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Untitled 14 Jan 2012 | 02:13 am
RBS cuts 3,500 investment banking jobsT) A branch of the Royal Bank of Scotland is pictured in London, on August 5, 2011. STORY HIGHLIGHTS Royal Bank of Scotland is to cut an additional 3,500 jobs ...
U.S. acts against Chinese oil trader 14 Jan 2012 | 02:04 am
The U.S. is taking action against three firms in Asia over oil deals with Iran. STORY HIGHLIGHTS U.S. has slapped sanctions on three firms including a major Chinese oil trader US State Department s...
Thinking big in space 14 Jan 2012 | 02:01 am
AS A small boy Paul Allen, the co-founder of Microsoft, dreamed of going into space. He even tried to launch the hollow aluminium arm of a chair, stuffed with propellant, into orbit. It didn't work ou...
Not so far apart 14 Jan 2012 | 02:00 am
A FEW years ago a prominent former treasury official came to lunch at The Economistand predicted that the debt level would become a national preoccupation. He expected Americans would grow weary of a ...
The zero lower bound in our minds 14 Jan 2012 | 01:59 am
PRIOR to the crisis, there was a general (if tenuous) accord among macroeconomists of many different stripes, that the Federal Reserve could and would act to stabilise the economy when necessary. Then...
Is the liquidity trap almost over? 14 Jan 2012 | 01:56 am
LIQUIDITY traps: we can't stop talking about them. Since late 2008, the nominal interest rate target suggested by most standard monetary policy rules has been negative, leaving the American economy in...
Cautious on the economy, happy with liquidity 14 Jan 2012 | 01:55 am
THE European Central Bank (ECB) kept its main interest rate at 1% following its meeting on January 11th. Speaking after the decision, the bank’s president, Mario Draghi, was cautious in his assessment...
The Big Mac index 13 Jan 2012 | 11:02 am
THE ECONOMIST's Big Mac index is based on the theory of purchasing-power parity: in the long run, exchange rates should adjust to equal the price of a basket of goods and services in different countri...
Prada is not Walmart 13 Jan 2012 | 10:59 am
INDIA, if you believe the government, will be a land in which Starbucks and Prada thrive but where foreign firms will be prohibited from selling onions. It does not seem like much of a cause for celeb...
America’s next CEO? 13 Jan 2012 | 10:57 am
Paint it grey Start with the advantages. The most important fact about Mr Romney is that he is a non-ideological man who did something that America needs a lot more of. In 2002 he was elected to gover...
