Financial Times - Page 3

French Socialist economist Thomas Piketty made a big splash in the U.S. recently with his book Capital in the Twenty-First Century. The 600-page tome argues that since the owners of capital end up with capital, it must be globally taxed

On May 23, the left’s favorite new socialist-themed economics book was criticized in one of the world’s leading business newspapers. This sharp criticism caused both The New York Times and The Washington Post to rush to defend the book and criticize

Thomas Piketty’s  “Capital in the Twenty-First Century” has been widely praised by the left for its conclusion that capitalism is driving wealth inequality to levels not seen in over 100 years. Financial Times did some checking on the underlying data

Front National candidate Jean-Marie Le Pen suggested this week that France’s immigration problems could be “solved in three months” by “Monsieur Ebola,” suggesting that an outbreak of the deadly disease would reduce the immigrant population in the country. According to

Financial Times sent shock waves through the U.S. business community last week when headlines announced that China will overtake the United States as the “world’s leading economic power this year,” a title we’ve held since we passed England in 1872.

A secret memo has been passed around top members of the coalition, including the Prime Minister and his deputy Nick Clegg, outlining what kind of political heavyweight needs to be appointed as Britain’s next European Commissioner. The Number 10 memo

Margaret Thatcher famously commented on the European welfare state spending, “The problem with socialism is that eventually you run out of other people’s money” to spend. European elites are panicking over a report in the Financial Times of London titled

In addition to going all-in for amnesty legislation in Congress, Silicon Valley companies are getting more creative in their efforts to import more foreign workers. The Financial Times noted that in “booming” Silicon Valley, “engineers are in high demand but

As I traveled back from the EU this weekend, a story in the Financial Times about the unrealized losses that the Fed has generated on its vast portfolio of U.S. Treasury and Mortgage Backed Securities (MBS) caught my eye. These losses, contrary

Illinois has one of the worst pension messes in the nation as the cost of government employee benefits is sending state, county, and local governments into bankruptcy crises all across the state. No place has more trouble than Chicago, prompting

Len McCluskey, head of the Unite union, has said that Ed Miliband’s reforms of party funding will give his union more power over the party. Under the plans, which were approved today, union members will no longer be automatically affiliated

The Financial Times reports that more than 40-plus senior journalists have just been laid off at CNN and its sister network, HLN. Most of the layoffs occurred in November, were concentrated in Washington, Atlanta, and New York, and, according to

The Russian government has banned David Satter, an American journalist, from Russia. He is the first American journalist banned since the Soviet Union collapsed in 1991.  His expulsion was confirmed on Monday by Radio Free Europe’s president, who said no reason

As America was entering World War I, Joe Young and Sam Lewis wrote a song that became a huge hit at the time: “How ‘Ya Gonna Keep ‘Em Down on the Farm (After They’ve Seen Paree).” Something similar happened in

In today’s Financial Times of London, former Speaker Newt Gingrich analyzes the current epic battle in Washington and concludes that history is against the “whiners, complainers, and the hysteria mongers.” There has been a great deal of hyperbole and hysteria

The cover of New York magazine, for the issue dated September 29, 2008, depicted a trader on the NYSE, his right hand covering his face, which has been thrown back in despair. The lead article was entitled “The Great Shakeout: Goodbye Masters

The media world was taken by surprise when Jeff Bezos bought the Washington Post for $250 million last week. What the billionaire entrepreneur behind Amazon.com has planned for the 135-year-old newspaper is anyone’s guess, but one Silicon Valley financier says radical changes are imminent.  Michael Moritz,

Should JPMorgan Chairman and CEO Jamie Dimon be the next Fed Chairman? Federal bankrRegulators just published the latest “draft” bank capital guidelines for US depository institutions, aka “Basel III.” You don’t need to know the details; just know that consumers

(AFP) – US Internet giant Google is preparing changes to its dominant search system to satisfy EU anti-trust authorities, the Financial Times said on Saturday. In a five-year accord with Brussels, Google has promised to make users “clearly aware” when

From the island of Cyprus came Pygmalion and Aphrodite, symbols of love and beauty. That was long ago. Now we have an agreement by its President to concede to a request from Brussels that might have equally far-reaching consequences, but of a less

ADDED: Financial Times communication manager Ryann Gastwirth emailed some clarifications to this story. His full email is below: The cuts and restructuring outlined by John Fallon are Pearson-wide and not specific to the FT. Also, the second sentence refers to

(AP) – Kenya’s top two presidential candidates held their final rallies before large and raucous crowds Saturday, a day of political attacks and denials following published comments attributed to the prime minister that election violence could be worse than in

America may yet “frack” its way to prosperity.  According to Dow Chemical, in the past two years, manufacturers have poured $90 billion in U.S. investments into natural gas, sparking what the Financial Times calls a “shale revolution” that “appears to

Television viewership is suffering a steep decline so far this season. Or is it? The raw ratings tell a dramatic story, according to the Financial Times. TV executives rush to point out that more people today watch shows on alternative

The Financial Times reports that online behemoth Google has offered a pre-emptive deal to settle anticipated European Union claims of unlawful behavior damaging to competition in the online search and services market: “Google has made a bid to avoid an antitrust war with

Online giant Facebook is raising fresh privacy worries over its ad tracking methods following news that the social networking company is now working with Datalogix, a firm capable of monitoring whether individuals shown online ads ultimately purchase advertised products. The Financial

The Group of 20 top economies will meet shortly to try and coordinate a response to soaring food prices, driven by drought and rising demand, the Financial Times reported Monday. Over the weekend, US President Barack Obama called on Congress

XINJIANG, China, Aug. 2 (UPI) — The Chinese Communist party has stepped up efforts to prevent Muslims in Xinjiang from fasting and visiting mosques during Ramadan. A statement from officials in the Zonglang Township in Xinjiang’s Kashgar district said “the

On Tuesday, President Barack Obama said if the Supreme Court struck down Obamcare on Thursday, such a decision would, according to a Financial Times account, send the country “backwards” and Americans did not want to “re-fight” healthcare.  At a campaign

WASHINGTON, May 14 (UPI) —Banks will “lose their battle” to weaken new Wall Street rules, a U.S. senator said, as JPMorgan Chase & Co.’s head said its trading loss could top $3 billion. Sen. Carl Levin, D-Mich. — a proponent

When Congress passed the “edujobs” stimulus in the summer of 2010, the nation’s teacher union leaders must have made champagne toasts to celebrate their clever way of preserving union jobs while so many public schools were facing budget problems. Union leaders figured

With recession looming in debt-struck Europe, governments face growing pleas to move away from all-out austerity and inject growth policies as leaders struggle to revive their economies. European Union leaders used two summits this year to begin discussions on how

Vladimir Putin vowed Thursday to win $500 billion in investment for Russian offshore field development over 30 years to tap the country’s full energy potential with the help of foreign expertise. Putin outlined a broad new and largely business-friendly energy