On the front of Wednesday’s Financial Times was a picture of Kate Middleton smiling adoringly at the future king of England and giving every impression of delight over her new job as the nation’s foremost corporate wife.
Berlin’s emphasis on deflationary adjustment in weaker countries risks turning the eurozone as a whole into a gigantic Germany, dependent on importing demand from the rest of the world, says Martin Wolf
The music scene is currently awash with aging rockers and pop groups re-united. Take That, complete with Robbie Williams, will tour next year; space rockers Hawkwind, formed in 1969, tour the UK next month; while Lemmy, born 1945, is currently taking the stage with Motorhead. Whatever happened to “hope I die before I get old”? Aren’t they old enough to know better?
Neville Hawcock, deputy arts editor, talks to Peter Aspden, the FT’s arts writer, and Richard Clayton, who regularly reviews pop for the paper.
They came; they saw; they lost. That is the reaction to what emerged on global rebalancing at the summit meeting of the Group of 20 leading countries in Seoul last week. Publicly, surplus countries persist in calling on those in deficit to deflate themselves into economic health. The consequences of this folly are now evident in the eurozone. At the world level, the US will never accept it. But, beneath the radar, something more productive may be emerging.
The International Monetary Fund does not normally respond to mere journalists. But its staff have explicitly rejected my arguments on the pace of fiscal consolidation in the UK. On one point – the need for a fiscal “plan B” – the IMF takes my side in the argument with the government. This is no small victory, not least because its latest report on the UK reads, in other respects, as if dictated to it by the Treasury.
In the podcast this week: We ask whether the resignation of four officials earlier this week marks the end of the Berlusconi era; we look at the results of the Food and Agriculture Organization food outlook report, published yesterday, about rising prices and what this means for emerging markets and we ask what is the future for Ireland as it teeters on the edge of accepting a bailout loan from the EU and the IMF.
Presented by Gideon Rachman with David Gardner, Martin Sandbu and Stefan Wagstyl in the studio, Geoff Dyer in Beijing and Guy Dinmore in Rome.
In this week’s podcast: We take a look at Europe’s energy markets and the impact of oil and gas prices on electricity bills, we ask what now for BHP Billiton in the light of its failure to take over Canadian PotashCorp and we look at the prospect for investment in renewables in the wake of the G20 meeting.
Presented by David Blair with Javier Blas in the studio and guests Colette Lewiner from Capgemini and Michael Lynch from Strategic Energy and Economic Research.
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