Greece has a current population of 11.3 million people, which is roughly twice that of Scotland, for our US readers that’s just slightly fewer than the number of people who reside in the state of Ohio–roughly; 0.165% of the global population. Its economy (measured by GDP) is roughly 0.478% of the world’s total, falling somewhere on the global list behind…
Posted in Daily £££ Chatter |
Joe Nocera is a bright guy. Over the course of a lengthy career, the former Fortune executive editor has won numerous awards for excellence in business journalism and recently co-authored a penetrating analysis of the financial crisis (All the Devils Are Here: The Hidden History of the Financial Crisis). He now hangs his hat at the New York Times, covering…
Posted in Friday's Financial Question |
Why do we say we want simplicity and then chose complexity? It often starts when we get caught in the trap of two competing stories. In the first one, we tell ourselves we want to simplify, simplify, simplify. In the second story, we tell ourselves that the solution to an important problem has to be complex. The reality is that…
Posted in Friday's Financial Question |
The surge in stock prices around the world in the first quarter serves as a reminder that predicting market trends can be a frustrating business. Six months ago, the outlook for stock prices appeared to be fading from grim to grimmer: Politicians were wrangling unsuccessfully to craft a deficit reduction plan, Standard & Poor’s had removed its AAA rating on…
Posted in Daily £££ Chatter |
For all the welter of announcements, the Chancellor is basically sticking to his Plan A, albeit the extended version revealed last autumn. The most interesting points to emerge from his speech were: A proposed further rise of £1,100 in the personal allowance to £9,205 for 2013/14. A proposed reduction in the 50% income tax rate to 45% from April 2013….
