Alex Cheatle’s business had a near-death experience when he lost customers after the dotcom bubble of the late 1990s burst. He tells Jonathan Moules that the experience proved invaluable.
Music: Kevin MacLeod – Off to Osaka
How Lou Reed got prostitution, transvestism, oral sex and drugs past the BBC commisariat with a group of white English ‘coloured girls’. Credits: RCA/Legacy, Spectralite, Sony BMG Music Entertainment
Adam Cole of RBC Capital Markets tells Katie Martin why the euro and dollar still pounce on well-known signs of contrasting US and European monetary policy.
Adele has broken the record for first-week album sales in the US, vindicating her strategy of withholding the release from streaming services such as Spotify and Apple Music. Ravi Mattu asks Robert Cookson, the FT’s digital media correspondent, how she did it and whether it’s a tactic others might follow.
Mauricio Macri has overturned 12 years of Peronist rule in Argentina as the candidate for change. Jonathan Wheatley asks J.P Rathbone, FT Latin America editor, how hard it will be for the new president to turn the economy around without causing too much pain to the electorate.
From science and economics to music and poetry, the FT’s correspondents pick their best reads of 2015.
Music credit: Quiet Music for Tiny Robots, “You Won’t Believe What Happens Next”
Car sales in the US are set to hit a record high this year, helped by the post-recession resurgence of the sport utility vehicle. As President Barack Obama prepares to visit Paris next week for the UN climate change conference, host Shannon Bond asks FT journalists Ed Luce and Robert Wright what the SUV boom means for the government’s efforts to steer Americans toward more fuel-efficient vehicles. Then, the FT’s Robin Wigglesworth and Matt Klein examine how a $2bn IMF-led bailout program is helping to right the Jamaican economy, and Shannon previews the latest episode of Alphachatterbox. Music: “Plain Loafer” by Kevin MacLeod.
The FT’s Michael Stott, Chris Giles and Janan Ganesh discuss UK chancellor George Osborne’s Autumn Statement, focusing on proposed welfare cuts, tax increases and the policy reversal on tax credits.
George Osborne, UK chancellor, has backed away from controversial cuts to tax credits for the poor as he sought to soften the blow from the deepest public spending cuts for a generation. Matthew Garrahan spoke to George Parker, the FT’s chief political correspondent, about the climbdown.