Your daily briefing on the day’s news from the FT and elsewhere
Who are the truly transformative leaders you credit with squeezing your inner greatness out? Transformative leaders generate the kind of positive heat that simply compels others to talk about them in a grand way!
Batman in sneakers? Yes, and it actually looks cool.
One of the most talked about technologies today is the Internet of Things (IoT). As connected devices continue to transform our homes and workplaces, industry experts, technology gurus and everyday folks are considering what our future will be like when machines are connected and can communicate.
The lessons of 2008 have not been fully learned: stop risky lending by banks, address fiscal policy and reduce inequality
The collapse of Lehman Brothers on 15 September 2008 unleashed the worst global downturn since the Great Depression of 1929. And it was almost entirely unanticipated. Ten years on is a good time to ask what governments, policymakers, and economists might learn from this catastrophe – how to prevent future ones, and how to overcome them if they happen. Of these two, prevention is far better than cure. Once a downturn gathers momentum, the scale of intervention needed to reverse it becomes frighteningly large. Budget deficits balloon, public debts soar, governments take over banks – all conjuring up visions of looming state bankruptcy, or worse, state control over the economy. So the most important question is: how can these catastrophes be prevented?
By prevention, I do not chiefly mean trying to stop the semi-regular fluctuations of the business cycle. Capitalist market economies exhibit rhythms of economic activity. The political economist Joseph Schumpeter called them waves of creation and destruction, or perhaps they simply arise from temporary mistakes of optimism and pessimism. The authorities already possess the tools to dampen, if not altogether prevent, these fluctuations – if they want to. Central banks can use interest rates to restrict or expand credit; government budgets have built-in stabilisers, with revenues falling when the economy turns down, and rising when it expands.
NHL 19 is out for customers who pre-ordered on PS4 and Xbox One, but if you still have questions, here are the 10 biggest things you should know before you decide to buy the game.