For a while, it seemed like Canada had solved one of the thorniest problems that plague many big cities, from London to San Francisco, Sydney,…
NEW WORLD ORDER
Ten years on from the start of the financial crisis, how the mighty have fallen
On Aug. 9, 2007, BNP Paribas froze three of its investment funds—barring investors from withdrawing billions of euros—because of a lack of liquidity in the…
20/20 HINDSIGHT
Ten years ago today, people weren’t that worried about impending financial doom
If we knew then what we know now… Ten years ago today, all was not well with the global financial system. On Aug. 9, 2007…
AVANTI!
Believe it or not, Italy is the best performing stock market in the G7 so far this year
Investors faith in Europe’s economic recovery has made stocks in Italy the best performers in the G7 so far this year. Forgotten, it seems, are…
CLOSE TO HOME
Deglobalization in action? Foreign corporate revenues have fallen to their lowest level in five years
Companies are selling less abroad than they used to. On average, in 2016 corporate revenues generated overseas fell to 44% globally, the lowest level in…
📈🏠📉
From San Francisco to Toronto via Sydney: Five big housing bubbles in five years
Nothing unites the world’s city dwellers quite like complaining about property prices. In the past few years, spikes in house prices have passed from one…
BOHEMIAN RHAPSODY
Why does the Czech Republic have the lowest unemployment in the EU?
Germany is Europe’s economic powerhouse, with a reputation for efficiency, order, and low unemployment. But since the end of 2015, the job market in the…
EQUAL PAY DAY
Black women have to work around 18 months to earn as much as white men do in a year
In the US, the gender pay gap is narrowing. But progress on equal pay is not itself equal. To earn the same amount as white…
BATTERED BOLIVAR
Venezuela’s economy is sliding into oblivion
In Venezuela, runaway inflation, a collapsing currency, and chronic shortages have battered the South American nation’s economy for years. Over the past five years, Venezuela’s…
VALUE JUDGMENT
Amazon has made half the profits of Macy’s over the past 20 years
Amazon’s paltry second-quarter earnings made one thing clear: profits don’t matter. The online retail giant made $197 million in profit in the three months to…
WHATEVER IT TAKES
Five years ago today, Mario Draghi saved the euro
Exactly five years ago, European Central Bank president Mario Draghi demonstrated the power of words. The euro zone was in the throes of crisis, with…
OUT OF FAVOR
For the first time in more than a year, traders are betting against the US dollar
A few months ago, Donald Trump said the best thing about a strong dollar is that it “sounds good.” The US president also fretted that…
