My easy like Sunday morning reads: • I’m Poor, Now Please Stop Telling Me What to Do With My Non-Existent Money (Vice) see also The Price of Financial Advice Is, Finally, Falling (Wall Street Journal) • What I learned as a hedge fund manager (Vanguard) • How Hackers Are Stealing High-Profile Instagram Accounts (The Atlantic) • The Unfair Advantage of Discomfort (Krueger & Catalano) • Are…
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The annual US celebration of small businesses is demeaning. If we’re good at what we do, we don’t need acts of charity
On 24 November, the day after Black Friday and two days before Cyber Monday, Americans will “celebrate” our eighth annual Small Business Saturday.
The holiday, which started in 2010, has grown into something of a national phenomenon. What began as just a promotional campaign thought up by American Express has now spawned more than 7,200 “neighborhood champions” who “rally their communities with events and activities” according to the company. Since then a number of business associations, non-profit trade groups and municipalities have formed the Small Business Saturday Coalition, which aims to encourage “everyone to shop small”.
Related: ‘It hasn’t benefited us a dime’: Georgia steelworkers’ verdict on Trump tariffs
Small means pitiful and they don’t want to be pitied by marketing executives and the media on one day of shopping
Related: Joseph Stiglitz: ‘America should be a warning to other countries’
A bloodbath prediction by Mark Carney would help the PM to get her withdrawal deal passed
Mark Carney will give evidence to the Commons Treasury committee this week and even someone who struggles to know their John Maynard Keynes from their Milton Friedman can guess what will be top of the agenda.
MPs will want to know how the Bank of England plans to respond if the result of voting down the withdrawal agreement negotiated by Theresa May is that the UK leaves the EU next spring in a disorderly way.
Related: CBI backs May’s Brexit deal and says no deal would lead to shortages
There is no formal leaders’ statement for the first time amid competing visions for the region.
Before staying out of the euro, the UK commissioned 23 studies. Before leaving the EU, we didn’t commission one
I don’t know much about driverless cars, but we have certainly got a driverless government.
It was Gordon Brown who put his finger on the essence of the humiliating mess into which a dreadful Conservative administration has steered this once-proud nation. During a dazzling address to the Institute for Government in London last week, Brown reminded us that he had taken the question of whether or not the UK should join the eurozone so seriously that he had commissioned no fewer than 23 studies on the subject.
The case for a People’s Vote strengthens by the day, and it is up to the Labour party to rise to the occasion
Brent crude’s fall lifts the pressure on central banks to curb inflation. But it also reflects a decline in economic optimism
After six weeks of falling, the oil price came to a pause last week. In the global ranking of economic events, a 20%-plus drop in the price of the black stuff is a big deal. A barrel of Brent crude cost $86 at the beginning of October. Last week the cost of a barrel fell to just $66 before settling at $67.
Of course, the Brent price is only back to where it was in March, and remains well above the low of $28 it hit in early 2016. Yet such a dramatic fall will force America’s central bank to rip up its forecasts for inflation and reconsider some of its planned interest rate rises.
Australian PM downplays Beijing’s Pacific expansionist ambitions as Chinese officials reportedly try to force way into PNG minister’s office
Scott Morrison says the United States and China are getting closer to resolving a trade war that threatens economic growth in the region, downplaying tensions on display during the Apec summit about Beijing’s expansionist ambitions in the Pacific, and the impact of globalisation.
The Australian prime minister said on Sunday the US and China were aware that other Apec countries wanted to see an end to the tit-for-tat trade spat that has played out since July, and he said “there is a lot more progress being made here than is probably being acknowledged”.
Related: America to partner with Australia to develop naval base on Manus Island
Related: Apec leaders at odds over globalisation and free trade
Xi Jinping and Mike Pence trade barbs in their speeches in Papua New Guinea
Asia-Pacific leaders failed to bridge gaping divisions over trade at a summit dominated by a war of words between the US and China as they vie for regional influence.
For the first time, Apec leaders were unable to agree on a formal written declaration, amid sharp differences between the world’s top two economies over the rules of global trade.
Related: A Chinese recession is inevitable – don’t think it won’t affect you | Kenneth Rogoff
Related: ‘Can they really pull it off?’: the Apec summit comes to Papua New Guinea
UFC Fight Night 140 finished with definitive stoppages in the co-main and main events. Take a look at all of the results and bonus money information from Argentina.