Business And Finance

Discomforting brew

WHEN governments bailed out banks during the financial crisis, they tended to insist that shareholders suffer big losses. Most bondholders, however, got off scot-free. In theory, bondholders should have lost money too—but working out just how bankrupt the banks were, apportioning the losses and risking contagion among bondholders elsewhere seemed too risky to contemplate as the financial system was seizing ...

Read More »

Girl power

LABOUR markets are hotbeds of inequality. For every dollar a white American man in full-time work earns, the average white woman earns 78 cents and the average Latina only 56 cents. Marriage is a boon for male earnings; motherhood drags female earnings down. Likewise, gay men earn about 5% less than heterosexual ones in Britain and France, and 12-16% less ...

Read More »

Scientists may have at last found a way to beat jet lag

JUST over a century ago, Rudyard Kipling wrote that the advent of the aeroplane would herald a time “when the most extreme distances will be brought within the compass of one week’s—one hundred and sixty-eight hours’—travel”. Technology has brought us quite a bit further than that. Designers are now suggesting planes that could fly business passengers from New York to ...

Read More »

Sharp elbows

IT IS surely a promising sign for Terry Gou, the boss of Foxconn, that Japan’s largest business newspaper, the Nikkei, is reporting unflatteringly on his efforts to buy Sharp, a near-bankrupt electronics firm. At first the Innovation Network Corporation of Japan (INCJ), a government-backed fund, had seemed certain to snap up the company, and the Nikkei said little. But now ...

Read More »

Falling bank shares: a bad omen?

ANOTHER worry has been added to the long list plaguing equity markets this year. Bank shares have been falling fast, particularly those in Europe, which in morning trading, were down 22% so far this year. The collapse of 2007 and 2008 was all about the banking sector. If European banks are in trouble, then comparisons with that period are bound ...

Read More »