen into recession despite the weaker yen and a stock rally from the BOJ’s easing and the flexible fiscal policy by Abe’s administration,” said Maiko Noguchi, senior economist at Daiwa Securities. “Initial expectations that the economy could …
Meet The Photographer Who Has Shot Alaska’s Iditarod Sled Dog Race For 34 Years Straight
Photographer Jeff Schultz has always loved adventure. In 1978, he moved from California’s Bay Area to Alaska with dreams of log cabins and self-sufficient living. Since then, he has traveled and photographed all over the state, seeking thrills and great images. And there’s no Alaskan event more thrilling than the …
US Treasury: China does not manipulate yuan
Washington (AFP) – The US Treasury said Wednesday that China does not manipulate its currency, but pushed Beijing to do more to focus on domestic demand, not exports, to drive economic growth.In a twice-yearly report to Congress, which would set sanctions on any country officially branded a “manipulator,” …
Bill Gates Says These Are The 3 Most Important Business Lessons He’s Learned From Warren Buffett
Few people in the US are more successful than Bill Gates. But that doesn’t mean the 58-year-old billionaire knows everything. There are still important business lessons to be learned by America’s richest man — and who better to learn them from than Gates’ friend and fellow billionaire Warren Buffett? …
US-led strikes kill ‘several hundred’ as Iraq, Kurds battle IS
Washington (AFP) – US-led air strikes on a Syrian border town killed “several hundred” Islamic State fighters but it may still fall, officials warned Wednesday, acknowledging significant jihadist gains in Iraq and Syria.While Iraqi troops prevented the jihadists from seizing a lynchpin provincial capital near Baghdad, a senior US …
CHART: Downloading And Streaming Are The Only Movie-Watching Methods Growing Among Teens
For a long time, the most common way to rent and purchase new movies was visiting physical stores like Blockbuster. But after Netflix came along with its DVD-by-mail service in the late ’90s — and later, its popular subscription streaming service — companies started devising new ways …
For $100 Million, You Can Install A Wall Of Water In Your Custom Boeing Dreamliner
VIP Completions has announced that its latest custom jet interior will feature a world’s first: a flowing-water display backlit with LED lighting, known as a bubble wall. The owner is able to manipulate the colors of these LED lights via a smartphone app. The bubble wall is the centerpiece…
13 Things Samsung’s New Galaxy Note 4 Can Do That The iPhone Can’t (AAPL)
Samsung’s new phablet, the Galaxy Note 4, launches in the US this week. It’s the best phone Samsung has ever made, and easily one of the best phones you can buy. The Note 4 is also packed with a lot of extras and features that the iPhone doesn’t have.There’s a heart …
Jurgen Klinsmann Is In A Feud With The Commissioner Of MLS
U.S. men’s national team coach Jurgen Klinsmann wants America’s best players to play for the world’s best teams. He has been vocal about this, even in the face of an increasingly popular trend where top U.S. players are returning home to play in MLS under lucrative contracts. In …
MORGAN STANLEY: Expect More Gifts And Pricier Gifts This Holiday Season
American consumers will have more buying power this holiday season. According to Morgan Stanley’s Ellen Zentner and Paula Campbell, US households have about $129 billion more discretionary income — money left over after tax payments, interest payments, and spending on necessities like food and transport — this year than last …
In Shanghai, The Famous London ‘Black Cab’ Is Now Gold
Like Big Ben and Trafalgar Square, London’s “black cabs” are a symbol of the English capital. However, when the cab’s manufacturer, London Taxi Company, went bust in 2012, China’s Geely Automotive came to their rescue and purchased the struggling operation for $20 million. As part of Geely’s plan to broaden the…
Wal-Mart Cuts Forecast, Blames ‘Tougher Sales Environment’ – Forbes
ForbesWal-Mart Cuts Forecast, Blames 'Tougher Sales Environment'ForbesA manager stocks shelves at a Walmart location. The company announced Wednesday it will be investing less in physical locations but more in e-commerce. (AP Photo/Sue Ogrocki). As U.S. equity markets suffered their worst day in three years …
Sands China Net Income Lags Behind Analyst Estimates – Bloomberg
Wall Street JournalSands China Net Income Lags Behind Analyst EstimatesBloombergSands China Ltd. (1928), the Macau casino operator controlled by billionaire Sheldon Adelson, said profit increased 3.3 percent as growth in mass-market gamblers partly made up for lower spending by high rollers. Third-quarter adjusted property earnings …Las Vegas Sands …
Stocks swoon; Dow closes down 173 points – Newsday
CBS NewsStocks swoon; Dow closes down 173 pointsNewsdayAdd comment. Stocks swoon; Dow closes down 173 points. Updated October 15, 2014 5:04 PM By THE ASSOCIATED PRESS. Traders work on the floor of the New York Stock Exchange during early trading on Tuesday, Oct. 14, 2014, on Wall Street. (Credit: …Stock Market Puts Investors on HedgeWall Street JournalMARKET …
Netflix Price Hike Weighs Down Subscriber Growth, Stock Skids 25{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} – Forbes
MarketWatchNetflix Price Hike Weighs Down Subscriber Growth, Stock Skids 25{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540}ForbesAfter suffering a somewhat less gruesome day than the rest of the market Netflix shares dropped close to 25{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} — or more than $110 — to about $338 in after hours trading. The video streaming company reported revenue and income in …