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Hotels are employing fewer concierges

IF BUSINESS travellers need to reserve a table at a restaurant, they may use OpenTable, a website. If they wish to find a nearby museum, a Google search will probably be their first port of call. And if they want transport into town, they can eas.....»»

Category: topSource: ECONOMISTOct 20th, 2017Related News

How should recessions be fought when interest rates are low?

ONE day, perhaps quite soon, it will happen. Some gale of bad news will blow in: an oil-price spike, a market panic or a generalised formless dread. Governments will spot the danger too late. A new recession will begin. Once, the response would have b.....»»

Category: economicsSource: ECONOMISTOct 20th, 2017Related News

Higher taxes can lower inequality without denting economic growth

INEQUALITY is one of the big political issues of the 21st century, with many commentators citing it as a significant factor behind the rise of populism. After all, nothing could be more indicative of the triumph of the common man than t.....»»

Category: economicsSource: ECONOMISTOct 20th, 2017Related News

Politics ensnares South Africa’s biggest asset manager

Matjila, survivorTHE rot in South African politics, which has eaten away at state companies, is spreading. This week McKinsey, a consultancy, apologised for the “distress” it had caused the South African people. Politica.....»»

Category: economicsSource: ECONOMISTOct 20th, 2017Related News

Jeff Flake’s anti-Trump manifesto could cost him his job

EVEN if Donald Trump h.....»»

Category: useconomySource: ECONOMISTOct 19th, 2017Related News

The president’s indecision on health care is costly for middle-earners

INSURANCE is supposed to be about the careful management of risk. Recently, for America’s health insurers, it has had a lot to do with keeping track of President Donald Trump’s Twitter feed. On October 12th the White House announced t.....»»

Category: useconomySource: ECONOMISTOct 19th, 2017Related News

Counties that voted for the president get more in disaster relief

“NOBODY could have done what I’ve done for Puerto Rico with so little appreciation,” President Donald Trump announced on October 8th. Boricuas, as denizens of the island are known, have yet to display the gratitude their president seeks. The .....»»

Category: useconomySource: ECONOMISTOct 19th, 2017Related News

The story of Puerto Rico’s power grid is the story of Puerto Rico

Elon, where are you?IN A room beneath the smokestacks of the Aguirre steam plant in south-eastern Puerto Rico, an engineer points to a colourful poster entitled “How Electricity Arrives at Your Home”. In norma.....»»

Category: useconomySource: ECONOMISTOct 19th, 2017Related News

Two white-shoe Republican candidates go full Breitbart

EVER since Donald Trump’s victory emboldened the Republican Party’s nativist wing, the dirtiest words with which a Republican can be tarred have not four letters, but 8 and 13: “moderate” and “establishment”. Unfortunately, t.....»»

Category: useconomySource: ECONOMISTOct 19th, 2017Related News

America’s first opioid court is working well

“YOU got to be selfish. You got to do what’s best for you,” says Craig Hannah, a judge in Buffalo, New York, to the young man standing before the bench. “Yeah, I know,” replies Patrick Bruno, “It’s so hard.” Mr Hannah .....»»

Category: useconomySource: ECONOMISTOct 19th, 2017Related News

Governors’ races have become contests between bajillionaires

Citizens for RaunerTHOUGH the primary is not until next March, the election to be the next governor of Illinois is already on track to become the most expensive in state political history, overtaking the $280m fight for.....»»

Category: useconomySource: ECONOMISTOct 19th, 2017Related News

Fiscal conservatism, RIP

TO B.....»»

Category: useconomySource: ECONOMISTOct 19th, 2017Related News

Workers are not switching jobs more often

EVERYBODY knows—or at least thinks he knows—that a millennial with one job must be after a new one. Today’s youngsters are thought to have little loyalty towards their employers and to be prone to “job-hop”. Millennials (ie, tho.....»»

Category: topSource: ECONOMISTOct 19th, 2017Related News

A rash of bankruptcies hits Chinese lenders backed by state firms

THE Communist Party dominates China’s economy and uses state-run companies, which it controls with an iron fist, to enforce its diktats. Or so the theory goes. Reality is messier: the party often struggles to monitor state-owned ente.....»»

Category: topSource: ECONOMISTOct 19th, 2017Related News

A Lloyd’s report urges insurers to ask “what if?”

ON JULY 7th disaster was narrowly averted when an Air Canada passenger plane, trying to land on a full taxiway at San Francisco airport, pulled up just in time. Five seconds longer, and it might have crashed into fully loaded planes and killed over.....»»

Category: topSource: ECONOMISTOct 19th, 2017Related News

Multilateral lenders vow openness about their carbon footprints

THE World Bank gets a lot of flak. Developing countries clamour for a bigger role in its management. President Donald Trump’s administration lambasts it for lending too much to China. Employees are in open rebellion against their boss, Jim Yong Kim. .....»»

Category: topSource: ECONOMISTOct 19th, 2017Related News

An Indian aviation visionary runs into bureaucratic turbulence

But India’s not rolling out the red carpetALL great aviation ventures start with mavericks willing to defy both the laws of physics and the scepticism of their peers. William Boeing, Oleg Ant.....»»

Category: topSource: ECONOMISTOct 19th, 2017Related News

Why Airbus’s tie-up with Bombardier is so damaging for Boeing

Alabama boundLIKE an airliner in service, Bombardier’s C-Series programme has had multiple highs and lows. In 2008 the Canadian firm began its attempt to break Airbus and Boeing’s duopoly on smaller jets.....»»

Category: topSource: ECONOMISTOct 19th, 2017Related News

Saudi Aramco’s IPO is a mess

THE proposal to sell shares in Saudi Aramco, the world’s biggest oil company, stunned the financial markets last year. Muhammad bin Salman, now Saudi Arabia’s crown prince, promised that it would be the biggest initial public of.....»»

Category: topSource: ECONOMISTOct 19th, 2017Related News

A property billionaire rescues Harvey Weinstein’s studio

AS DISTRESSED assets go, the Weinstein Company (TWC) is uniquely distressing. Much of its value was bound up in the brands of its eponymous founding brothers, one of whom, Harvey Weinstein, has been accused of sexual harassment and of assault by dozens .....»»

Category: topSource: ECONOMISTOct 19th, 2017Related News