Peter Coy


Peter Coy News

  • Inflation Soars in the Bitcoin Consumer Price Index

    In December, using bitcoin to pay for a cold Corona at New York City's Old Man Hustle bar was a smart move. With the digital currency up 64-fold for the year, patrons got lots of bitcoin bang for their beer. Bitcoin-priced goods were experiencing "massive deflation," Bloomberg Businessweek's Peter Coy wrote, as the price of real things in terms of bitcoin plummeted.

  • Nishimura Says Japan to Reduce Company Tax Rate by April ’15

    Japan will begin significant cuts to the corporate tax rate by April 2015, aiming to make the country more competitive and fuel a recovery driven by government spending and record monetary stimulus, said Deputy Economy Minister Yasutoshi Nishimura.

  • Nuclear Safety Lessons Start With Manholes, Axes: Peter Coy

    Three Mile Island, Chernobyl, Fukushima. First the accident, then the predictable allegations in the postmortem: The design was flawed. Inspections were inadequate. Lines of defense crumbled, and reliable backups proved unreliable. Planners lacked the imagination or willpower to prepare for the worst.

  • Why Debtholders Need to Get Ready for a Haircut: Peter Coy

    There is no end in sight to Ireland’s debt crisis, but here’s one thing we know: The Irish will not get kicked out of their own country. No matter how many multiples of the nation’s gross domestic product are owed to German and U.K. banks, sovereign foreclosure isn’t an option.

  • Saudi Arabia Must Keep Pumping Oil for Stability: Peter Coy

    It’s been more than a week since youthful Saudi Arabian demonstrators bucked the regional trend and cheered their ruler, celebrating his return to the kingdom from medical treatment abroad. Saudi Arabia remains relatively calm in a Middle East burning with revolutionary fervor.

  • Banking Crisis of ’30s Gives EU Bad-Loan Tuition: Peter Coy

    In May 1931, a Viennese bank named Credit-Anstalt failed. Founded by the famous Rothschild banking family in 1855, Credit-Anstalt was one of the most important financial institutions of the Austro-Hungarian Empire, and its failure came as a shock because it was considered impregnable.

  • Banking Crisis of ’30s Gives EU Bad-Loan Tuition: Peter Coy

    In May 1931, a Viennese bank named Credit-Anstalt failed. Founded by the famous Rothschild banking family in 1855, Credit-Anstalt was one of the most important financial institutions of the Austro-Hungarian Empire, and its failure came as a shock because it was considered impregnable.

  • Taxes May Solve U.S. High-Frequency Trading Mess: Peter Coy

    Shares of Accenture Plc , the technology consulting firm, sold for $40 on the afternoon of May 6 when the stock suddenly seized up. For 22 seconds there were no recorded trades. Then came a transaction below $10.

  • BP Spill Makes Case for Clean Energy R&D: Peter Coy

    BP says it’s throwing its best people at stopping the Gulf of Mexico oil spill. Nevertheless, it took an outsider -- none other than Energy Secretary Steven Chu , who has a Nobel Prize in physics -- to come up with the idea of peering inside the malfunctioning blowout preventer on the sea floor with high-energy gamma rays.

  • Peter Coy, James Sterngold on Global Economies: Audio

    Bloomberg Businessweek's Peter Coy talks with James Sterngold, Pimm Fox and David Wilson about the U.S., European and Chinese economies.

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