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via Slow News Day: James joins Steve Poikonen, aka SlowNewsDay on the AM WakeUp to discuss the madness in the banking sector; the potential for the peer-to-peer economy to replace the centralized, global, industrial economy; and how we can recognize …
Should we really be surprised that the Treasury and Bank of England are exploring whether to launch a state-issued digital pound? Sunak, after all, was the chancellor who first floated the idea of backing a central bank digital currency (CBDC) …
The 21st century was supposed to belong to Africa: it heralded the start of the “Africa Rising” era, when the continent seemed destined to enjoy an extended period of economic growth and rising incomes. Two decades later, however, that narrative …
As Chinese New Year approaches, there is apprehension in a part of China often overlooked by overseas news reports: the countryside. China’s now-abandoned Zero-Covid policy was always more focused on urban areas; locking down apartment blocks in Shanghai or smartphone …
One might think that the arrival of the planet’s eight-billionth resident — a title symbolically awarded to Vinice Mabansag, a baby girl born in the Philippines — would be cause for celebration. Amid a sharp drop in the global fertility …
After nearly two decades of stagnant wages, lethargic economic growth and public service atrophy, Britain has been prescribed more of the same. After yesterday’s Autumn Statement, we are set to have the punitively high taxes of southern Europe, the leaden …
Over the course of this investigative series, you’re going to get a crash course in the creepiest company you’ve never heard of.
The post How BlackRock Conquered the World – Part 1: A Brief History of BlackRock first appeared on …
When the Bank of England announced its single biggest interest rate hike in 33 years last week, and warned that the UK faces its longest recession ever, it forgot to mention one important detail. It’s the actions of the Bank …
Shortly before the Government’s ill-fated budget, I had coffee with a Conservative MP who was keen to stress that the Tory party was heading towards disaster. It isn’t going to work, the MP told me, likening Truss’s breakneck dash for …
“You were only supposed to blow the bloody doors off,” the markets replied to one of the most fiscally expansionary speeches a Chancellor of the Exchequer has ever given to the House of Commons. Liz Truss and Kwasi Kwarteng could …
Faced with soaring costs of living, increased collateral damage from the war in Ukraine, and widening national inequality, Liz Truss seemed curiously optimistic in her first speech as Prime Minister. What could possibly be driving such bullishness? Absent any sign …
Just a few years ago, to be concerned with national resilience was to be seen as some kind of crank at best, and some kind of nativist radical at worst. Even at the height of Covid, to diagnose the fundamental …
As in Sophocles’s tragedy Oedipus Rex, we are witnessing a generational drama in which inheritors kill their proverbial father to marry their mother, in this case Mother Earth. The psychology behind this pattern is above my pay grade, but many …
The stakes associated with any particular climate policy are almost always less than claimed. This rule of thumb, which I’ve learned after more than 30 years working on the climate issue, is worth keeping in mind in the wake of …
In our age of crisis, the state has been reawakened, breaking the taboos of the past few decades. But it’s still an uphill climb. Over the past 40 years, there was broad political agreement that markets were not to be …