MasterCard released a report today ranking the 50 most important “centers of commerce” around the world. Here’s the top ten:
1. London
2. New York
3. Tokyo
4. Chicago
5. Hong Kong
6. Singapore
7. Frankfurt
8. Paris
9. Seoul
10. Los Angeles
I had breakfast this morning with Yuwa Hedrick-Wong, the Singapore-based MasterCard economic …
A while back, Karen Tumulty linked on Swampland to a Washington Post article about John Edwards’ ties to hedge fund operator Fortress Investment Group and asked me to comment on whether we should care. I said we should, although I couldn’t really tell how much, and both Karen and I got some grief from commenters for purportedly flogging …
The latest guest blogger over on Swampland, Democratic political consultant Dave “Mudcat” Saunders, has been stirring things up bigtime with his condemnation of the “Metropolitan Opera Wing” of the Democratic Party. I initially thought this was because his loyalties lay with the party’s notoriously combative Lyric Opera of Chicago Wing. …
Harvard Law professor and bankruptcy guru Elizabeth Warren has a really interesting proposal out today in the journal Democracy (I first heard about yesterday in Gretchen Morgenson’s column in the NYT):
It is impossible to buy a toaster that has a one-in-five chance of bursting into flames and burning down your house. But it is possible
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A reader named Greg from Sunnyvale, Calif., writes, regarding my column about how ExxonMobil is devoting a significantly smaller share of its resources to developing new sources of oil than it did back in the late 1970s and early 1980s:
I was thinking that, as a journalist, you might want to investigate an alternative explanation for
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As my fellow Time.com blogger Lisa Takeuchi Cullen reports, somebody from LinkedIn stopped by Time Thursday to try to convince people here to make more use of the professional networking site (or whatever you want to call it). I missed the tutorial, but I am a LinkedIn member (albeit one with a piddling 27 connections). A sample tip:
3.
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For those who, like me, are not entirely sure what to make of (occasional Time columnist) Jeff Sachs’s conversion from prophet of sound-money capitalism to would-be savior of Africa, my old friend Nina Munk has a very entertaining piece in the new Vanity Fair that will probably leave you no surer:
When I ask Sachs about his failure in
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The global economy has been on a serious roll since 2004. According to IMF data, we’re in the midst of the biggest global boom since the 1970s. Of course, the ’70s weren’t so great in the U.S. and, while the ’00s have been better, they haven’t felt better for a lot of people. The charts below (created by Time.com’s Feilding Cage using …
As already noted, I’m loving these Dick Armey posts on Swampland. In his latest, he writes:
Social Security is not a retirement system. It is an intergenerational transfer program. Our 21st century economy is marked by a global economy and multiple zigs and zags in the typical career path. Today’s 401(k) funds, diverse mutual fund
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From Mike Adams’ minute-by-minute coverage of today’s Estonia-England European Championship qualifier at guardian.co.uk (the game’s not over yet; England’s ahead 3-0 with about 10 minutes left);
GOAL! Estonia 0 – 2 England (Crouch 54) Beckham, in plenty of space, sends over a dipping cross that Crouch allows to bounce in front of him
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It’s just that most of us don’t express our concerns quite like this:
The impending collapse of Social Security and Medicare will be the largest bankruptcy in human history. It is an avalanche aimed squarely at the American economy.
Now, I’ve been guilty of some Social Security and Medicare alarmism of my own in the past. And I remain …
At the request of Chunglee Wang, here’s the text of my commentary (they ran the long version) on PBS’s Nightly Business Report Monday night:
You hear a lot of complaints these days from Capitol Hill and parts of corporate America that China is manipulating its currency to keep it from rising against the dollar. As a matter of fact,
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