The finance ministers and central bankers meeting later this week may offer the last chance the G20 has to get back in the harness.
G20 needs to regain lost purpose
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Monthly Archives: February 2013
U.S. GDP: pick a number, any number
U.S. GDP contracting or expanding; Photo Credit: AFP/Getty Images/Robyn Beck
Lies, damn lies and statistics. The advance reading of fourth-quarter U.S. GDP caused a shock when it was released on January 30. The reported contraction in the American economy of 0.1% at an annual rate caught almost every economist by surprise. And that, maybe, is because it never happened.
China’s January trade figures a cause for cautious cheer
Photo Credit: Reuters/China Daily
Chinese exports and imports rose strongly in January, pointing towards solid growth both in China and abroad at the start of 2013.
Bolt sprints free of U.K. taxes
Tax-free gold: Photo Credit: Getty Images/Alexander Hassenstein
Her Majesty’s Revenue and Customs – the U.K. taxman to you and me – says that paying tax isn’t voluntary. The U.K. finance minister says, oh yes it is. Or at least it is if you are a sporting superstar.
Euro area reforms in motion, according to Big Mac
If the price of a McDonald’s Big Mac were to be used as a fiscal indicator, hard-hit euro zone countries like Ireland, Greece, Portugal and Spain would seem a lot better off.
Sony’s Hirai needs a new Walkman
Photo Credit: Reuters/Shohei Miyano
Sony’s third-quarter loss announced Thursday was its eighth consecutive one. The company had been expected to report a return to profit.
The rise and fall of U.S. Postal Service jobs in one chart
The number of postal workers has fallen from a peak of 909,000 in April 1999 to 601,300 last month.
Banksters’ rap sheet
The crimes, the fines, and the guilty parties — all in one handy chart.
A looming transatlantic trade pact
A free trade deal between the U.S. and the E.U. would kick-start growth and job creation on both sides of the Atlantic.
Jim O’Neill, coiner of ‘Bric’, to retire
Photo Credit: AFP/Getty Images/Adrian Dennis
Jim O’Neill is to retire as chairman of Goldman Sachs Asset Management. It caught our eye as O’Neill is the economist who is credited with coining the term Bric to cover the four large emerging market economies of Brazil, Russia, India and China.
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