Martin Wolf News
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Should the government give every household a pre-loaded gift card?
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Late one night 20 years ago, when I was an oil executive rather than an Anglican bishop, I had run out of steam and patience toward the end of a complex multinational acquisition. We came to yet another bit of box ticking and I suggested we skip it, because we knew the material was accurate.
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Economics, like life, is a balancing act. And the trouble with the global economy is that it’s badly out of balance.
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A poll conducted by the New York Times and CBS News in 2009 tells us what is wrong with the debate on how to deal with the economic crisis.
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The Independent Commission on Banking had a warning for investors as the government-appointed panel published its report on the future of the country’s financial industry.
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We have argued that if banks had much more equity, the financial system would be safer, healthier and less distorted. From society’s perspective, the benefits are large and the costs are hard to find; there are virtually no trade-offs.
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The British government commission that convenes tomorrow is unlikely to propose breaking up the country’s biggest banks after three of the five biggest lenders threatened to leave the country rather than accept change.
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The chief executives of U.S. investment banks that led to the financial crisis should be removed from their jobs, a documentary shown at the Cannes Film Festival advocates.
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A British government-commissioned enquiry designed to promote stability and competition in the banking industry may instruct lenders to separate their consumer and investment banking divisions.
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Research In Motion Ltd. fell again after investors and analysts speculated that new Chief Executive Officer Thorsten Heins may be unable to alter the BlackBerry maker’s course enough to stem market-share losses.
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