Rising ache—The USA’s financial growth

Our weekly podcast on the markets, the economy and the world of businessAMERICA’S ECONOMY has been expanding for 121 months in a row—unemployment is low and the stock market has soared. But how long can this last? History suggests a painful recession might be around the corner. Nobel prizewinner and economics professor Joseph Stiglitz tells…

Might per chance presumably additionally merely mute egalitarians concern low ardour charges?

JOHN MAYNARD KEYNES once fantasised about a world of permanently low interest rates. In the final chapter of “The General Theory” he imagined an economy in which abundant available capital causes investors’ bargaining power, and hence rates, to collapse. In such a world markets would reward risk-taking and entrepreneurial talent, but not the mere accumulation…

An unhealthy tax commerce hits British hospitals

BRITAIN’S National Health Service often seems to be stumbling from crisis to crisis, but its latest problem is a self-inflicted wound. Waiting lists for operations in England have risen sharply, with one trust reporting a 50% jump in the past three months. The problem is not caused by a shortage of doctors but rather by…

Why The United States misplaced so many of its sad lecturers

JULY MARKS the 55th anniversary of the Civil Rights Act, which outlawed discrimination on the basis of race, colour, religion, sex, or national origin. It also enforced desegregation of the government-run school system nationwide, largely ending the practice of educational apartheid. But while desegregation transformed America’s education system, the way it was implemented by discriminatory…

If capitalism is damaged, most definitely it’s fixable

FOR DECADES Joseph Stiglitz has argued that globalisation only works for a few, and government needs to reassert itself in terms of redistribution and regulation. Today the sources of his ire have grown more dire. Wealth inequality has become a hot-button political issue just as populists are on the march. In Mr Sitglitz’s latest book,…