Tag Archives: Federal Reserve

Business this week

Business this week

A judge in Oklahoma ruled that Johnson & Johnson had broken the state’s “public nuisance” law with its aggressive marketing of opioids and ordered it to pay $572m. It was the first time a drugmaker had stood trial for its part in creating America’s opioid-addiction crisis; others have so far elected to settle rather than face a …

The numbers guys | When economists ruled the world

The numbers guys | When economists ruled the world

They have a lot to answer for, says Binyamin Appelbaum The Economists’ Hour. By Binyamin Appelbaum. Little, Brown; 448 pages; $30. To be published in Britain by Picador in January; £20. FEW ECONOMISTS worked at the Federal Reserve in the early 1950s. Those who were on the staff of America’s central bank were relegated to the basement, at …

Business this week

Business this week

The Business Roundtable, America’s foremost association of chief executives, caused a stir when it redefined the purpose of a company, ditching the decades-old orthodoxy that increasing shareholder value should be the only objective. Now, the bosses say, companies should also look out for the interests of customers, workers, suppliers and communities, and aim to increase diversity …

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 …

US-China trade · Dangerous miscalculations

US-China trade · Dangerous miscalculations

America cannot have a strong economy, a trade war and a weak dollar at the same time SINCE THE trade war began in 2018 the damage done to the global economy has been surprisingly slight. America has grown healthily and the rest of the world has muddled along. But this week the picture darkened as the …