Investment & Business News Headlines

Spain's betrayal

Spain’s betrayal

It’s been a weekend of happenings.  In fact the last few days have seen the development of a number of stories of true significance. But perhaps the most important development relates to an old story: the woes of Spain.  It seems that Spain is being forced into an impossible position, and recent market complacency over the euro is now looking decidedly naïve. Today’s stories: Spain’s betrayal, IMF “incompetent”, City not fit for purpose, $21 trillion sitting in tax havens, And some innovators who do look towards the future...Read More

The network effect and the decline of morality

The economist Keynes once said: “The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence,...Read More

Posted Jul 24, 2012

Spain's betrayal

Spain’s betrayal

It’s been a weekend of happenings.  In fact the last few days have seen the development of a number of stories of true significance. But perhaps the most important development relates to an old story: the woes of Spain.  It seems that Spain is being forced into an impossible...Read More

Posted Jul 24, 2012

Innovation can sometimes outpace demand

According to Vaclav Smil in his book ‘Creating the Twentieth century: Technical innovations of 1867-1914 and their Lasting Impact’, the half a century or so period from 1867 was the golden age of innovation.

This was the period which saw Thomas Edison file a patent for an electric lamp, the launch...Read More

Posted Jul 24, 2012

Kids, Malthus, demographics and ageing

The most important theory about economics was probably wrong. Cast your mind back to 1798, and if you are not old enough to remember that far back, then lets just accept what the history books say. In that year, the first issue of ‘An Essay on the...

Read More

Posted Jul 24, 2012

Is the answer to NHS question lower wages?

And so it turns out that Chief Execs at some hospitals in the South West have decided there is only one thing for it, doctors and nurses must be paid less.

Only through paying medical staff at the NHS less money can ends be made to meet.

So, just as wages...Read More

Posted Jul 16, 2012

Banks under attack, where will it end?

Before we get on our high horses over LIBOR and accuse banks of screwing us again, just consider these words reported in the ‘Financial Times’ over the weekend. It was quoting the tweet from Zero Hedge as follows: “The thing about attempts to quantify the damages from LIBOR...Read More

Posted Jul 16, 2012

A week in focus: More QE, Euro crisis drags on

In the week that followed a summit to change the world, nothing much changed. Last week, it seemed the leaders of the EU had agreed a package to save the euro. A week on, and the same old problems, same old rows and disagreements are as great as ever.

For one...Read More

Posted Jul 09, 2012

The problem with bank bail-outs

When the dinosaurs ruled the Earth we mammals were a sorry bunch, ekeing out a living in the form of tiny shrew-like creatures, we clung precariously to our continued existence. Then the meteorite hit and TRex, Diplodocus and chums met their maker. In the vacuum that was left, mammals thrived...Read More

Posted Jul 09, 2012

Should the UK leave the EU?

To save the euro, the countries that share the currency have to move closer together, that is clear. It is equally clear the UK wants no part of this.

Calls for a UK referendum will grow and grow. Some economists have already starting drawing up cost benefit analysis.  And no doubt...Read More

Posted Jul 02, 2012

Savers prepare to tuck more away

Those famous economists, Fun Boy Three and Bananarama put their fingers on it. “It’s not what you save,” said the Nobel Laureates, “it’s the way that you save it.” And the conclusion that has earned them such high esteem among the great and the good: “And that’s what gets results.”

UK households...Read More

Posted Jul 02, 2012

Innovation can sometimes outpace demand

According to Vaclav Smil in his book ‘Creating the Twentieth century: Technical innovations of 1867-1914 and their Lasting Impact’, the half a century or so period from 1867 was the golden age of innovation.

This was the period which saw Thomas Edison file a patent for an electric lamp, the launch...Read More

Posted Jul 24, 2012

The network effect and the decline of morality

The economist Keynes once said: “The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence,...Read More

Posted Jul 24, 2012

Kids, Malthus, demographics and ageing

The most important theory about economics was probably wrong. Cast your mind back to 1798, and if you are not old enough to remember that far back, then lets just accept what the history books say. In that year, the first issue of ‘An Essay on the...

Read More

Posted Jul 24, 2012

Is the answer to NHS question lower wages?

And so it turns out that Chief Execs at some hospitals in the South West have decided there is only one thing for it, doctors and nurses must be paid less.

Only through paying medical staff at the NHS less money can ends be made to meet.

So, just as wages...Read More

Posted Jul 16, 2012

The herd of mammoths in the room

This is what Hugo Duncan, economics correspondent at the ‘Daily Mail’, said on the ‘This is Money’ web site: “The notion that there is an alternative to austerity exploded this week as attention turned to how Britain will pay for an ageing population.” The substance of the story...Read More

Posted Jul 16, 2012

Ageing, debt and when good news gets dressed up as bad

The Office of Budgetary Responsibility (OBR) had some pretty terrible news last week. It released its latest fiscal responsibility report, and it looked at the likely course of UK government debt over the next half a century or so. Its conclusions, well, let’s put it this way, they weren’t...Read More

Posted Jul 16, 2012

New banks rise from the ashes, but the government must do more to help entrepreneurs

Banks that should perhaps have gone belly up may still be functioning, but that has now started a pretty radical change. Customers are leaving banks and looking for alternatives. But a new scheme for providing seed capital to start-ups may point to where the future should be going.

Credit unions –...Read More

Posted Jul 09, 2012

Merkel, says nein, nein and then ya

She couldn’t have made herself clearer. You certainly could not accuse her of mincing her words. The topic was the woes in Europe. Ideas on the table, for the perusal of Angel Merkel, included a form of what’s called banking union – that’s where responsibility for bailing out banks is taken by...Read More

Posted Jul 02, 2012

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