Tuesday, July 7, 2009
Saturday, July 4, 2009
Baltic Martyrs For The Euro
The Baltic states are suffering deep recessions in their quest to reach the safe haven of the euro zone
State Budgets in Crisis : Happy New Year
The pain of balancing budgets is felt in California and many other states
The European Central Bank : Hard Talk, Soft Policy
The ECB has run a looser monetary policy than some might think
Thursday, July 2, 2009
Limiting Migration : People Protectionism
Rich countries respond to the economic downturn by trying to limit the flow of migrants
Tuesday, June 30, 2009
Monday, June 29, 2009
Sunday, June 28, 2009
What's in the Journals, June 2009
The Economist look at noteworthy articles from the business journals
CFO in focus, June 2009
The Economist round-up of noteworthy content published on CFO.com, a source of news and insight for senior finance executives
Friday, June 26, 2009
Hester Puts £10 Million Pay Where His Mouth Is
Commentary by The Economist : Royal Bank of Scotland was embroiled in more controversy over executive pay when it emerged that Stephen Hester, its chief executive, would receive a compensation package worth up to £9.6m ($15.8m). The package was backed by the bank’s institutional shareholders to “incentivise” Mr Hester. His predecessor, Sir Fred Goodwin, only recently agreed to return half of his £700,000 annual pension after a public outcry.
Kohlberg Kravis Roberts Adjusted Its Plan
The Economist : Kohlberg Kravis Roberts adjusted its plan to turn itself into a public company by proposing an offering through a merger with an affiliate already listed on the Euronext exchange. The “back door” move is viewed as a stepping stone to an eventual listing on the New York Stock Exchange.
Russian Stock Markets Punge 8 Percent as Oil Prices Fall
THE ECONOMIST :
Beware of the Bear :
Russian stockmarkets fell further when the World Bank forecast Russia’s economy would shrink by 7.9% this year. Russian indices have tumbled this month from their previous highs for the year, as have stockmarkets in many emerging economies. (China’s stockmarkets bucked the trend by reaching their highest levels for a year.) Analysts have sounded a note of caution about American and European stockmarkets, too, warning that underlying economic fundamentals are not as strong as the rallies of the past three months would suggest.
European Central Bank. The World Bank And The Federal Reserve
THE ECONOMIST :
The European Central Bank provided a record €442 billion ($620 billion) to the euro area’s banking system through its offer of unlimited one-year funds at 1% interest. The measure has been dubbed a “stimulus by stealth”.
The World Bank predicted that the economies of the developing countries would grow by only 1.2% this year, significantly below last year’s growth rate of 5.9%. By contrast, the OECD raised its forecast of economic growth for the first time in two years. The Paris-based organisation of 30 industrialised countries now expects GDP among its members to contract by 4.1% in 2009 and to grow by a modest 0.7% in 2010.
The Federal Reserve sounded a bit more optimistic about the American economy than it has for a while. After a two-day meeting, the Fed said that the “pace of economic contraction is slowing”, though the economy would “remain weak for a time”. The central bank played down the threat from deflation, a threat it had emphasised earlier this year.
Thursday, June 25, 2009
Wednesday, June 24, 2009
The Conservation Economy: A New Kind of Capitalism
Ian Gill (left), president of Ecotrust Canada, with former loan clients Karen and Steve Charleson, owners of Hooksum Outdoor School in Hesquiat Harbour, Clayoquot Sound. Photograph by: Handout photo, Ecotrust Canada
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