UK Only Article: standard article Issue: Europe goes to the polls Fly Title: Letters The goal of football SIR – I would like to respond to Bagehot’s contention that “Premier League football clubs are destroying their roots as they grow” (May 3rd). In fact, the Premier League’s success is explained by the close ties clubs maintain with their fans. We invest in grassroots football...
Homeownership rates are depressed for people under 35. Economists say nearly 3 million more young adults are living with their parents, compared with 2007....
When even a tiny garret in a major city is crushingly expensive, the ideal of the "starving artist" has shifted since the days when poverty was held up as ennobling....
Prominent Republicans — including former presidential candidates Mitt Romney, Rick Santorum and Tim Pawlenty — have endorsed a minimum wage hike in recent weeks. And in Vermont, lawmakers approved the nation's highest statewide minimum wage, in a deal brokered by a Republican state senator. Nevertheless, a nationwide increase faces solid Republican opposition in Congress....
New Jersey legalized online gambling in 2013, expecting a big windfall in tax revenue, but it has earned less than $8 million so far. What's gone wrong with New Jersey's big bet?...
Even now, five years after the crash, homebuilding is stuck at half its normal level. And a hoped-for bounce after the harsh winter hasn't materialized. Some analysts blame higher mortgage rates....
WITH eminences like Larry Summers sparking new interest in the idea of "secular stagnation", a particular view about the macroeconomics of the pre-crisis period seems to be coalescing. America was in the grips of a savings glut, the story goes, driven by several factors, such as: reserve accumulation by foreign governments and central banks, high levels of saving by pre-retirement Boomers, and the...
UK Only Article: standard article Issue: Europe goes to the polls Main image: 20140517_INC895.png Track global business expectations over time with our interactive barometer Executives remain optimistic about the outlook for business, according to the latest Economist/FT survey of over 1,500 senior managers from 114 countries (updated May 15th 2014). The balance of respondents...
Our interactive overview of European GDP, debt and jobs Europe’s economies CurrencyEconomyGDP per personUnemploymentYouth unemploymentDebtPublic debtBudget balancePrimary balanceGrowthLatest GDP change2014 GDP forecast2015 GDP forecast Source: The Economist Source: Eurostat Source: Eurostat *15- to 24-year-olds Source: Eurostat Source: European Commission Source: European Commission ... ...
With the Federal Reserve pumping trillions of dollars into the economy the past several years, why has inflation remained so low?...
WHEN in 2008 Britain’s long-bubbly housing market slumped, few expected a quick rebound. After the last major house-price crash, in 1989, it took almost a decade for prices to recover to their previous heights, even in nominal terms. This time around, they have managed it in about half that time. In London, prices are already 25% above their 2008 peak, and now rising at a rate of about 18% a year....
Today, few political leaders are putting the war against poverty at the top of their lists. Sen. Tim Scott (R-S.C.) is the exception. He talks about his conservative approach to ending poverty....
Gaza farmers broke new ground in 2013, selling fresh herbs in U.S. supermarkets. But despite cheap labor and excellent soil, the hurdles to creating an export-driven economy are enormous....
PUBLIC sector pensions in America are being cut, but in a subtle way. The latest report from the Center for Retirement Research (what would we do without it?) at Boston College shows that many states have managed to cut the cost of living adjustment, or COLA as it is known. A lack of inflation linking savaged the benefits of British pensioners, particularly in the 1970s. Even at 4% inflation,...
Child identity theft cases sometimes continue for years before they're discovered. Adam Levin, of Identity Theft 911, explains how this happens, and what to do about it....
A top federal regulator for the U.S. housing market signaled some big changes for government-run mortgage giants Fannie Mae and Freddie Mac. The changes likely mean lending will be expanded....
TODAY’S love-in between Angel Gurria, secretary-general of the OECD, and Sigmar Gabriel, the German vice-chancellor and minister for the economy and energy, was remarkable. Presenting a survey of the German economy, Mr Gurria heaped praise on its “very impressive” performance. He went out of his way to back the coalition government’s plan to introduce a general minimum wage (repeating his words in...
Perhaps you're well aware of the BRIC countries. But now there's MINT and CIVET and more. Emerging markets have fared poorly the past few years, but they are still cranking out lots of acronyms....
France's $1.6 billion sale is the biggest ever by a NATO country to Russia. But in the wake of Russia's actions in Ukraine, the French are debating whether they should suspend the deal....
Former Treasury Secretary Timothy Geithner received mixed reviews of his performance during the financial crisis. In his new book, he says he did what was required to "keep the lights on."...