ARE BILLIONAIRES MORE LIKELY TO BE GRADUATES?
Are billionaires good with exams as well as their finances? Or are they more likely to have escaped school at the first opportunity and worked their way up to make their fortunes? Are they likely to be graduates or to
BRITISH MPS CRITICISE ‘SMALL’ GOOGLE TAX DEAL
An influential group of MPs has criticised an agreement between Google and the tax authority over how much the company has to pay in back taxes. The Public Accounts Committee (PAC) said the £130m (~ $181) settlement “seems disproportionately small”,
JP MORGAN SETS ASIDE $500M FOR LOSSES ON ENERGY LOANS
Additional $500m (£357m) to cover potential losses from its exposure to the oil and gas sector. The increase is more than 60% of the funds the bank had already set aside. The announcement contrasts with its assertion in January that
DON’T IGNORE THESE 7 FINANCIAL TIME BOMBS
Don’t wait until it’s too late to defuse a financial time bomb. It’s a question everyone asks when they end up paying an unexpected and expensive bill. What went wrong? Too often, what went wrong is that a problem was
HOW MUCH MILLENNIALS HAVE SAVED UP
Millennials are projected to number 75.3 million for 2015, surpassing a projected 74.9 million for Baby Boomers. The Millennials will therefore comprise a greater percentage of the population than Baby Boomers for the first time. To gain insight into the
FREE EXCHANGE: SLIGHT OF HAND.
IS THE job of central bankers more like that of technicians, carefully turning knobs as they fine-tune the economy, or magicians, manipulating the audience into the suspension of disbelief? Most of the time it is the former. Monetary maestros nudge
BUTTONWOOD: LIQUID LEAK.
ECONOMISTS have been a bit puzzled by the market turmoil of early 2016. It seems to be driven, in part at least, by fears of either an American recession, or a sharp Chinese slowdown, neither of which looks likely from
5 FINANCIAL RISKS STARTUPS HAVE TO TAKE
Everyone seems to be jumping on the startup bandwagon; people are coining themselves entrepreneurs in hopes of one day inventing the next Facebook or Pandora and becoming billionaires. We’re all familiar with the rags-to-riches stories many entrepreneurs experience, but not