admin February 15, 2019

print-edition iconPrint edition | Finance and economics Feb 16th 2019 | SHANGHAI LAST YEAR, when American officials visited Beijing for trade negotiations, they spent more time fighting among themselves than against China. They could not agree on who should lead the talks or what their goal should be. Seeing such amateurism, their Chinese interlocutors reckoned […]

admin February 15, 2019

Getty Images Did retail sales really stumble badly during the Christmas shopping season? Wall Street economists are skeptical. Very skeptical. Did U.S. retailers really just have the worst December since the 2007-2009 Great Recession? Wall Street’s economists are skeptical. Very skeptical. The Commerce Department on Thursday said retail sales slumped 1.2% at the end […]

admin February 15, 2019

EVERY YEAR a few women become the first of their sex to hold a particular job. The stars of 2018 include Tennessee’s first female senator and the first female head of the New York Stock Exchange. There is the occasional male first, too: in 2018 the first men graduated from Norland College, which trains nannies […]

admin February 15, 2019

IMAGINE YOU have an assignation in New York. You have not been told where you should meet the other person and she has not been told where to meet you. You have no understanding of where to find her or where she might usually be found. She is as ignorant of you. You cannot communicate. […]

admin February 14, 2019

GIANT BANKS are made, not born. Today’s American behemoths were formed by a dizzying series of deals in the decade before the financial crisis. NationsBank and BankAmerica became Bank of America. Wells Fargo joined with Norwest. J.P. Morgan and Chase melded, and then bought Bank One. The crisis brought more mergers, but out of necessity […]