John Gapper, Vanessa Houlder and Janan Ganesh of the Financial Times, plus Ayesha Hazarika , discuss the latest developments in Westminster this week — including the political fallout of Google’s £130m tax bill: was it a big success or a giveaway? — and whether Labour is losing its working class voters under Jeremy Corbyn’s leadership. Presented by George Parker, political editor.
The quintessential Grunge anthem, ‘Smells Like Teen Spirit’ hinted at the racial politics, school shootings and ennui which entangled America’s Generation X. David Honigmann traces the song’s evolution. Credit: Universal Music TV Campaign Division, Columbia, UMC (Universal Music Catalogue), Rhino Atlantic
Corporate short-termism, or a company’s tendency to reduce internal investment and focus on share price and dividend payments, is widely criticised by economists and politicians for its effect on the stock market. Michael Mauboussin, head of global financial strategies at Credit Suisse, explains his skepticism about this consensus. Then, a recent Goldman Sachs report suggests more millennials lived in their parents’ basements in 2015 than the year before, despite a strengthening jobs market. The FT’s Anna Nicolaou joins Cardiff and Shannon to discuss what’s holding millennials back despite the fact that they are not unemployed. Finally, Lex writer Sujeet Indap shares a tale of two Wall St bankers. Music by Podington Bear and Broke For Free.
After months of build-up, the Iowa caucus will offers US presidential candidates their first chance to get ahead. Gideon Rachman reviews the chances of the Republican and Democratic rivals with Courtney Weaver and Edward Luce.
Google is paying £130m in back tax to the UK and Apple could soon be instructed to pay billions. FT columnist John Gapper talks to Murad Ahmed, European technology correspondent, about where it could all lead.
Zika, a mosquito-born virus, is the latest organism seemingly to have come out of nowhere and gone rogue. Andrew Ward discusses the origins of the outbreak and how worried we should be with Clive Cookson, FT science editor.
A battle of the bankers has gone public and may end up in court, drawing attention to the financial industry’s hiring and retention practices. Sujeet Indap and James Fontanella-Khan investigate the dispute between Joe Perella and a former colleague who was fired amid allegations of a plot to quit and launch a rival firm
In another multibillion-dollar deal, a US company has acquired a smaller European company in order to reduce its tax base. The so-called tax inversion deal has become one of the most prominent types of transaction in the recent M&A boom. The FT’s Sujeet Indap is joined by M&A correspondent James Fontanella-Khan and policy correspondent Barney Jopson to discuss the growing US M&A trend, some of the biggest inversion deals and the potential for a policy crackdown under a new administration in 2017. Music by Red Thread.
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