Mark solomons

31 Flips | 2 Magazines | 6 Likes | 6 Following | 14 Followers | @sirsolo | Head of Business Education

Paul Krugman just wrote an op-ed praising Donald Trump for being 'right on economics'

Krugman previously derided the Republican real-estate mogul as a "belligerent, loudmouth racist with not an ounce of compassion."<p>But in a Monday op-ed article in The New York Times, the left-leaning writer praised Trump's "heresies" from Republican orthodoxy when it comes to economic policy.<p>"So am …

Paul Krugman: The GOP has never “abandoned its dream” of destroying the social safety net

“It’s the very idea of the government providing a universal safety net that they hate,” he argued<p>In his Monday column at the New York Times, economist Paul Krugman went after GOP presidential hopeful Jeb Bush for claiming that Medicare ought to be "phased out," claiming that such talk is emblematic …

Paul Krugman: Jeb Bush’s “vile cowardice” on Iraq typical of GOP’s “fraternity of failure”

Admittance is easy — have a long history of getting everything wrong and refusing to admit it<p>Likely Republican presidential candidate Jeb Bush has spent the better part of the last week trying desperately to run away from questions about his brother's disastrous foreign policy, but New York Times …

There will never be a better time to go to Europe than right now

A long time ago, in a financial galaxy far, far away, it looked like the U.S. dollar was going to be worth more than the euro. It was called "March."<p>Since then, though, the stronger dollar seems to have hurt the economy enough that the Federal Reserve will probably put off raising rates like it'd …

Economy

Can Kids Be Taught Persistence?

Another primary source in the book is David Levin, co-founder of the charter KIPP Academy, who developed a student character report card to cultivate …

Dan Pink: How Teachers Can Sell Love of Learning to Students

In fact, the business world has a lot to learn from educators: what motivates people, how to inspire people to perform well. But educators can also …

From “Economic Man” to Behavioral Economics

When we make decisions, we make mistakes. We all know this from personal experience, of course. But just in case we didn’t, a seemingly unending stream of experimental evidence in recent years has documented the human penchant for error. This line of research—dubbed heuristics and biases, although …

Critical Thinking

Is the general election result a NO win for the British economy and property market?

Big business has never been so "nervous" about a Tory win in a general election, says JLL boss Guy Grainger<p>Guy Grainger, the UK chief executive of one of the world’s largest property groups, prefers to conduct meetings in the Soho-style coffee bar at JLL’s London headquarters, rather than over …

Who Governs Britain? by Anthony King, review: 'terrifying'

Nicholas Blincoe is dismayed by a study of British governance that argues ministers have too much power, and often go unchecked by the civil service<p>There is a memorable scene in the film In the Loop when a British minister is seen discussing plans for another Middle Eastern war with his opposite …

UK house prices set to ‘outperform London’

Housing pricing increases are set to outperform those in London for the first time since 2009, analysts say<p>House price increases outside London are likely to outperform those in the capital for the first time in six years, said a study on Monday.<p>“Years of over-performance” will cause London …

Labour manifesto 2015 - the key points

The Labour leader, Ed Miliband, has launched his party’s manifesto at the Old Granada Studios in Manchester. It is called Britain Can Be Better and following are the key points:<p>The economy<p>Every policy in the manifesto will be paid for without requiring any additional borrowing.<p>The first budget will …

Income Tax

U.K. Adds Craft Beer, e-Cigarettes and Music Streaming to Inflation Basket

Fancy beer, protein shakes and the fees charged for streaming music online have been added to the basket of goods and services used to calculate inflation in the U.K.

Craft Beer

UK GDP: different measures, competing narratives

There was something for everyone in the latest UK economic data. Growth in the final three months of 2014 was revised up. That was good news for the government. The balance of payments deficit last year was the highest since modern records began in 1948. That was not so welcome.<p>But with an election …

Economics

Blair’s back: Former PM warns of economic chaos if Tories win U.K. election

Former British leader Tony Blair waded into Britain's general election campaign Tuesday, warning of economic chaos should Prime Minister David Cameron's Conservative Party win the race.<p>Blair, an adept communicator known for his ability to cook down complicated matters into understandable concepts, …

United Kingdom

Grand Central: U.K. Elections Bring Reminder of Political Risk

<i>The Wall Street Journal’s Daily Report on Global Central Banks for Friday, April 10, 2015:</i><p><i>Sign up for the newsletter: http://on.wsj.com/grandcentralsignup</i><p>Central bankers guard their independence fiercely and like to think themselves above the rough and tumble of the political fray. That doesn’t …

Dow Jones

Service jobs at record high as labour market sees shift

The composition of the country's labour market is shifting, with the share of Canadians working in the services sector reaching a record high, while the portion of those employed in factories has ebbed to a record low.<p>The share of people working on the services side of the economy climbed to 78.4 …

Should we work forever?

At the World Bank, we have seen many colleagues who retired on a Friday only to come back as consultants the following Monday. They don’t do it for …

Demographics

New IMF research: No evidence that labour market deregulation increases growth

In an analytical chapter prepared by the International Monetary Fund (IMF) for the April 2015 edition of its World Economic Output (WEO) report, to …

Economics

Fairfax-Ipsos poll: Voters show politicians how to lead

Something strange however, has occurred amid all this political and financial mismanagement.<p>In a challenge to the political orthodoxy, the electorate …

Week Ahead Economic Overview

First quarter GDP data are updated in China, while the European Central Bank announces its latest monetary policy decision. Labour market data are …

Stiffing the Tax Man: The part of the economy that has grown under Obama

According to the Federal Reserve as of March 11, 2015 there was $1.36 trillion US currency in circulation. In 2007 that number was approximately $803 …

Ed Miliband's direct appeal to sceptical voters: 'Trust me on the economy'

The Labour leader will commit each of his Government’s Budgets to cutting spending year on year if Labour wins next month’s general election<p>Ed Miliband will ask sceptical voters to trust him on the economy by putting a pledge to cut the deficit year on year on the first page of Labour’s general …

Saudi Arabia’s Plan to Extend the Age of Oil

Last fall, as oil prices crashed, Ali al-Naimi, Saudi Arabia’s petroleum minister and the world’s de facto energy czar, went mum. He still popped up, …

Dollar’s Rise Reshuffles Global Economy Into Winners and Losers

The rising U.S. dollar is redistributing growth throughout the global economy.<p>The greenback’s ascent to the highest in a dozen years on a …

China's trade collapse raises fears of growth slowdown

Hard landing fears return as exports fall by 15pc and imports by 12.7pc in March<p>Fears of a slowdown in the world's second largest economy were revived on Monday as China's exports collapsed by a spectacular 15pc in March.<p>Weak foreign demand sent exports plungeing as data also showed imports fell by …

Middle-aged capitalism

On any given day, you can expect news of major corporate mergers. Last week, we had decisions from FedEx to buy the Dutch delivery company TNT for $4.8 billion and from Royal Dutch Shell to acquire the BG Group, a British natural gas company, for $70 billion. Mergers and acquisitions have become a …

Economics

Why Stephen Poloz can't fix a weak economy

Everyone knows the bit of folk wisdom "If it ain't broke, don't fix it."<p>But as the economies of China, Japan, Europe and North America coast in …