admin July 5, 2019

It’s getting harder to generate a good return on your cash. An analysis of Federal Deposit Insurance Corp. data by behavioral economics consulting firm Analyticom found that rates for certificates of deposits (CDs) are falling across the board for the first time in five years. ‘July is a turning point because this is the […]

admin July 5, 2019

THE STUDENTS embarking on an economics doctorate at the University of California, Berkeley, this autumn face a daunting obstacle: Econ 201A, a course in microeconomic theory inflicted on all new recruits. Over 16 weeks they must acquaint themselves with some of the most formalised parts of economics, including Houthakker’s Axiom, the Slutsky matrix and Afriat’s […]

admin July 5, 2019

THE MEETING of the Organisation of Petroleum Exporting Countries (OPEC) in Vienna on July 1st and 2nd was, in some respects, a snooze. The deal announced by OPEC and its allies was the continuation of one struck late last year. For at least another nine months, daily production will remain 1.2m barrels below last October’s […]

admin July 5, 2019

LAST MONTH Japan’s Financial Services Agency (FSA), the financial-industry regulator, lobbed a grenade into a fractious debate on how to support the world’s oldest population in retirement. The typical elderly couple, it warned, will need to top up their public pensions by a whopping ¥20m ($185,000). The furore that followed put Taro Aso, the finance […]

admin July 4, 2019

THE MOTIVE force behind trade deals is supposed to be “FOMO”—the fear of missing out. If negotiators fail to grab new markets for their exporters, the theory goes, rivals may snap those markets up first. On June 28th two trading partners seized better access to each other’s markets as Mercosur, a customs union comprising Argentina, […]