Aug 17th 2019

Politics this week

Politics this week

An indicative vote in Argentina’s presidential election suggested that the opposition, led by Alberto Fernández with the country’s previous president, Cristina Fernández de Kirchner (no relation), as his running-mate, would handily win the actual election in October. The Argentine peso shed a quarter of its value against the dollar and its main stockmarket fell by 37%. …

Business this week

Business this week

Spooked by concerns over trade, geopolitical tensions and the possibility of recession, stockmarkets had their worst day of the year so far. The s&P 500, Dow Jones Industrial Average and NASDAQ indices all fell by 3% in a day. In Europe the DAX was down by 2.2% and the FTSE 100 by 1.4%. Investors were particularly concerned by the yield on long-term American …

The world economy | Markets are braced for a global downturn

The world economy | Markets are braced for a global downturn

The signals from bonds, currencies and commodities are increasingly alarming LOOKING FOR meaning in financial markets is like looking for patterns in a violent sea. The information that emerges is the product of buying and selling by people, with all their contradictions. Prices reflect a mix of emotion, biases and cold-eyed calculation. Yet taken together markets …

Among the 1% | Adventures with long-shot candidates

Among the 1% | Adventures with long-shot candidates

A dispatch from the Iowa State Fair NEARLY TWO dozen presidential candidates descended on Iowa’s State Fair, which began on August 8th, each with a different style and number of supporters. Elizabeth Warren’s were young, loud and pre-loaded with chants. Kamala Harris’s formed a yellow-shirted, fresh-faced, hyper-enthusiastic wave that left stickered, dazed-looking Iowans in its wake. …

Legal and rarer | The legal cannabis market shrank in California last year

Legal and rarer | The legal cannabis market shrank in California last year

Blame those twin Californian ailments, taxes and regulation HARBOURSIDE CANNABIS in Oakland is a modern-day temple to the delights and possibilities of the botanical marvel that is the plant Cannabis sativa. Around the airy shop move a well-heeled clientele. They browse among offerings ranging from cannabis-infused chocolate to sparkling water and vape pens. California was the first …