The Eternal Russia
Why didn’t Ben Bernanke signal a third round of quantitative easing on Friday at the long-anticipated Jackson Hole summit? After all, at the same event last year, the US Federal Reserve chairman made it pretty explicit another funny money missile … Continue reading
I have always believed that the “tandem” is not an optimal arrangement – for reasons that seem obvious to me. To be credible, a leader of a country must possess – and be seen to possess – the ultimate and … Continue reading
How bad is the job market? Tom Weber chronicles the lowest hourly wage that Americans, and others around the world, will accept for an hour of work.
Regarding the editorial on Russia in the Wall Street Journal by Anne Jolis (“Khodorkovsky heads back to Siberia” June 15th), I could not help but notice the significance of the date. Exactly 13 years ago today, on June 15th, 1998, … Continue reading
Oil prices pushed up last week, back towards $120 per barrel. Brent crude is now 25pc more expensive than at the start of the year. The OPEC oil exporters’ cartel, meanwhile, has just failed to agree an official boost to … Continue reading