Leah Becks

92 Flips | 4 Magazines | 20 Likes | 2 Following | 2 Followers | @LeahGrant7 | Keep up with Leah Becks on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Leah Becks”

Credit Suisse Takes Out Insurance on Itself

Swiss bank wants investors to help fund its exposure to operational risks<p>Getting rid of unproductive assets is a good way to boost returns. Banks are still busily doing this eight years after the global financial crisis.<p>But now Credit Suisse has a plan to shed something that isn’t really an asset …

Credit Suisse

Europe’s capital markets union is lost without Britain's constraining, liberal influence

Dublin and Frankfurt are reportedly licking their lips in anticipation. Yet perhaps oddly, Luxembourg is dreading it. A lot of what makes the European Union such a dysfunctional organisation is its very make-up of squabbling sovereign voices and divided national interests. This particular quarrel …

Brexit could lead to recession, says Bank of England

Central bank issues unprecedented warning over EU vote, claiming exit could depress pound and raise unemployment<p>The Bank of England has warned for the first time that Britain could slide into recession in the aftermath of a vote to leave the EU in next month’s referendum.<p>Governor Mark Carney also …

Bank of England

'The end of the great debt cycle'

"It's the end of the supercycle. It's the end of the great debt cycle." -Ray Dalio<p>Over the weekend, I sat down with Stig and Preston of <i>The Investors Podcast</i>. One of the questions they asked me was, "what are the three biggest risks you see right now?" I responded:<p>All three of these things now have …

Donald Trump replaced a bizarre debt solution with an even stranger one

Because he doesn't.<p>In an interview with CNN on Monday morning, Trump indignantly said it was "ridiculous" to claim that he ever suggested that the US deal with the national debt by persuading its creditors to accept less than full payment.<p>"People said I want to go and buy debt and default on debt. …

Forget Obama, John Maynard Keynes Predicted Donald Trump And Bernie Sanders

It’s no major insight at this point to say that the presidential campaigns of Bernie Sanders and Donald Trump signal something amiss within the electorate. Voters are plainly mad about something, and the something is likely economic. Does anyone seriously believe Trump and Sanders would be part of …

Economics

Hundreds of thousands of UK small businesses under threat, putting 1.8m jobs at risk

The nation's small businesses are under threat, with an estimated 370,000 business owners seeking to shut up shop within the next five years because of the burden of red tape and bureaucracy.<p>A toxic cocktail of threats, including Britain's exit from the European Union, the ever-increasing burden of …

Analytics will get you only so far: leadership requires judgement

What marks the great business leaders apart is not their capacity for hard work. Virtually all work insanely long hours. Nor is it their …

EU Commission sees euro zone growth slowing, urges more investment | Reuters

BRUSSELS (Reuters) - Despite surprisingly strong growth in the first quarter, euro zone growth is likely to slow down slightly this year as ultra-low interest rates have yet to spur faster investment, the European Commission said on Tuesday.<p>The EU executive arm forecast that the economy of the 19 …

Economics

How Great Leaders Keep Top Performers Happy and Productive | Inc.com

When asked what their company's No. 1 asset is, smart leaders will answer that it's their employees. Yet a whopping 50 percent of employees who leave a company do so because of their relationship with the boss.<p>There are obvious consequences in lacking a culture that embodies positive company values …

Employee Engagement

The Democrats’ Favorite, Nobel-Winning Economist On How To Reduce Income Inequality

“We should be using those scarce resources to preserve the planet. But we don’t give innovators any incentives.”<p>The message of Joseph Stiglitz’s book—<i>The Great Divide: Unequal Societies and What We Can Do About Them</i> (out now in paperback)–is positive, in a way. He shows how growing income and …

Income Inequality

UK economy slows as global weakness, Brexit uncertainty weigh | Reuters

LONDON (Reuters) - Britain’s economy slowed at the start of this year, buffeted by a slowing global economy and uncertainty ahead of this year’s referendum on European membership, as it relied solely on the services sector to drive growth.<p>First-quarter gross domestic product grew by 0.4 percent, …

Economics

China's economy is on steroids, and things could get messy when they run out

Lending in the country has exploded: Chinese banks have extended more loans in the last three months than the entire US corporate-financing market ever has, according to Deutsche Bank.<p>There have also been several rounds of relaxation in property-purchase regulations, according to Morgan Stanley.<p>The …

Stunted growth: the mystery of the UK’s productivity crisis

Without it the future is bleak, but despite a bewildering array of theories for why this key economic driver has dropped there is no clear answer<p>Our economic future isn’t what it used to be. In March the Office for Budget Responsibility (OBR) revised down its growth estimates for each of the next …

Economics

PEER-TO-PEER LENDING MARKETS: The leading countries for alternative finance and the next high-growth markets

Since the financial crisis, borrowers have been eager to get lower interest rates and better access to credit, while lenders have searched for higher returns on their investments. Banks, saddled with regulatory burdens, haven't been able to fully meet these needs. This has left room for the growth …

John Maynard Keynes died 70 years ago. We ignore his wisdom at our peril

The economist warned against the potentially disastrous weaknesses of our global financial system. It’s not too late to pay him heed now<p>When John Maynard Keynes died, 70 years ago on Thursday, he was a man with serious unfinished business. While he achieved much in his lifetime, he lost out to the …

Economics

BANK OF ENGLAND OFFICIAL: 'Central banks can't afford to be Uber'd'

Andrew Hauser, the Bank's executive director for banking, payments, and financial resilience, told the audience at the SWIFT Business Forum event in London on Wednesday: "The change is going to happen whether we like it or not. We have to ensure we adapt as well. If we don't do so, effectively we …

The next showdown between the US and China is at our doorstep, and Washington finally noticed

On Monday, the ranking member of the US Senate Finance Committee, Sen. Ron Wyden (D-Oregon) fired the first warning shot. In a statement, he accused China of distorting the commodities markets by flooding the market with goods, thereby suppressing price.<p>"Over the past few decades, China has used …

China

Blockchain will usher in the era of decentralised computing

By now, you’ve heard of blockchain, the technology that underlies Bitcoin. Blockchains are a type of decentralisation technology that will …

thebitcoinpro.com

In his latest letter to shareholders, Warren Buffett shreds the most popular idea in economics right now

In short, this idea — which was resurfaced by Larry Summers in 2013— says that there isn't enough demand in the US and world economies to create economic growth above 2%.<p>Over the last 40 or so years, the US often enjoyed growth rates far in excess of that number.<p>But Warren Buffett thinks concerns …

Now Moody's is looking at downgrades for China's biggest companies

The companies impacted are household names, even outside of China, and include the likes of China Mobile, Citic Group, China State Construction Engineering and China Metallurgical Group.<p>The move follows similar moves from Moody's towards 25 Chinese non-insurance financial firms on Wednesday, …

How large is the UK’s national debt, and why does it matter?

The UK Government owes more than £1.6 trillion to its creditors.<p>If you want to compare that to the UK’s population, then the national debt attributable to every man, woman and child is in the region of £24,900 each.<p>George Osborne, the Chancellor, has made it his mission to reduce the size of this …

Europe is 'close to stagnation'

"France and Germany hover close to stagnation," the economic research group Markit said this morning. UK manufacturing is only "slightly above the stagnation mark."<p>That's a scary thought — because if Europe was to fall back into recession it would be the worst possible scenario: a recession and …

Mass EU migration into Britain is actually good news for UK economy

The disclosure before the crucial European Union summit that the number of citizens of other EU countries working in Britain had risen above the 2 million mark for the last six months was widely reported as bad news for David Cameron.<p>But behind the unfounded headlines about “EU migrants grabbing …

United Kingdom

Sterling sinks after London mayor joins 'Brexit' camp | Reuters

LONDON (Reuters) - Sterling sank against the dollar on Monday as the defection of London Mayor Boris Johnson to the “Brexit” camp added to concerns that a British departure from the European Union is a real risk.<p>Sample polymer ten GB pound banknotes are seen on display at the Bank of England in …

London Mayor

Opinion: Welcome to economic stagnation and stock market dysfunction

In 1968, a nation that was reeling from huge societal upheavals was fertile ground for a populist political wave.<p>There was the Vietnam War that was …

The UK, EU and Brexit: Who wins and who loses? | Europe

The UK has been threatening to leave the European Union for some time, but with Britain preparing for a referendum on EU membership in June, a British exit from the EU, or Brexit, is becoming a real possibility.<p>It's going to be hard... but I will not take a deal that does not meet what we …

Europe

Why An Economy For The 1% Is Bad For Business, And Government

The “meek” — that old biblical euphemism for the poor — will one day inherit the earth. If so, it will only be if the world’s one percenters high-tail it to Mars before everything here goes to pot. Because, according to a study on economic inequality by Oxfam, the poor have an uphill climb if they …

Income Inequality