debt ceiling
The current debt ceiling debate reveals a painful reality that the United States must confront.
Today’s most shared: The strange case of the fired Fed examiner… Naming names as FX investigation heats up… Fed taper timing… Nobel foundation could have used advice from Shiller and Fama.
1. Anatomy of a shutdown
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Today’s most shared: Counting the cost of shutdown showdown… Fantasy football IPOs… Development hardball and extreme land-grabbing in Shanghai’s French Concession…Regulators unconvinced of Dimon’s greatness, desirability of banks’ physical commodities business… declining labor mobility.
1. This fiscal fight… READ MORE ›
Governments traditionally have two policy levers to influence the economy: monetary policy and fiscal policy. Many investors have directed their ire at the unprecedented monetary easing of global central bankers over the last several years, but fiscal policy in both Europe and the United States has proven impotent because of unswerving gridlock. Now there is a potential reckoning for fiscal impotency in the form of a fixed debt ceiling in the United States.
One story that got my attention this week came from the Guardian: Sometime in the first half of 2014, the Financial Times will launch a single edition, global print product. In a memo to staff, editor Lionel Barber said: "The 1970s-style newspaper publishing process — making incremental changes to multiple editions through the night is dead. In future, our print product will derive from the web offering — not vice versa."