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A Big Bank Gets Small
HSBC’s decision to end its operations in Brazil and Turkey, and lay off around 10% of its workforce worldwide, shows just how far it has come from the days...
The Real Story about Real Wages
First, monthly jobs growth exceeded expectations, as employers hired 280,000 people. Second, the labor force participation rate ticked up, indicating that people who had stopped looking for work were...
Economic Confidence Building in Greece Could Take Far Longer than Debt Repayment
One of the main issues dominating the G7 was the Greek bailout. For the seven leaders attending the Bavarian summit, resolving the debt crisis in a way that is...
The Ill-effects of Sitting Down on the Job
Standing up at work can be good for your health. That is the finding of recent research that links standing-based work to improved health outcomes. It follows numerous other...
Are Remittances Undermining the Democratization of Africa?
Much has been written about the impact of remittance inflows on economic and social outcomes, including economic development, inequality, and poverty. However, little is known about the effect they...
Due Process in Imposing Taxation, Important Today, Began 800 Years Ago
If you ask anyone what the Magna Carta is all about, you might be told that it is some sort of proto-human rights or constitutional document. This largely results...
If the UK is to Help ‘Hardworking People’, Then Help Them
Declarations of support for “hardworking people” were commonly heard in the UK general election. This was echoed in the Queen’s Speech, when David Cameron said the 26-bill package was...
Short-term Memory Loss is Dangerous in the Financial Markets
Something happens between the bubbles, bailouts, boom and bust cycles that we can’t afford to ignore, and it’s happening right now in the US and Europe. It is a...
There is Disequilibrium Without John Nash
A two-page paper published by John Nash in 1950 is a seminal contribution to the field of Game Theory and of our general understanding of strategic decision-making. That paper,...
Running a Business not the Same as Running a Country
Imagine your new boss arrives, and his first words to the assembled employees are “Great to be here. I don’t know much about what this organisation actually does because...