Facebook Stock Hits All-Time Record High Despite Ongoing Screw-Ups

Facebook Stock Hits All-Time Record High Despite Ongoing Screw-Ups

Photo: AP Facebook’s Cambridge Analytica scandal, through which the social media big gave entry to the info of up to 87 million users to an app partnered with an ultra-sketchy election information agency, nonetheless isn’t completely resolved, with information breaking this week investigators from four agencies are trying into Facebook’s conduct. But all of the […]

As its trade tussle with America heats up, China is on the back foot

As its commerce tussle with America heats up, China is on the again foot

FOR months Chinese officers have caught to the identical script: China doesn’t need a commerce conflict, however will win if dragged into one. As hostilities flip extra severe, this assured façade has taken a blow. Chinese equities have plunged into bear-market territory. The yuan had its largest month-to-month fall towards the greenback on report. Economic […]

Companies appear to be gaining market power

Companies seem like gaining market energy

COMPETITION forces firms to maintain costs low to draw clients. But if a couple of companies turn into highly effective sufficient, they’ll see off rivals and cost extra. A brand new working paper by Jan De Loecker of the University of Leuven and Jan Eeckhout of University College London presents proof that that is taking […]

Argentina’s currency crisis is far from over

Argentina’s forex disaster is way from over

Too dear to drown sorrows ON A residential road nook in Buenos Aires, Van Koning Market sells imported beers to the town’s well-heeled. Since it opened in June final yr prices have soared. The peso has plummeted, which means wholesale costs have shot up. Inflation is operating at 26%; the discount of presidency subsidies means […]

Central Europe’s Goldilocks economies

Central Europe’s Goldilocks economies

THEY evoke metallic gorillas in a cavernous, floodlit corridor: 640 robots with riveting weapons and arms for dealing with components. They will spring into motion this autumn on the opening of a brand new plant for Jaguar Land Rover (JLR), constructed at a value of €1.4bn ($1.6bn) on former farmland in Nitra, in western Slovakia. […]

China’s statistics are bad. Many criticisms of them are worse

China’s statistics are dangerous. Many criticisms of them are worse

“Our people crave, more than anything else, to know the extent of the nation,” says the narrator in “Do You Love Me?”, a brief story by Peter Carey set on an imaginary world that lionises cartographers. To fulfill that craving, the nation carries out an everyday, exhaustive census: a “total inventory of the contents of […]

The altering world of labor

“MONEY often costs too much,” quipped Ralph Waldo Emerson. But a brand new examine means that since 1950, the value of shopping for it with labour in America has fallen. Greg Kaplan of the University of Chicago and Sam Schulhofer-Wohl of the Federal Reserve Bank of Chicago have linked measures of how Americans at present […]

The rich world needs higher real wage growth

The wealthy world wants larger actual wage development

CENTRAL bankers and economists have spilled a lot ink lately on the query of why wages haven’t grown extra. The common unemployment price in superior economies is 5.three%, decrease than earlier than the monetary disaster. Yet even in America, the most popular rich-world financial system, pay is rising by lower than three% yearly. This month […]

Fighting the useful resource curse via on-line gaming

ALAIN LILLE just isn’t happy. His wildcat oil agency spent a fortune searching for oil in Petronia, a former colony recognized for cashmere wool, lengthy earlier than anybody else was keen to take the chance. After sealing a cope with the long-ruling authorities, he was poised to reap the rewards. But in final 12 months’s […]